{"title":"Inflation aversion in Turkey","authors":"Deniz Nebioğlu , Barış Soybilgen","doi":"10.1016/j.ecosys.2023.101147","DOIUrl":null,"url":null,"abstract":"<div><p>Inflation has been at the center of policy debates in Turkey since the 1970s. Although the country experienced a rapid disinflation period during the early 2000s, Turkish inflation has always remained high compared to other developing countries. Disinflationary policies require a long-run commitment of policymakers backed by public consensus and strong institutions. In this paper, we aim to understand the factors that shape the public attitudes of Turkish citizens towards inflation for the period between 2004 and 2020 using Eurobarometer data. We find that belonging to a vulnerable class increases the probability of being inflation averse, while favorable expectations for the future, being on the right of the political spectrum, and trust in politicians decrease inflation aversion.</p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"47 4","pages":"Article 101147"},"PeriodicalIF":2.8000,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Systems","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0939362523000869","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
Inflation has been at the center of policy debates in Turkey since the 1970s. Although the country experienced a rapid disinflation period during the early 2000s, Turkish inflation has always remained high compared to other developing countries. Disinflationary policies require a long-run commitment of policymakers backed by public consensus and strong institutions. In this paper, we aim to understand the factors that shape the public attitudes of Turkish citizens towards inflation for the period between 2004 and 2020 using Eurobarometer data. We find that belonging to a vulnerable class increases the probability of being inflation averse, while favorable expectations for the future, being on the right of the political spectrum, and trust in politicians decrease inflation aversion.
期刊介绍：
Economic Systems is a refereed journal for the analysis of causes and consequences of the significant institutional variety prevailing among developed, developing, and emerging economies, as well as attempts at and proposals for their reform. The journal is open to micro and macro contributions, theoretical as well as empirical, the latter to analyze related topics against the background of country or region-specific experiences. In this respect, Economic Systems retains its long standing interest in the emerging economies of Central and Eastern Europe and other former transition economies, but also encourages contributions that cover any part of the world, including Asia, Latin America, the Middle East, or Africa.
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