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Intertemporal solvency of Turkey’s current account

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

We test for sustainability of Turkey’s current account position between 1992 and 2007 using the intertemporal solvency model of Hakkio and Rush (1991) and Husted (1992). This approach examines the relationship between exports and imports+ (which include imports, net interest and unilateral...

Persistent link: https://www.econbiz.de/10005558792

An Intertemporal Benchmark Model for Turkey’s Current Account

Ogus, Ayla; Sohrabji, Niloufer - Ekonomi Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2006

In this paper, we analyze the Turkish current account between 1992 and 2004 within an intertemporal benchmark model. Increasingly larger current account deficits in the Turkish economy have caused a great level of discussion of the current account but it has mainly focused on the real exchange...

Persistent link: https://www.econbiz.de/10005558793

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

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

Fiscal policy adjustments in the euro area stressed countries: new evidence from non-linear models with state-varying thresholds

De Santis, Roberto A.; Legrenzi, Gabriella; Milas, Costas - 2015

We introduce a non-linear model to study the adjustment of fiscal policy variables in Greece, Ireland, Portugal and Spain over the last 50 years, based on endogenously estimated budget deficit-to-GDP thresholds, which vary with fiscal disequilibria, the economic cycle and financial market...

Persistent link: https://www.econbiz.de/10011605903

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

Discriminating between fractional integration and spurious long memory

Haldrup, Niels; Kruse, Robinson - School of Economics and Management, University of Aarhus - 2014

Fractionally integrated processes have become a standard class of models to describe the long memory features of economic and financial time series data. However, it has been demonstrated in numerous studies that structural break processes and non-linear features can often be confused as being...

Persistent link: https://www.econbiz.de/10010851300

Semi-automatic Non-linear Model selection

Castle, Jennifer; Hendry, David - Department of Economics, Oxford University - 2013

We consider model selection for non-linear dynamic equations with more candidate variables than observations, based on a general class of non-linear-in-the-variables functions, addressing possible location shifts by impulse-indicator saturation. After an automatic search delivers a simplified...

Persistent link: https://www.econbiz.de/10011004135