Gelişmekte olan ülkelerde enflasyonun belirleyicileri

This study aims to examine the drivers of inflation for selected developing countries to compare the relative roles of internal and external factors. The study covers the period from 1995 to 2019, using PVAR and VAR Models. In this study, we want to test the hypothesis that the drivers of inflation have changed after the globalization. According to our results, as the world economy globalized, the inflation dynamics changed in favor of the external drivers. The exchange rate is the common driver of inflation in developing countries in our subsample, and the country characteristics have an important effect on the relative roles of different drivers.