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Analyzing the Present Sustainability of Turkey’s Current Account Position

Ogus, Ayla; Sohrabji, Niloufer - Ekonomi Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2008

In this paper we assess the present sustainability of Turkey’s current account position using the framework provided by Milesi-Ferretti and Razin (1996) based on the ability-to-pay and willingness-to-lend model. This framework allows us to assess the structural features and macroeconomic...

Persistent link: https://www.econbiz.de/10005558796

Intertemporal Solvency of Turkey’s Current Account

Binatli, Ayla Oğuş; Sohrabji, Niloufer - In: Panoeconomicus 59 (2012) 1, pp. 89-104

We test for sustainability of Turkey’s current account position between 1987 and 2009 using the intertemporal solvency model of Craig S. Hakkio and Mark Rush (1991) and Steven Husted (1992). According to this approach, the intertemporal budget constraint is satisfied if there is cointegration...

Persistent link: https://www.econbiz.de/10009651745

The private and public savings gaps in Malta and their impact on the current account

Grech, Aaron George - Volkswirtschaftliche Fakultät, … - 2000

Any difference that arises between the level of domestic saving and investment is reflected in the nation's current account position. Both domestic saving and investment can be sub-divided into private and public sector components, and gaps between these two variables can be easily computed....

Persistent link: https://www.econbiz.de/10009295276

How much depreciation of the US dollar for sustainability of the current accounts?

Ogawa, Eiji; Kudo, Takeshi - Institute of Economic Research, Hitotsubashi University - 2004

In this paper, we conduct a simulation analysis to investigate how much depreciation of the US dollar is needed to reduce the current account deficits in the near future. We use some VAR models to estimate relationships between the exchange rate of the US dollar and the current accounts in the...

Persistent link: https://www.econbiz.de/10005675465

Threshold adjustment in the current account : sustainability for danger zone economies?

Akdoğan, Kurmaş - In: Applied economics letters 21 (2014) 13/15, pp. 1006-1009

Persistent link: https://www.econbiz.de/10010418270

Current account sustainability and nonlinear adjustment

Akdoğan, Kurmaş; Husein, Jamal G. - In: Applied economics letters 29 (2022) 13, pp. 1182-1186

Persistent link: https://www.econbiz.de/10013412074

Stationarity and invertibility of a dynamic correlation matrix

McAleer, Michael - 2017 - Revised: September 2017

the stationarity and invertibility conditions of the DCC model. The derivation of DCC from a vector random coefficient … than the returns shocks. The derivation of the regularity conditions, especially stationarity and invertibility, should … than returns shocks, as well as the associated stationarity and invertibility conditions. …

Persistent link: https://www.econbiz.de/10011715983

Forecasting House Prices in the United States with Multiple Structural Breaks

Barari, Mahua; Sarkar, Nityananda; Kundu, Srikanta; … - In: International Econometric Review (IER) 6 (2014) 1, pp. 1-23

The boom-bust cycle in U.S. house prices has been a fundamental determinant of the recent financial crisis leading up to the Great Recession. The risky financial innovations in the housing market prior to the recent crisis fueled the speculative housing boom. In this backdrop, the main...

Persistent link: https://www.econbiz.de/10012610949

Business cycle non-linearities and productivity shocks

Piselli, Paolo - Banca d'Italia - 2004

The recent empirical evidence documenting the presence of asymmetries in business cycles represents a challenge for the standard equilibrium models of real business cycle. These models successfully explain most first and second moments of the actual time series, but cannot replicate non-linear...

Persistent link: https://www.econbiz.de/10005467299

Macroeconomic forecasting during the Great Recession: The return of non-linearity?

Ferrara, Laurent; Marcellino, Massimiliano; Mogliani, Matteo - C.E.P.R. Discussion Papers - 2013

The debate on the forecasting ability of non-linear models has a long history, and the Great Recession episode provides us with an interesting opportunity for a reassessment of the forecasting performance of several classes of non-linear models. We conduct an extensive analysis over a large...

Persistent link: https://www.econbiz.de/10011084637