@article{article_1121651, title={Turkey’s Recent Inflation Experience: Main Causes of Inflation According to Demand-pull and Cost-push Inflationary Effects and An Evaluation in Terms of Economy Policy}, journal={Balıkesir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi}, volume={3}, pages={59–83}, year={2022}, author={Biçen, Ömer Faruk}, keywords={Enflasyon, Türkiye Ekonomisi, Ekonomi Politikası, Para Politikası, Nedensellik Analizi}, abstract={Turkish economy succeeded in breaking the long-term inflation inertia and maintaining price stability, thanks to the new policies implemented after the crisis in 2001. However, developments since the mid-2010s have reversed this process. The Turkish economy has not been able to sustain its single-digit inflation experience since 2004 and has entered a double-digit inflationary period since 2017. In this study, Turkey’s recent inflation experience and the reasons for this process are investigated. As a result of the Gregory-Hansen structural break cointegration and Hsiao causality analyses applied in this study, which covers the process from January 2016 to February 2022, no causality relationship was found between the main indices of Consumer and Domestic Producer Prices. However, on the basis of sub-indices, a unidirectional causality relationship has been reached from Consumer Prices to Electricity, Gas, Steam and Air Conditioning Production and Distribution products and from Domestic Producer Prices to Housing prices, and bidirectional causality between Domestic Producer Prices and the prices of Food and Non-Alcoholic Beverages group products. In short, both cost-push and demand-pull inflationary structures were effective in this period.}, number={2}, publisher={Balıkesir Üniversitesi}