This study aims to analyse Turkish economy for the 2000-2012 term with emphasis on inflation dynamics within the framework of New Keynesian Phillips Curve (NKPC). The aim is to capture whether the inflation dynamics is explained by output gap and/or growth of output explanatory variables or...

The study aims to analyze US economy for the years 1990-2009 with emphasis on price adjustment dynamics and provide evidence on the business cycle mechanism. According to New Keynesian thinking major structural trait of the economy is non-clearing markets under imperfect competition with...

TO EXAMİNE THE STRUCTURE AND COMPETİTİVE POWER OF TURKİSH INDUSTRİAL PRODUCTION DURING THE FINANCİAL LIBERALIZATION PERIOD AND BRINGING ALTERNATIVE POLICY ADVICE, REALIZING COMPARATIVE COUNTRY ASSESSMENTS Exanine theoretical framework for the industrialization policies in Neoclassical,...

The study aims to analyze  Turkish economy for the period 2000-2012 with emphasis on hysteresis mechanism in labor markets. New Keynesian (NK) framework has natural rate (or Non Accelerating Inflation Rate of Unemploymet - NAIRU) vs alternative theory of hysteresis as  explanations for...