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Increasing Share of Agriculture in Employment in the Time of Crisis: Puzzle or Not? (Kriz Zamanlarinda Artan Tarim Istihdami: Bilmece mi, Degil mi? )

Sengul, Gonul; Ungor, Murat - Türkiye Cumhuriyet Merkez Bankası - 2011

In the first quarter of 2008, along with the beginning of the crisis, the employment share of agriculture in Turkey … productivity growth is needed as it is at the heart of the secular changes in employment shares in Turkey. …

Persistent link: https://www.econbiz.de/10009019462

How did the Turkish Industry Respond to Increased Competitive Pressures, 1998-2007?

Yilmaz, Gokhan; Gonenc, Rauf - Türkiye Cumhuriyet Merkez Bankası - 2008

specialisation patterns to Turkey’s, and from strong trend real currency appreciation that Turkey has experienced during this period …

Persistent link: https://www.econbiz.de/10005792696

Corporate Sector Debt Composition and Exchange Rate Balance Sheet Effect in Turkey

Kesriyeli, Mehtap; Ozmen, Erdal; Yigit, Serkan - Türkiye Cumhuriyet Merkez Bankası - 2005

-financial sectors in Turkey using the Company Accounts database compiled by the Central Bank of Turkey. The results from the panel EGLS …

Persistent link: https://www.econbiz.de/10005667264

Expectation Errors, Uncertainty And Economic Activity

Arslan, Yavuz; Atabek, Aslihan; Hulagu, Timur; Sahinoz, … - Türkiye Cumhuriyet Merkez Bankası - 2011

use a confidential firm level panel data set (Business Tendency Survey) from Turkey to form three uncertainty measures … on that firm's investment decisions. Ordered probit estimation results show that if a firm makes more expectation errors … -faces more uncertainty- it is more likely to defer investment plans even after controlling the aggregate uncertainty. …

Persistent link: https://www.econbiz.de/10009321845

News, Housing Boom-Bust Cycles, and Monetary Policy

Kanik, Birol; Xiao, Wei - Türkiye Cumhuriyet Merkez Bankası - 2014

We explore the possibility that a housing market boom-bust cycle may arise when public beliefs are driven by news shocks. News, imperfect and noisy by nature, may generate expectations that are overly optimistic or pessimistic. Over-optimism easily leads to excessive accumulation of housing...

Persistent link: https://www.econbiz.de/10010941450

Business Cycle Synchronization of Turkey with Euro Area and the US : What Has Changed After 2001?

Akkoyun, Huseyin Cagri; Gunay, Mahmut; Sen-Dogan, Bahar - Türkiye Cumhuriyet Merkez Bankası - 2012

In this paper, we make a detailed spectral analysis of the comovement of cycles of Turkish economy with cycles of euro area and the US. Relation between cycles may change with frequency, hence correlation of cycles at short, medium and long run may differ. Also, the correlation in different...

Persistent link: https://www.econbiz.de/10010941475

Cross Sectional Facts on Bank Balance Sheets over the Business Cycle

Abbasoglu, Osman Furkan; Genc, Serife; Mimir, Yasin - Türkiye Cumhuriyet Merkez Bankası - 2014

We investigate the cyclical behavior of banks' balance sheet variables for different size groups using bank-level Turkish data. We first rank banks based on the size of their assets, and then systematically document business cycle facts of various balance sheet items and profitability measures...

Persistent link: https://www.econbiz.de/10010941523

Role of Investment Shocks in Explaining Business Cycles in Turkey

Yuksel, Canan - Türkiye Cumhuriyet Merkez Bankası - 2013

This paper aims to understand the role of investment shocks in explaining output fluctuations observed in Turkish … Turkish economy and the role of investment shock is less spelled. …

Persistent link: https://www.econbiz.de/10010941531

Understanding Sectoral Growth Cycles and the Impact of Monetary Policy in the Turkish Manufacturing Industry (Turkiye Imalat Sanayinde Sektorel Buyume Cevrimleri ve Para Politikasi...

Sahinoz, Saygin; Cosar, Evren Erdogan - Türkiye Cumhuriyet Merkez Bankası - 2010

We pursue a two-fold objective in this paper. First, we try to describe comprehensively the behaviour of sectoral growth cycles in Turkish manufacturing by using several statistical measures and to analyse the co-movement between them via correlation and peak-through analysis. One of the...

Persistent link: https://www.econbiz.de/10008694921