Journal of Yaşar University
Yazarlar: ZEHRA ABDİOĞLU
Konular:-
DOI:10.19168/jyu.34339
Anahtar Kelimeler:Inflation rate,Capacity utilization rate,Supply shocks,Kalman filter analysis
Özet: In this study, the relationship between capacity utilization rate and inflation rate is investigated forTurkey by using both OLS and Kalman filter analysis. The data used in this study are monthly and cover the periods of 1991-2006 and 2007-2012. Supply shocks are added to the model by following McElhattan (1985). In this paper, the non-accelerating inflation rate of capacity utilization is estimated for Turkey. According to findings, this rate takes values between 76-79 % on average. In addition, supply shocks do not adversely affect the positive relationship between capacity utilization rate and inflation rate.