Working Papers

From Research and Monetary Policy Department, Central Bank of the Republic of Turkey
Contact information at EDIRC.
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1527: Decomposition of Labor Productivity Growth: Middle Income Trap and Graduated Countries

Gökhan Yılmaz

1526: Estimating Income and Price Elasticity of Turkish Exports with Heterogeneous Panel Time-Series Methods

İhsan Bozok, Bahar Sen Dogan and Çağlar Yüncüler

1525: External Shocks, Banks and Monetary Policy in an Open Economy: Loss Function Approach

Yasin Mimir and Enes Sunel

1524: Not All Credit is Created Equal: Mortgage vs Non-mortgage Debt and Private Saving Rate in Turkey

Cengiz Tunc and Abdullah Yavas

1523: A Computable General Equilibrium Analysis of Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership on Chinese Economy

Buhara Aslan, Merve Mavus Kutuk and Arif Oduncu

1522: Export Behavior of the Turkish Manufacturing Firms

Aslihan Atabek Demi̇rhan

1521: Structure of Debt Maturity across Firm Types

Cuneyt Orman and Bülent Köksal

1520: Government Subsidized Individual Retirement System

Okan Eren and Şerife Genç İleri

1519: The Explanatory Power and the Forecast Performance of Consumer Confidence Indices for Private Consumption Growth in Turkey

Hatice Karasoy Can and Çağlar Yüncüler

1518: Firm Strategy, Consumer Behavior and Taxation in Turkish Tobacco Market

Oguz Atuk and Utku Ozmen

1517: International Risk Sharing and Portfolio Choice with Non-separable Preferences

Hande Kucuk and Alan Sutherland

1516: A Theory of Intra-Firm Group Design

Semih Tumen

1515: Government Spending Multiplier in Turkey

Cem Çebi

1514: Skill Acquisition in the Informal Economy and Schooling Decisions: Evidence from Emerging Economies

Semih Tumen

1513: Turkiye icin Finansal Kosullar Endeksi

Hakan Kara, Pınar Özbay Özlü and Deren Ünalmış

1512: The Dynamic Relationship Between Stock, Bond and Foreign Exchange Markets

Suleyman Kal, Ferhat Arslaner and Nuran Arslaner

1511: Anticipated vs. Unanticipated House Price Movements and Transaction Volume

Yavuz Arslan, Birol Kanık and Bülent Köksal

1510: An Empirical Analysis on the Export/Import Coverage Ratio in Turkey

Faruk Aydin, Yusuf Baskaya and Ufuk Demiroglu

1509: Optimal Resolution Procedures and Dividend Policy for Global-Systemically-Important-Banks

Ibrahim Ethem Guney

1508: Optimal Health Insurance in the Presence of Risky Health Behaviors

Osman Abbasoğlu

1507: Informal Versus Formal Search: Which Yields a Better Pay?

Semih Tumen

1506: Variable Selection for Inflation: A Pseudo Out-of-sample Approach

Selen Başer Andıç and Fethi Ogunc

1505: Social Interactions in Job Satisfaction

Semih Tumen and Tugba Zeydanli

1504: Interest Rate Surprises and Transmission Mechanism in Turkey: Evidence from Impulse Response Analysis

Kazim Özdemir

1503: Firma Maliyet Yapisi ve Maliyet Kaynakli Enflasyon Baskilari

Burcu Gürcihan and Fethi Ogunc

1502: Taxing Fossil Fuels under Speculative Storage

Semih Tumen, Deren Ünalmış, Ibrahim Unalmis and Filiz Unsal

1501: Liability Dollarization and Growth Performance of Non-Financial Firms in Turkey

Bengu Alp and Cihan Yalcin

1440: Joint Dynamics of House Prices and Foreclosures

Yavuz Aslan, Bulent Guler and Temel Taskin

1439: On the Uncertainty-Investment Relationship: An Overview with an Application to the Power Plant Investments in Turkish Electricity Sector

Erdal Yılmaz

1438: Reserve Option Mechanism: Does it Work as an Automatic Stabilizer?

Oguz Aslaner, Ugur Ciplak, Hakan Kara and Doruk Küçüksaraç

1437: Turkiye�de Enflasyonun Is Cevrimlerine Duyarliligi: Cikti Acigina Duyarli TUFE Alt Gruplarinin Saptanmasi

Oguz Atuk, Cem Aysoy, Utku Ozmen and Cagri Sarikaya

1436: On International Consumption Risk Sharing, Financial Integration and Financial Development

Yasin Mimir

1435: Unemployment Flows, Participation and the Natural Rate for Turkey

Gonul Sengul and Murat Tasci

1434: Firm-Size Wage Gaps along the Formal-Informal Divide: Theory and Evidence

Binnur Balkan and Semih Tumen

1433: Sectoral Asymmetries in a Small Open Economy

S. Tolga Tiryaki

1432: Consumer Tendency Survey of Turkey: A Disaggregated Analysis

Ece Oral and Turknur Brand

1431: Asymmetric Exchange Rate and Oil Price Pass-Through in Turkish Fuel Oil Market

Fatih Akcelik and Utku Ozmen

1430: Turkish Middle Income Trap and Less Skilled Human Capital

Gökhan Yılmaz

1429: The Structure of the Turkish Banking Sector Before and After the Global Crisis

Aytul Ganioglu and Vuslat Us

1428: Determinants of Bond Flows to Emerging Markets: How Do They Change Over Time?

Yasemin Erduman and Neslihan Kaya

1427: Firm Leverage and the Financial Crisis

Fatih Altunok and Arif Oduncu

1426: Determinants of Capital Structure: Evidence from a Major Developing Economy

Bülent Köksal and Cuneyt Orman

1425: Forward Guidance or Cacophony

Gamze Demiray, Yasin Onder and Ibrahim Unalmis

1424: Reserve Requirements, Liquidity Risk and Credit Growth

Koray Alper, Mahir Binici, Selva Demiralp, Hakan Kara and Pınar Özbay Özlü

1423: Identification of Monetary Policy Shocks in Turkey: A Structural VAR Approach

Mustafa Kilinc and Cengiz Tunc

1422: Is Gold a Safe Haven Against Equity Market Investment in Emerging and Developing Countries ?

Gozde Gurgun and Ibrahim Unalmis

1421: Credit Growth, Current Account and Financial Depth

Mehmet Ekinci, Fatma Erdem and Zubeyir Kilinc

1420: Inflation Dynamics in Turkey: In Pursuit of a Domestic Cost Measure

Selen Başer Andıç, Hande Kucuk and Fethi Ogunc

1419: Does Effectiveness of Macroprudential Policies on Banking Crisis Depend on Institutional Structure?

Aytul Ganioglu

1418: International Evidence on the Interaction between Cross-Border Capital Flows and Domestic Credit Growth

Yavuz Arslan and Temel Taskin