Now showing items 1-10 of 26
Dependency on imported oil and its effects on current account
(Taylor & Francis Inc, 2017)
Oil price hikes can have disruptive effects on the current account balances of oil-importing developing countries, which largely depend on external energy sources for domestic output. Nonetheless, the relation between oil ...
Fines versus prison for the issuance of bad checks: Evidence from a policy shift in Turkey
(Elsevier Science Bv, 2017-11)
We investigate whether the February 2012 amendments to the Check Law in Turkey that replaced imprisonment with administrative fines for issuing bad checks were a driver of the surge in bad checks since late 2011. As the ...
Unconventional monetary policy and the stock market's reaction to Federal Reserve policy actions
(Elsevier Science Inc, 2017-04)
We examine the change in the effect of Federal Reserve's policy actions on stock returns after the Fed started to use unconventional policy actions. We find that the response of stock returns to monetary policy actions are ...
Audrey Kurth CRONIN, How Terrorism Ends: Understanding the Decline and Demise of Terrorist Campaigns
(Uluslararası İlişkiler Konseyi Derneği, 2017)
[No abstract available]
Sovereign risk, public debt, dollarization, and the output effects of fiscal austerity
(Elsevier Sci Ltd, 2017-04)
The goal of this paper is to investigate effects of fiscal policy on output as a response to an external shock at different levels and currency compositions of public debt. Central to our analysis is the mutual relationship ...
Lower volatility, higher inequality: are they related?
(Oxford Univ Press, 2017-10)
We investigate the relationship between GDP volatility and income inequality to explain the changes in both variables in the last decades of 20(th) century. The theoretical results show that these variables are related to ...
A comparison of optimal policy rules prior to and during inflation targeting: empirical evidence from Bank of Canada
(Routledge Journals, Taylor & Francis Ltd, 2017)
We examine policy rules that are consistent with inflation targeting (IT) framework in a small macroeconomic model of the Canadian economy. We set up an optimal linear regulator problem and derive policy rules to compare ...
Inflation Target Credibility: Do the Financial Markets Find the Targets Believable?
We investigate the credibility of inflation targeting (IT) central banks (CBs) by estimating perceived inflation targets of the financial markets. We calculate financial markets' beliefs about the inflation targets of 24 ...
When did the First World War End for Turkey?
(Univ Provence, 2017-06)
This paper investigates the influence of the World War One and the Peace Conferences on the post-1918 conlicts in Anatolia. The paper argues that the "war" continued up until 1939 - albeit in different forms - for two ...
Has the forecasting performance of the Federal Reserve's Greenbooks changed over time?
(Walter De Gruyter Gmbh, 2017-06)
We investigate how the forecasting performance of the Federal Reserve Greenbooks has changed relative to commercial forecasters between 1974 and 2009. To this end, we analyze time-variation in the Greenbook coefficients ...