Guney, Pelin Oge; Telatar, Erdinc; Hasanov, Mubariz - İktisat Bölumu, İktisadi ve İdari Bilimler Fakültesi - 2012
Stationarity properties of real interest rates are examined for 21 transition economies. Owing to transaction costs and other frictions, it is quite plausible that we deal with potential non-linearities in the real interest rate. Therefore we examine stationarity of real interest rate allowing...