Household Level Inflation Rates and Inflation Inequality in Turkey

Uğur Akkoç, Burça Kızılırmak
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引用次数: 2

Abstract

This paper aims to explore the distribution of inflation rates at the household level and estimate their determinants using the Household Budget Surveys. It derives the household level inflation rates using the democratic price index and analyzes inflation inequality and its persistency. The main contributions of the paper are as follows: (i) to determine inflation inequality by examining the distribution of household-specific inflation rates calculated by the democratic price index, (ii) to examine new dimensions of inflation inequality in Turkey by income groups and household characteristics, (iii) to estimate the micro-level determinants of household inflation rates in Turkey. Results suggest that inflation rates are lower for the rich than for the poor, and the distribution of inflation has worsened the income inequality in Turkey. This analysis provides rich information for monetary policymakers. Households have different responses to price changes or monetary policy tools because of their unique characteristics and economic conditions. Thus, we need to know how inflation rates differ at the household level in order to understand how monetary policy and inflation affect the well-being of households.
土耳其的家庭水平通货膨胀率和通货膨胀不平等
本文旨在探讨通货膨胀率在家庭层面的分布,并利用家庭预算调查估计其决定因素。利用民主价格指数推导出家庭层面的通货膨胀率,并分析了通货膨胀不平等及其持续性。本文的主要贡献如下:(i)通过检查由民主价格指数计算的家庭特定通货膨胀率的分布来确定通货膨胀不平等,(ii)根据收入群体和家庭特征检查土耳其通货膨胀不平等的新维度,(iii)估计土耳其家庭通货膨胀率的微观决定因素。结果表明,富人的通货膨胀率低于穷人,通货膨胀的分布加剧了土耳其的收入不平等。这一分析为货币政策制定者提供了丰富的信息。家庭因其独特的特点和经济条件,对价格变化或货币政策工具有不同的反应。因此,我们需要知道通货膨胀率在家庭层面上的差异,以便理解货币政策和通货膨胀如何影响家庭的福祉。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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