Working Papers

From Research and Monetary Policy Department, Central Bank of the Republic of Turkey
Contact information at EDIRC.
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1802: Export Behavior of Turkish Manufacturing Firms Under Crises

Aslihan Atabek Demi̇rhan and Hakan Ercan

1801: Foreign Currency Borrowing, Exports and Firm Performance: Evidence from a Currency Crisis

Spiros Bougheas, Hosung Lim, Simona Mateut, Paul Mizen and Cihan Yalcin

1721: The Empirical Content of Season-of-Birth Effects: An Investigation with Turkish Data

Huzeyfe Torun and Semih Tumen

1720: Do Subsidized Export Loans Increase Exports?

Yusuf Emre Akgunduz, Suleyman Kal and Huzeyfe Torun

1719: A Financial Connectedness Analysis for Turkey

Ferhat Camlica, Didem Gunes and Etkin Ozen

1718: Production Fragmentation and Factor Price Convergence

Hulya Saygili

1717: Evidence for the Explosive Behavior of Food and Energy Prices: Implications in Terms of Inflation Expectations

Aytul Ganioglu

1716: Regional Economic Growth in Turkey: The Effects of Physical, Social and Financial Infrastructure Investments

Hulya Saygili and Kazim Özdemir

1715: Forecasting the Growth Cycles of the Turkish Economy

Hüseyin Özbilgin

1714: Home-ownership, Housing Demand and Household Wealth Distribution in Turkey

Evren Ceritoğlu

1713: Credit Cycles and Capital Flows: Effectiveness of the Macroprudential Policy Framework in Emerging Market Economies

Salih Fendoglu

1712: Are Macroprudential Policies Effective Tools to Reduce Credit Growth in Emerging Markets?

Fatma Erdem, Etkin Ï¿½zen and Ibrahim Unalmis

1711: Volatility: As a Driving Factor of Stock Market Co-movement

Ali Gencay Ozbekler

1710: The Effect of House Price Changes on Cohort Consumption in Turkey

Evren Ceritoğlu

1709: Beef Price Volatility in Turkey: Can Import Policy Affect the Price and Its Uncertainty?

Meltem Chadwick and Emine Meltem Bastan

1708: Disaggregated Evidence for Exchange Rate and Import Price Pass-through in the Light of Identification Issues, Aggregation Bias and Heterogeneity

Utku Ozmen and Meltem Topaloglu

1707: Interdependencies across Sovereign Bond Credit Default Swap Markets

Derya Ezgi Kayalar, Irem Talasli and Ibrahim Unalmis

1706: Disentangling Age and Cohorts Effects on Home-Ownership and Housing Wealth in Turkey

Evren Ceritoğlu

1705: The Impact of Syrian Refugees on Natives' Labor Market Outcomes in Turkey: Evidence from a Quasi-Experimental Design

Evren Ceritoğlu, Burcu Gürcihan, Huzeyfe Torun and Semih Tumen

1704: Rebalancing Turkey�s Growth by Improving Resource Allocation and Productivity in Manufacturing

Aslihan Atabek Demi̇rhan, Dan Andrews and Rauf Gonenc

1703: Mean-Reversion in Unprocessed Food Prices

Kurmaş Akdoğan

1702: Rise of Services and Female Employment: Strength of the Relationship

Serife Genc Ileri and Gonul Sengul

1701: Self-Insurance and Consumption Risk-Sharing between Birth-Year Cohorts in Turkey

Evren Ceritoğlu

1628: Welfare Gains from Reducing the Implementation Delays in Public Investment

Hüseyin Özbilgin

1627: Estimating Light-Vehicle Sales in Turkey

Ufuk Demiroglu and Çağlar Yüncüler

1626: Childcare Prices and Maternal Employment: A Meta-Analysis

Yusuf Emre Akgunduz and Janneke Plantenga

1625: Real Wages and the Business Cycle in Turkey

Altan Aldan and Burcu Gürcihan

1624: Exports, Real Exchange Rates and External Exposures: Empirical Evidence from Turkish Manufacturing Firms

Nazli Toraganli and Cihan Yalcin

1623: Entrepreneurship in the Shadows: Wealth Constraints and Government Policy

Semih Tumen

1622: Ex-Ante Labor Market Effects of Compulsory Military Service

Huzeyfe Torun

1621: Co-movement of Exchange Rates with Interest Rate Differential, Risk Premium and FED Policy in �Fragile Economies�

Utku Ozmen and Erdal Yılmaz

1620: Job Security and Housing Credits

Kurmaş Akdoğan, Ayse Tatar and Ayse Arzu Yavuz

1619: Cyclical Variation of Fiscal Multiplier in Turkey

Cem Çebi and Kazim Özdemir

1618: Unemployment Hysteresis and Structural Change in Europe

Kurmaş Akdoğan

1617: Asymmetric Government Expenditure: A Comparison of Advanced and Developing Countries

Ali Askin Culha

1616: Firmalar�n Sabit Sermaye Yatirim Kararlarinin Analizi: Turkiye Imalat Sanayine Dair Bulgular

Evren Erdoğan Coşar

1615: Cross-Border Capital Flows in Emerging Markets: Demand-Pull or Supply-Push?

Kurmaş Akdoğan, Neslihan Kaya Eksi and Ozan Eksi

1614: Minimum Wage Effects on Labor Market Outcomes in Turkey

Burcu Gürcihan and Çağlar Yüncüler

1613: On Estimation of the Normalized CES Production Function for Turkey

Selen Başer Andıç

1612: A Dynamic Approach to Analyzing the Effect of the Global Crisis on Non-Performing Loans: Evidence from the Turkish Banking Sector

Vuslat Us

1611: Forecasting Turkish Real GDP Growth in a Data Rich Environment

Bahar Sen Dogan and Murat Midilic

1610: Does Multiplicity of Equilibria Arise in the Eaton-Gersovitz Model of Sovereign Default?

Yasin Onder

1609: Revisiting Capital Structure of Non-financial Public Firms in Turkey

Ramazan Karasahin and Doruk Küçüksaraç

1608: Faiz Koridoru ve Banka Faizleri: Parasal Aktarim Mekanizmasina Dair Bazi Bulgular

Mahir Binici, Hakan Kara and Pınar Özbay Özlü

1607: Search by Firms and Labor Market Policies

Gonul Sengul

1606: Life Satisfaction and Keeping up with Other Countries

Ozan Eksi and Neslihan Kaya Eksi

1605: The Impact of the ECB�s Conventional and Unconventional Monetary Policies on Stock Markets

Reinder Haitsma, Deren Ünalmış and Jakob de Haan

1604: Liquidity Management of Non-Financial Firms: Cash Holdings and Lines of Credit

Yavuz Arslan, Yunus Bulut, Tayyar Buyukbasaran and Gazi Kabaş

1603: A Hedonic House Price Index for Turkey

Timur Hulagu, Erdi Kizilkaya, Ali Gencay Ozbekler and Pinar Tunar

1602: In Pursuit of Understanding Markups in Restaurant Services Prices

Utku Ozmen