Journal Article

·2019

Chaotic characteristic of inflation-unemployment relation in Turkey

Melike Bildirici YTU , Fulya Özaksoy YTU

AIP conference proceedings

Abstract

In this paper, it was purposed to analyze the chaotic pattern of inflation-unemployment relation for the period from January, 1960 to April, 2019 in Turkey. For modelling this relation, oil prices were considered as an exogenous variable in examination of chaotic causal relation between inflation and unemployment. This model was applied in two stages: Firstly, the chaotic structure of the variables were determined by using Lyapunov Exponents and Henon Map and secondly by Hristu-Varsakelis and Kyrtsou(2010) [1] and Bai(2018) [2] Chaotic Causality Tests, the chaotic causal relations among the variables were decided. Because, these estimations are crucial especially for analyzing complex economic system of countries.

Keywords

Chaotic Inflation (cosmology) Lyapunov exponent Causality (physics) Unemployment Relation (database) Econometrics Variable (mathematics) Mathematics Granger causality Economics Computer science Macroeconomics Mathematical analysis Artificial intelligence Physics Data mining Theoretical physics

Subject Areas

Complex Systems and Time Series Analysis ·Economics and Econometrics ·Social Sciences
Market Dynamics and Volatility ·Economics and Econometrics ·Social Sciences
Stock Market Forecasting Methods ·Management Science and Operations Research ·Social Sciences

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