Observing that the Turkish Lira has appreciated against the US Dollar in the recent years in spite of the higher inflation rate in Turkey brings a question about the applicability of PPP to Turkish case. We provide Turkish Balance of Payments, an indicator of funds flow, as an explanatory factor...

We re-examine the link between financial development and economic growth in Russian Federation for the period 1994-2005. We use relatively new time series techniques to examine this relationship. When we control for the possible effects of monetary and fiscal policies on monetary aggregates and...

We examine whether volatility spillover between US equity and commodity markets has significantly changed with the heavy influx of index traders in commodity derivatives markets, which is a phenomenon referred to as financialization. Previous findings show that institutional traders enter...

There is increased interest in the dynamic relationships between the stock prices of clean energy and technology firms and oil prices in the literature. Existing works suggest a time-dependent link between them, but there is a gap of knowledge regarding the drivers of this time-dependent...

The purpose of this study is to uncover the impacts of macroeconomic risks on oil price uncertainty. We consider three sub-periods, the 2008 global financial crisis, post-global financial crisis, and COVID-19 crisis. A quantile regression model is employed to investigate the related impacts...

This paper investigates the effects of COVID-19 outbreak on Turkish gasoline market by employing daily gasoline consumption data covering 2014-2020 periods. The forecast performance of benchmark ARIMA models are evaluated for both before and after the outbreak. The best fit model forecasts fail...

Growing concerns about long-run equilibrium in the oil market have focused on understanding the time path of oil consumption across countries. This study examines the convergence of oil consumption across the largest oil consumers. To this end, we employ the historical oil consumption data...