Aldan, Altan; Bozok, Ihsan; Gunay, Mahmut - Türkiye Cumhuriyet Merkez Bankası - 2012
We study the short-run dynamics of Turkish imports between 2003 and 2011 by applying Kalman filter to obtain time-varying parameters for income and exchange rate. In addition to total imports excluding energy, we use data based on broad economic activities in order to allow sectoral...