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Persistent link: https://www.econbiz.de/10011453203
This study aims to determine whether the traditional or portfolio approach is relevant for developing countries, by using the relationship between stock prices and exchange rates. For this purpose, cointegration (Pesaran et al., 2001) and causality tests (Toda Yamamoto, 1995) are used to examine...
Persistent link: https://www.econbiz.de/10008464847
In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have … been investigated. GARCH models are used to generate a measure of inflation uncertainty and quarterly data covers the … period of 1987:1-2003:3. According to the results from this study, inflation and inflation uncertainty are of negative …
Persistent link: https://www.econbiz.de/10010322130
Bu çalışmada, Türkiye'de enflasyon-ekonomik büyüme ilişkisi 1987:1-2003:2 dönemi için test edilmiştir. Çalışmadan elde edilen bulgulara göre; enflasyon ekonomik büyümeyi negative yönde etkilemektedir. Þöyle ki, enflasyon oranındaki %10'luk bir artış ekonomik büyümeyi %1.9...
Persistent link: https://www.econbiz.de/10010322148
Persistent link: https://www.econbiz.de/10013373850
Persistent link: https://www.econbiz.de/10011376225
Persistent link: https://www.econbiz.de/10011376229
Inflation compensation derived from nominal and real bond yields contains market based, real time information regarding … the inflation expectations and the pricing of inflation risks. In this study, we calculate inflation compensation by … estimating nominal and real yield curves for Turkish data. Event studies on inflation compensation calculated by using yield …
Persistent link: https://www.econbiz.de/10009407623
This paper examines the relationship between inflation and economic growth in Turkey. Quarterly data covers the period … of 1987:1-2003:2. According to the results from this study, inflation affects economic growth negatively. A 10% increase … in inflation rate would reduce growth rate by 1.9%. Furthermore, Granger causality analysis indicates that a …
Persistent link: https://www.econbiz.de/10011528974
In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have … been investigated. GARCH models are used to generate a measure of inflation uncertainty and quarterly data covers the … period of 1987:1-2003:3. According to the results from this study, inflation and inflation uncertainty are of negative …
Persistent link: https://www.econbiz.de/10011529067