The aim of this study is to assess any regularity relative price dispersion for the effect of monetary policy tool selection. Central banks use tools such as interbank rate and exchange rate when pursuing their (monetary) policies. The selected tools affect economic variables differently. By...

This paper investigates output–employment relationships across different employment statuses and formal versus informal employment divisions for Turkey. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships between the...

This article assesses the effectiveness of a novel macroprudential tool – the reserve option mechanism (ROM) – which Turkey's central bank developed during the post-2008 period and has employed to control the risk associated with excessive capital flows. We assess how capital flows have...

In economics, some transactions are conducted by the bid rate, and some are conducted by the ask rate. The spread between these two rates creates an essential cost and inefficiency for the economy. Taking these problems into account, the purpose of this study was to analyze the effects of...

This paper assesses the presence of seasonal volatility in price indexes where a similar type of pattern has been reported in asset prices in financial markets. The empirical evidence from Turkey for the monthly period from 1987:01 to 2007:05 suggests the presence of seasonality in the...

In this article we have tried to assess the possible relationships between shuttle trade and the expletory variables, export (f.o.b.), import (c.i.f.) and CPI based real effective US dollar exchange rate. We employed monthly data of Turkey covering the years from 1996:01 to 2006:12 and...

The purpose of this paper is to assess the seasonal inflation uncertainties for a big open economy, the US, for the period from January 1947 to April 2008. The paper uses EGARCH model which includes volatility in the conditional mean equation capturing the short-term and long-term volatility...

The paper examines the response of inflation, wheat price changes and changes in the purchase quantity of the government. The study was conducted in Turkey, based on the secondary data collected from the Turkish Grain Board, Central Bank of the Republic of Turkey. The study shows that there is a...

During the economic crisis periods, due to the discouraged worker and added worker effects, we may not gather healthy information from the unemployment rates concerning the labor market. For this reason, it is claimed in the literature that the Labor Force Participation Rate (LFPR) may be a...