Asset Returns, Inflation and Real Activity: The Case of Mexico and Turkey

Kamil Yilmaz () and Sumru Altug ()

Working Papers from Koc University

Abstract: This study seeks to uncover the factors determining the dynamic behavior of key macroeconomic variables in two emerging market economies, Turkey and Mexico, from the late 1980's to the present. For this purpose, we analyze the behavior of real interest rates, real stock returns, inflation, industrial production, and the real exchange rate using a multivariate vector autoregression (VAR) model.

Keywords: INFLATION; TURKEY; MEXICO; INTEREST RATE; STOCK MARKET (search for similar items in EconPapers)
JEL-codes: E20 E30 (search for similar items in EconPapers)
Date: 1998

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fth:kocuni:1998/03

Access Statistics for this paper

More papers in Working Papers from Koc University
Address: Koc University. Intinye 80860. Istanbul Turkey
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().