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TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ

Yıl 2012, Cilt: 27 Sayı: 1, 71 - 83, 25.06.2012

Öz

Bu çalışmada Türkiye için Gordon’un (1997) üçlü modeline benzer bir model kullanılarak Kalman filtresi yaklaşımıyla zamanla değişen NAIRU (enflasyonu hızlandırmayan işsizlik oranı) tahmini yapılmaktadır. Araştırma dönemi (2000:1–2007:4) için fazla dalgalanmayan bir NAIRU tahmini elde edilmiştir. Çalışmadan elde edilen NAIRU değerleri Turner vd. (2001) tarafından hesaplanan OECD ortalamalarından yüksektir.

Kaynakça

  • Ball, L., Mankiw, N. G. (2002) The NAIRU in Theory and Practice, NBER Working Paper, W8940.
  • Batini, N., Greenslade, J. (2003) “Measuring the UK Short-Run NAIRU”, External MPC Unit Discussion Paper No. 12. Camarero, M.,
  • Carrion-i-Silvestre, J. L., Tamarit, C. (2005)
  • “Unemployment dynamics and NAIRU estimates for accession countries: A
  • univariate approach” Journal of Comparative Economics 33 (2005) 584–603.
  • Estrada, A. I. , Hernando, I., Lopez-Salido, J. D. (2000) “Measuring the NAIRU in the Spanish Economy”, Banco de Espana WP No. 0009.
  • Fabiani, S., Mestre, R. (2001) “A System Approach for Measuring the EURO Area NAIRU”, European Central Bank Working Paper Series No. 65.
  • Ferreira, A., Aguirre, A., Gomes, F. (2003) “Estimates of the NAIRU for Brazil using the Ball-Mankiw Approach”, Série CEPE Working Paper
  • Friedman, M. (1968), The Role of Monetary Policy, American Economic Review, March, no.1
  • Gordon, R. J. (1997), “The time-varying NAIRU and its implications for economic policy”, Journal of Economic Perspectives, 11(1), Winter 1997, pp. 11-32.
  • Gordon, R. J. (1998), “Foundations of the Goldilocks economy: supply shocks and the time-varying NAIRU”, Brookings Papers on Economic Activity, Vol. 2, pp. 297-346.
  • Laubach, T. (2001) “Measuring the Nairu: Evidence from Seven Economies, “Source: The Review of Economics and Statistics”, Vol. 83, No. 2, 218-231.
  • Madsen, J. B. (2005) Empirical Estimates of the NAIRU, LABOUR 19 (3) 563–593.
  • Modigliani, F., Papademos, L. (1975), Monetary Policy for the Coming Quarters: The Conflicting Views, The New England Review, March- April, 2- 35. Reprinted in: The Collected Papers of Franco Modigliani, (1980), vol. 3, MIT Press, Cambridge
  • Phelps, E. S. (1967), Phillips Curves, Expectations of Inflation, and Optimal Unemployment over Time, Economica, vol. 34, no. 135, 254-81
  • Rodenburg, P. (2007) Derived Measurement in Macroeconomics: Two Approaches for Measuring the NAIRU Considered, Tinbergen Institute Discussion Paper, TI 2007-017/1.
  • Stephanides, G. (2006) “Measuring the NAIRU: Evidence from the European Union, USA and Japan”, International Research Journal of Finance and Economics, Issue 1, 29-35.
  • Szeto, K. L., Guy, M. (2004) “Estimating a New Zealand NAIRU”, New Zealand Treasury Working Paper 04/10.
  • Tobin, J. (1980), Stabilization Policy Ten Years after, Brookings Papers on Economic Activity, No. 1, 19-71
  • Tobin, J. (1997), Supply Constraints on Employment and Output: NAIRU versus Natural Rate, Cowles Foundation Paper 1150, Yale University, New Haven
  • Turner, D., Boone, L., Giorno, C., Meacci, M., Rae, D., Richardson, P. (2001) Estimating the Structural Rate of Unemployment for the OECD Countries, OECD Economic Studies No. 33, 2001/II www.tuik.gov.tr

ESTIMATING NONACCELERATING INFLATION RATE OF UNEMPLOYMENT (NAIRU) FOR TURKEY

Yıl 2012, Cilt: 27 Sayı: 1, 71 - 83, 25.06.2012

Öz

In this paper, time varying NAIRU (non-accelerating inflation rate of unemployment) is estimated with Kalman filter approach using model similar to Gordon’s (1997) triangle model for Turkey. NAIRU estimates are obtained not much volatile for the estimation period 2000:1–2007:4. NAIRU rate estimated in this study is higher from OECD average calculated by Turner et al. (2001).

Kaynakça

  • Ball, L., Mankiw, N. G. (2002) The NAIRU in Theory and Practice, NBER Working Paper, W8940.
  • Batini, N., Greenslade, J. (2003) “Measuring the UK Short-Run NAIRU”, External MPC Unit Discussion Paper No. 12. Camarero, M.,
  • Carrion-i-Silvestre, J. L., Tamarit, C. (2005)
  • “Unemployment dynamics and NAIRU estimates for accession countries: A
  • univariate approach” Journal of Comparative Economics 33 (2005) 584–603.
  • Estrada, A. I. , Hernando, I., Lopez-Salido, J. D. (2000) “Measuring the NAIRU in the Spanish Economy”, Banco de Espana WP No. 0009.
  • Fabiani, S., Mestre, R. (2001) “A System Approach for Measuring the EURO Area NAIRU”, European Central Bank Working Paper Series No. 65.
  • Ferreira, A., Aguirre, A., Gomes, F. (2003) “Estimates of the NAIRU for Brazil using the Ball-Mankiw Approach”, Série CEPE Working Paper
  • Friedman, M. (1968), The Role of Monetary Policy, American Economic Review, March, no.1
  • Gordon, R. J. (1997), “The time-varying NAIRU and its implications for economic policy”, Journal of Economic Perspectives, 11(1), Winter 1997, pp. 11-32.
  • Gordon, R. J. (1998), “Foundations of the Goldilocks economy: supply shocks and the time-varying NAIRU”, Brookings Papers on Economic Activity, Vol. 2, pp. 297-346.
  • Laubach, T. (2001) “Measuring the Nairu: Evidence from Seven Economies, “Source: The Review of Economics and Statistics”, Vol. 83, No. 2, 218-231.
  • Madsen, J. B. (2005) Empirical Estimates of the NAIRU, LABOUR 19 (3) 563–593.
  • Modigliani, F., Papademos, L. (1975), Monetary Policy for the Coming Quarters: The Conflicting Views, The New England Review, March- April, 2- 35. Reprinted in: The Collected Papers of Franco Modigliani, (1980), vol. 3, MIT Press, Cambridge
  • Phelps, E. S. (1967), Phillips Curves, Expectations of Inflation, and Optimal Unemployment over Time, Economica, vol. 34, no. 135, 254-81
  • Rodenburg, P. (2007) Derived Measurement in Macroeconomics: Two Approaches for Measuring the NAIRU Considered, Tinbergen Institute Discussion Paper, TI 2007-017/1.
  • Stephanides, G. (2006) “Measuring the NAIRU: Evidence from the European Union, USA and Japan”, International Research Journal of Finance and Economics, Issue 1, 29-35.
  • Szeto, K. L., Guy, M. (2004) “Estimating a New Zealand NAIRU”, New Zealand Treasury Working Paper 04/10.
  • Tobin, J. (1980), Stabilization Policy Ten Years after, Brookings Papers on Economic Activity, No. 1, 19-71
  • Tobin, J. (1997), Supply Constraints on Employment and Output: NAIRU versus Natural Rate, Cowles Foundation Paper 1150, Yale University, New Haven
  • Turner, D., Boone, L., Giorno, C., Meacci, M., Rae, D., Richardson, P. (2001) Estimating the Structural Rate of Unemployment for the OECD Countries, OECD Economic Studies No. 33, 2001/II www.tuik.gov.tr
Toplam 21 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA38BJ72JH
Bölüm Makaleler
Yazarlar

M. SİNAN Temurlenk

SELİM Başar Bu kişi benim

Yayımlanma Tarihi 25 Haziran 2012
Yayımlandığı Sayı Yıl 2012 Cilt: 27 Sayı: 1

Kaynak Göster

APA Temurlenk, M. S., & Başar, S. (2012). TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi, 27(1), 71-83.
AMA Temurlenk MS, Başar S. TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi. Haziran 2012;27(1):71-83.
Chicago Temurlenk, M. SİNAN, ve SELİM Başar. “TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ”. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi 27, sy. 1 (Haziran 2012): 71-83.
EndNote Temurlenk MS, Başar S (01 Haziran 2012) TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi 27 1 71–83.
IEEE M. S. Temurlenk ve S. Başar, “TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ”, Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi, c. 27, sy. 1, ss. 71–83, 2012.
ISNAD Temurlenk, M. SİNAN - Başar, SELİM. “TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ”. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi 27/1 (Haziran 2012), 71-83.
JAMA Temurlenk MS, Başar S. TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi. 2012;27:71–83.
MLA Temurlenk, M. SİNAN ve SELİM Başar. “TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ”. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi, c. 27, sy. 1, 2012, ss. 71-83.
Vancouver Temurlenk MS, Başar S. TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ. Dokuz Eylül Üniversitesi İktisadi İdari Bilimler Fakültesi Dergisi. 2012;27(1):71-83.