NDLI: Nominal Stylized Facts of Turkish Business Cycles

Content Provider	Semantic Scholar
Author	Alper, Carl E.
Copyright Year	1998
Abstract	This paper investigates the basic nominal stylized facts of business cycles in Turkey using monthly data from 1978:1 to 1997:7 and the methodology suggested by Kydland and Prescott (1990). In particular, correlations of the cyclical part of the data found using two different filtering techniques namely the Hodrick-Prescott filter and the twelve-month percentage change are obtained and the robustness of the results across these two techniques is evaluated. We see no clear-cut pattern for various measures of money. Price, inflation and interest rate series are all countercyclical giving support to a supply-driven model for the Turkish economy.
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://www.econ.boun.edu.tr/content/wp/ISS_EC_97_10.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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