Central Bank Review

2001 - 2025

From Research and Monetary Policy Department, Central Bank of the Republic of Turkey
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Informality and structural transformation pp. 117-126: Orhan Erem Atesagaoglu, Deniz Bayram and Ceyhun Elgin
Intergenerational disagreements in labor supply and optimal bequest taxation pp. 127-130: Hakki Yazici
Central bank independence and inflation in Africa: The role of financial systems and institutional quality pp. 131-146: Abel Mawuko Agoba, Joshua Abor, Kofi A. Osei and Jarjisu Sa-Aadu

Investor herds and oil prices evidence in the Gulf Cooperation Council (GCC) equity markets pp. 77-89: Talat Ulussever and Riza Demirer
Career choice and the strength of weak ties pp. 91-97: Semih Tumen
The effect of house price changes on cohort consumption in Turkey pp. 99-110: Evren Ceritoğlu
Heterogeneity across emerging market central bank reaction functions pp. 111-116: Mesut Turkay

Empirical investigation of purchasing power parity for Turkey: Evidence from recent nonlinear unit root tests pp. 39-45: Dilem Yildirim
Financial development convergence: New evidence for the EU pp. 47-54: Dilara Kilinc, Ünal Seven and Ibrahim Yetkiner
News impact for Turkish food prices pp. 55-76: Meltem Chadwick and Meltem Bastan

Assessing nominal GDP targeting in the South African context pp. 1-10: Kenneth Creamer and Robert Tregathen Botha
TFP growth in Turkey revisited: The effect of informal sector pp. 11-17: Orhan Erem Atesagaoglu, Ceyhun Elgin and Oguz Oztunali
Capital market and economic growth nexus: Evidence from Turkey pp. 19-29: Yener Coskun, Ünal Seven, Hasan Ertugrul and Talat Ulussever
An evaluation of inflation expectations in Turkey pp. 31-38: Barış Soybilgen and Ege Yazgan

A new estimation technique of sovereign default risk pp. 119-125: Mehmet Soytas and Engin Volkan
Estimating cost efficiency of Turkish commercial banks under unobserved heterogeneity with stochastic frontier models pp. 127-136: Hakan Gunes and Dilem Yildirim
Revisiting super-cycles in commodity prices pp. 137-142: Fatma Erdem and Ibrahim Unalmis
Responsiveness of monetary policy to financial stress in Turkey pp. 143-150: Ferhat Camlica

A brief assessment of Turkey's macroprudential policy approach: 2011â€“2015 pp. 85-92: Hakan Kara
Estimating light-vehicle sales in Turkey pp. 93-108: Ufuk Demiroglu and Çağlar Yüncüler
Informality as a stepping stone: A search-theoretical assessment of informal sector and government policy pp. 109-117: Semih Tumen

Does the central bank directly respond to output and inflation uncertainties in Turkey? pp. 53-57: Pelin Oge Guney
The role of the extensive margin in export of Turkey: A comparative analysis pp. 59-64: Altan Aldan and Olcay Yucel Culha
Time varying determinants of bond flows to emerging markets pp. 65-72: Yasemin Erduman and Neslihan Kaya
Labor productivity in the middle income trap and the graduated countries pp. 73-83: Gökhan Yılmaz

Resilience of emerging market economies to global financial conditions pp. 1-6: Turalay Kenc, Fatma Erdem and Ibrahim Unalmis
Beyond convergence: Poland and Turkey en route to high income pp. 7-17: Martin Raiser, Marina Wes and Ayberk Yilmaz
Poland's economic and social transformation 1989â€“2014 and contemporary challenges pp. 19-23: Stanislaw Gomulka
Not all credit is created equal: Mortgage vs non-mortgage debt and private saving rate in Turkey pp. 25-32: Cengiz Tunc and Abdullah Yavas
The relationship between stock and real estate prices in Turkey: Evidence around the global financial crisis pp. 33-40: Asli Yuksel
Pass-through of crude oil prices at different stages in Turkey pp. 41-51: Fatih Akcelik and Fethi Ogunc

The Relationship Between Central Bank Independence, Financial Freedom, and Economic Growth: A Panel ARDL Bounds Testing Approach pp. 1-14: Merter Akinci, Gonul Yuce Akinci and Omer Yilmaz
Nowcasting the Unemployment Rate in Turkey: Let's ask Google pp. 15-40: Meltem Chadwick and Gonul Sengul
Turkiye icin Finansal Kosullar Endeksi pp. 41-73: Hakan Kara, Pınar Özbay Özlü and Deren Ünalmış
Petrol Fiyatlarinin Enflasyona Geciskenligi Degisti mi? pp. 75-88: Halit Yanıkkaya, Huseyin Kaya and Doganbey Akgul
Enflasyon Rejimleri ve Uretici Enflasyonundan Tuketici Enflasyonuna Geciskenlik pp. 89-114: Zekeriya Yildirim

Foreign Currency Lending and Banking System Stability: New Evidence from Turkey pp. 1-29: Emre Ozsoz, Erick W. Rengifo and Ali Kutan
Cross Sectional Facts on Bank Balance Sheets over the Business Cycle pp. 31-60: Osman Abbasoğlu, Şerife Genç İleri and Yasin Mimir
A Review on the Relationship Between the Real Exchange Rate, Productivity, and Growth pp. 61-77: Hüseyin Özbilgin
Model Belirsizligi Altinda Doviz Kurunun Enflasyona Etkisi pp. 79-93: Dincer Dedeoglu and Huseyin Kaya

Reserve Option Mechanism: Does It Work As An Automatic Stablizer? pp. 1-18: Oguz Arslaner, Ugur Ciplak, Hakan Kara and Doruk Küçüksaraç
Assessment of Post-2003 Crude Oil Price Hike Through Wavelet Coherency Analysis pp. 19-38: Koray Kalafatcılar and Utku Ozmen
Domestic Savings-Investment Gap and Growth: A Cross-Country Panel Study pp. 39-63: Aytul Ganioglu and Cihan Yalcin
Farkli Belirsizlik Duzeylerinde Faiz Oraninin Makroekonomik Degiskenlere Etkileri: Turkiye Uzerine Etkilesimli Vektor Otoregresif Modeli Uygulamasi pp. 65-93: Afsin Sahin and Volkan Ülke
"House of Debt" by Atif Mian and Amir Sufi pp. 95-108: Hüseyin Özbilgin

Nominal GDP Targeting for Middle-Income Countries pp. 1-14: Jeffrey Frankel
The Effects of Demographic and Social Changes on Household Savings in Turkey pp. 15-33: Evren Ceritoğlu and Okan Eren
Unemployment and Vacancies in Turkey: The Beveridge Curve and Matching Function pp. 35-62: Birol Kanık, Enes Sunel and Temel Taskin
Estimating NAIRU for Turkey Using Extended Kalman Filter Approach pp. 63-94: Vuslat Us

Inflation-Industrial Growth Nexus in India â€“ A Revisit Through Continuous Wavelet Transform pp. 1-11: Aviral Tiwari, Arif Dar and Niyati Bhanja
Nufus Yapisindaki Degisimlerin Uzun Donem Konut Talebi Uzerindeki Etkileri pp. 13-29: Yavuz Arslan, Evren Ceritoğlu and Birol Kanık
GDP Growth in Turkey: Inclusive or Not? pp. 31-64: Temel Taskin
Tests of Rationality in Turkish Foreign Exchange Market pp. 65-78: Neslihan Topbas

In Search of a Reasonable Credit Growth Rate for Turkey pp. 1-14: Hakan Kara, Hande Kucuk, S. Tolga Tiryaki and Canan Yuksel
Do Inflation Expectations Converge Toward Inflation Target or Actual Inflation? Evidence from Expectation Gap Persistence pp. 15-21: Serkan Cicek and Cuneyt Akar
A Quest for Leading Indicators of the Turkish Unemployment Rate pp. 23-45: Burcu Gürcihan, Gonul Sengul and Arzu Yavuz
"The Bankersâ€™ New Clothes: Whatâ€™s Wrong with Banking and What to Do about It" by Anat Admati and Martin Hellwig pp. 47-55: S. Tolga Tiryaki