Persistent current account deficits were observed in some developing countries that are received substantial foreign capital in the last decades. This has raised the issue of sustainability and increased the volume of studies about the measures of sustainable current account deficits in the...

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...

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...