Die Kaufpreise für Eigentumswohnungen sind seit Beginn des Jahres 2010 um durchschnittlich sechs Prozent gegenüber dem jeweiligen Vorjahresquartal gestiegen. Die Wachstumsraten der Mietpreise haben mit vier Prozent deutlich weniger zugenommen, liegen aber ebenfalls oberhalb der allgemeinen...

This study addresses the price convergence in two cities in Turkey (Istanbul and Ankara) using annual data over the three-quarters of the twentieth century (1922-1998), characterized by prevailing high inflation rates for most of the period. In contrast to the rest of the literature addressing...

In this paper we present explanation on the phenomenon pointed out in Cook and Manning (2002) on the unusual behaviour of the Dickey-Fuller test in the presence of trend misspecification. It appears that the rejection frequency of the unit root tests in the presence of trend misspecification is...

The present paper introduces the Bi-parameter Smooth Transition Autoregressive (BSTAR) model that generalizes the LSTR2 model, see Terasvirta (1998). In contrast to the LSTR2 model, which features the symmetric transition function, the BSTAR model is characterized by the asymmetric transition...