An Analysis of Regime Shifts in the Turkish Economy

We use a time-varying dynamic factor model with regime switching to construct and estimate the leading indicators of the currency crises in Turkey. After that, we analyze the business cycles of the Turkish economy, by using a three-state univariate Markov-switching model. Both models capture the observed dynamics of the Turkish economy over the period 1987-2002

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Year of publication:	2010
Authors:	YILMAZKUDAY, HAKAN ; Akay, Koray
Publisher:	[S.l.] : SSRN
Subject:	Türkei \| Turkey \| Wirtschaftslage \| Macroeconomic performance \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (42 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Modelling, Vol. 25, No. 5, pp. 885-898, 2008 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1, 2008 erstellt
Classification:	E44 - Financial Markets and the Macroeconomy ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014049462