As an emerging economy, Turkey is an interesting case study because it was one of the hardest hit countries by the … fallout from the crisis, the Central Bank of the Republic of Turkey (CBRT) decreased policy rates by an astounding 1025 basis …

importance of precautionary saving in Turkey. The most difficult aspect of the empirical analysis is the approximation of labour …

market imperfections. This paper presents micro evidence on the credit market imperfections in Turkey and connects these … imperfections to macro movements. First part of the paper documents the aggregate boom-bust cycles in Turkey and shows that non …

finding is that the wages of females in Turkey are significantly more responsive to local unemployment rates than their male …

In the first quarter of 2008, along with the beginning of the crisis, the employment share of agriculture in Turkey … for an explanation of this phenomenon. Less to the attention of the debate, labor productivity in agriculture has been … productivity? We use a multi-sector general equilibrium model, in which employment share in agriculture is determined solely by the …

This paper estimates a New Keynesian open economy DSGE model for Turkey by using Bayesian estimation technique for the …