The aim of this research is to test the existence of the New Keynesian Wage Phillips Curve (NKWPC) in Turkey. For this purpose, analyzes were made using the ARDL bound testing approach. The research covers the data compiled in the period between 1995: Q1-2019: Q4. Empirical findings indicated that, based on the assumptions of the New Keynesian approach, there is an adverse relationship among the wage inflation and unemployment rate in Turkey. The findings of this research revealed that New Keynesian Wage Phillips Curve could be used by policy makers to design economic policies such as the estimation of future wages and prices and the determination of adjustment rate to the equilibrium in Turkey.
Primary Language | Turkish |
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Journal Section | Articles |
Authors | |
Publication Date | June 30, 2021 |
Submission Date | August 27, 2020 |
Published in Issue | Year 2021 |
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