Catik, A. NazifOnder, A. Ozlem2019-10-272019-10-2720111540-496X1540-496Xhttps://doi.org/10.2753/REE1540-496X470506https://hdl.handle.net/11454/46117This paper investigates the existence of oil pass-through to inflation for Turkey covering the period February 1996-May 2007. Oil price-augmented Phillips curves are estimated with linear and Markov regime-switching models. Markov regime-switching models reveal the asymmetric structure of oil pass-through and indicate the existence of two different regimes characterized as the high- and the low-inflation periods. We find evidence for asymmetric oil pass-through in the high- inflation regime for headline and food- and energy-excluded inflation measures. Our results suggest that Jarque-Bera core inflation is not affected by oil price variations under either inflationary environment. Hence, we suggest the Jarque-Bera indicator as an intermediate target in the analysis of the future trend of inflation.en10.2753/REE1540-496X470506info:eu-repo/semantics/closedAccessinflationMarkov regime-switching modelsoil shockspass-throughArticle475125140WOS:000298163000007N/AQ2