Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297957 
Year of Publication: 
2023
Citation: 
[Journal:] Central Bank Review (CBR) [ISSN:] 1303-0701 [Volume:] 23 [Issue:] 1 [Article No.:] 100106 [Year:] 2023 [Pages:] 1-14
Publisher: 
Elsevier, Amsterdam
Abstract: 
This study investigates the role of sectoral market structure in the inflationary dynamics of the domestic producer prices (D-PPI) in Türkiye. We start by reporting the fact that industries with intense competition had lower producer price inflation compared to industries with low-competition in the past few years. Further investigation shows that this differentiation across industries corresponds to the years with higher exchange rate volatility. The industries characterized with low-competition have higher annual producer price inflation on average than those that are characterized with high-competition especially during the periods of high exchange rate volatility. Results are robust to a wide set of additional specifications and cast light on the role of market structure on firms' pricing behavior in Türkiye.
Subjects: 
Competition
Exchange rate pass-through
Inflation
Market concentration
Producer prices
JEL: 
D4
E31
F31
L11
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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