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Markov Chain Approximations For Term Structure Models

Backus, David; Wu, Liuren; Zin, Stanley - EconWPA - 2002

We derive discrete markov chain approximations for continuous state equilibrium term structure models. The states and transition probabilities of the markov chain are chosen effciently according to a quadrature rule as in Tauchen and Hussey (1991). Quadrature provides a simple yet method which...

Persistent link: https://www.econbiz.de/10005134854

Common Priors and Markov Chains

Samet, Dov - EconWPA - 1996

The type function of an agent, in a type space, associates with each state a probability distribution on the type space. Thus, a type function can be considered as a Markov chain on the state space. A common prior for the space turns out to be a probability distribution which is invariant under...

Persistent link: https://www.econbiz.de/10005550941

ACTIVE AND PASSIVE SEIGNIORAGE REVENUES: THE CASE FOR TURKEY 1970-1997

Halicioglu, Ferda - EconWPA - 2005

This study is concerned with the components of the total seigniorage revenues that have been collected by the Turkish governments during the years 1970-1997. Traditionally, a government can increase the monetary base in order to finance its expenditures partially. This form of monetary finance...

Persistent link: https://www.econbiz.de/10005076728

EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective

Kibritcioglu, Aykut - EconWPA - 2003

Section of Cyprus are preparing their economy for a full-membership to the EU while Turkey, as an associate- member of the … Union since 1963 and as a part of customs union between Turkey and the EU since 1996, seems to be excluded from the next EU … Turkey different than the 11 membership candidate countries and the EU countries in terms of the ten selected macroeconomic …

Persistent link: https://www.econbiz.de/10005076843

Turkiye'nin dunya ekonomisine entegrasyon sureci ( The integration process of Turkey into the world economy) (IN TURKISH)

HALICIOGLU, Ferda - EconWPA - 2005

This study brifly looks into the process of Turkey into the world economy and concludes that this process has been …

Persistent link: https://www.econbiz.de/10005124899

PUBLICATION PERFORMANCE OF ECONOMISTS AND ECONOMICS DEPARTMENTS IN TURKEY (1999-2003)

cokgezen, murat - EconWPA - 2005

This is the first study evaluating publication performances of economists and economics departments in Turkey. Findings …

Persistent link: https://www.econbiz.de/10005124928

Exchange rates and employment in Turkish manufacturing

Filiztekin, Alpay - EconWPA - 2005

This paper investigates the effects of exchange rate fluctuations on Turkish manufacturing employment and wages using data for a panel of manufacturing industries over the period 1981-1999. The net effect of depreciations are found to be negative for both employment and wages, though the effects...

Persistent link: https://www.econbiz.de/10005125502

Revealing Turkeyâ€™s Public Debt Burden: A Transparent Payments Approach

Alioglu, Ertunc; Erbil, Can; Salman, Ferhan - EconWPA - 2004

We postulate a new method of identifying debt which we call Debt Burden (DB). We claim that DB reveals the true debt obligations of the fiscal authority. It is more accurate and transparent. Hence, DB would serve fiscal authority much better in policy making. It is powerful in a sense that it is...

Persistent link: https://www.econbiz.de/10005125920

Turkiye'de Akaryakit Urunu Fiyat Gelismeleri ve Enflasyon: Yeni Bulgular (= Changes in Prices of Oil Products and Inflation in Turkey: New Evidence)

Kibritcioglu, Aykut - EconWPA - 2003

Ham petrol ithal fiyatlarindaki degismeler dolayisiyla akaryakit urunlerinin yurtici fiyatlarinda meydana gelen degismelerin Turkiye'deki olasi enflasyonist ve/veya deflasyonist etkileri, Kibritcioglu ve Kibritcioglu (1999) tarafindan kuramsal ve olgusal bilgiler isiginda sematik ve ampirik...

Persistent link: https://www.econbiz.de/10005126125

THE BLACK ECONOMY IN TURKEY: AN EMPIRICAL INVESTIGATION

Halicioglu, Ferda - EconWPA - 2005

: Turkey. According to the monetary approach that this paper has also adopted, the size of the black economy in Turkey has an … scope for the black economy in Turkey since the tax burden is relatively low. And currently, the Turkish government is … trying to increase taxes, which may lead to a further expansion in the size of the black economy in Turkey. …

Persistent link: https://www.econbiz.de/10005126176