Working Papers

From Research and Monetary Policy Department, Central Bank of the Republic of Turkey
Contact information at EDIRC.
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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

1601: Immigration and Prices: Quasi-Experimental Evidence from Syrian Refugees in Turkey

Binnur Balkan and Semih Tumen

1538: In Search of the Drivers of the Turkish Consumer Confidence

Tugrul Gurgur and Zubeyir Kilinc

1537: Imported Intermediate Goods and Product Innovation: Evidence from India

Murat Seker, Daniel Rodriguez Delgado and Mehmet Ulu

1536: Liquidity Crises, Liquidity Lines and Sovereign Risk

Yasin Onder

1535: Quantifying the Effects of Loan-to-Value Restrictions: Evidence from Turkey

Yavuz Arslan, Gazi Kabaş and Ahmet Ali Taskin

1534: Compulsory Schooling and Early Labor Market Outcomes in a Middle-Income Country

Huzeyfe Torun

1533: "I Just Ran Four Million Regressions" for Backcasting Turkish GDP Growth

Mahmut Gunay

1532: Has the Forecasting Performance of the Federal Reserve�s Greenbooks Changed over Time?

Ozan Eksi, Cuneyt Orman and Bedri Tas

1531: Importance of Foreign Ownership and Staggered Adjustment of Capital Outflows

Ozgur Ozel, Utku Ozmen and Erdal Yılmaz

1530: Sources of Asymmetry and Non-linearity in Pass-Through of Exchange Rate and Import Price to Consumer Price Inflation for the Turkish Economy during Inflation Targeting Regime

Suleyman Kal, Ferhat Arslaner and Nuran Arslaner

1529: Selective Immigration Policy and Its Impacts on Natives: A General Equilibrium Analysis

Şerife Genç İleri

1528: How Does a Shorter Supply Chain Affect Pricing of Fresh Food? Evidence from a Natural Experiment

Cevriye Aysoy, Duygu Halim Kirli and Semih Tumen