How do real and monetary integrations affect inflation dynamics?

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2023

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Elsevier B.V.

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International Trade and Logistics
Commonly paired with the term logistics, international trade is an irreplaceable, ever-developing element that even pioneers theory with its practices. International trade and logistics is a field that involves developing areas of commerce such as “E-Commerce” and utilizes state-of-the-art technology. As we all know, E-Commerce reaches a volume of trillions of dollars due to special days and celebrations; whereas logistics is what fleshes it out. In addition, while e-commerce gains popularity during the global Covid-19 outbreak, logistics is what deems storage, transportation and customs duties possible. At our Department, the education is offered in English with a program and a staff that grasp development; in addition to hands-on training at our simulation center. Assigning expert academicians and instructors, the department grants the opportunity to make observations in turkey or abroad, every year and in each semester. Similarly, our Department sends students to Erasmus programs, every year. Thus, our graduates are never unemployed. Maintaining our state of being “the only”, “the first”, “and the best” in education, social life, and sports..

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This paper examines the significance of real and monetary integrations for the inflationary dynamics of an emerging country, Turkey. The analysis accounts for 2-digit items of CPI inflation, which can be broadly categorized as tradable versus non-tradable and goods versus services. We find that a fall in the inflation gap between partner countries is mainly related to real integration whereas the co-movement of inflation is prominently driven by monetary policy co-movements. The product-type analysis shows that inflation gap in tradable items between trade partners shrinks and becomes more correlated with the (de)convergence and co-movement of real integration. © 2023

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Co-movement, Convergence, CPI sub-Items, Globalization, Inflation gap, Turkey

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0

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Q1

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International Economics

Volume

174

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18

End Page

27

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https://doi.org/10.1016/j.inteco.2023.02.001
 https://hdl.handle.net/20.500.14411/4119

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Scopus