Cookies?
Library Header Image
LSE Research Online LSE Library Services

Price rigidity in Turkey: evidence from micro data

Özmen, M. Utku and Sevinç, Orhun (2015) Price rigidity in Turkey: evidence from micro data. Emerging Markets Finance and Trade, 52 (4). pp. 1029-1045. ISSN 1540-496X

[img]
Preview
PDF - Accepted Version
Download (602kB) | Preview
Identification Number: 10.1080/1540496X.2015.1047304

Abstract

In this study we investigate the duration of consumer price spells and price change patterns for Turkey by employing a comprehensive micro price data covering around 6,000 items over four years. In detail, we analyze how long typical price spell lasts and we investigate the size, frequency, distribution and synchronization of price changes. Compared to advanced economies, a higher frequency of price changes is estimated. Findings suggest substantial heterogeneity among sub-groups in terms of frequency and synchronization indicators. The mixed evidence of both state and time-dependent pricing is also relevant for Turkey, an emerging market economy.

Item Type: Article
Official URL: http://www.tandfonline.com/loi/mree20#.VzSUMYQrLGg
Additional Information: © 2015 Taylor & Francis Group
Divisions: Centre for Macroeconomics
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Research centres and groups > Centre for Macroeconomics
Date Deposited: 12 May 2016 14:39
Last Modified: 20 Jul 2019 02:05
URI: http://eprints.lse.ac.uk/id/eprint/66507

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics