Inflation in Turkey leads to increased economic uncertainty, study finds.
The study looked at how inflation affects inflation uncertainty in the Turkish economy. They used a method called Exponential GARCH to analyze the data. The results showed that inflation causes inflation uncertainty, with the variance of inflation reacting more to past positive changes than negative ones. Inflation was found to lead to inflation uncertainty, but the opposite relationship was not as clear. Overall, the findings support the idea that inflation influences inflation uncertainty in Turkey.