This paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each...

This paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each...

In this paper, structural features of employment will be investigated between 1908 and 2008. In this period, in addition to general features of employment, structural features (structural transformation and the break point as sectoral, gender, age and nationality basis) including child and woman...

Calismanin temel amaci, coklu denge baglaminda beklentinin, belirsizligin ve inancin ekonomi uzerindeki etkisini olcmektir. Bu cercevede, Hamilton (1989) tarafindan gelistirilen, ekonometrik uygulamalarda yaygin olarak kullanilan ve rejim degisim modeli olarak bilinen Markov degisim modeline...

Fiyat seviyelerinin belirlenmesinde, FTPL teorisindeki geliþmeleri takiben miktar teorisinin eski mevcudiyeti sorgulanýr olmuþtur. FTPL Teorisi fiyat seviyelerinin sadece parasal büyüklüklerle deðil ayný zamanda maliye politikalarý etkisiyle de deðiþebileceðini göstermiþtir. FTPL...

In this study, volatility of sock return behavior through a regime-Switching Asymmetric Power GARCH Model (RS-APGARCH) analyses in Istanbul Stock Exchange (ISE), Turkey, during the period of 1988-2006 and show that ISE's asymmetric response and the intensity of this response to good and/or bad...