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Sumru Altug

Citations

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RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Altug, Sumru, 1989. "Time-to-Build and Aggregate Fluctuations: Some New Evidence," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 889-920, November.

    Mentioned in:

    1. > Schools of Economic Thought, Epistemology of Economics > Economic Methodology > Dynamic Stochastic General Equilibrium > Estimated DSGE Models
    2. > Econometrics > Time Series Models > Dynamic Factor Models > Structural Factor Models

Working papers

  1. Altug, Sumru & Dagher, Leila, 2023. "A Tale of Two Crises: Turkey of the Early Aughts and Today’s Lebanon," MPRA Paper 117600, University Library of Munich, Germany.

    Cited by:

    1. dagher, leila & altug, sumru, 2023. "The end game to Lebanon’s woes: IMF reform and political willingness," MPRA Paper 119192, University Library of Munich, Germany.

  2. dagher, leila & altug, sumru, 2023. "The end game to Lebanon’s woes: IMF reform and political willingness," MPRA Paper 119192, University Library of Munich, Germany.

    Cited by:

    1. dagher, leila & Nassar, fadi nicolas, 2023. "Lessons Learned from the Beirut Port Explosion," MPRA Paper 119404, University Library of Munich, Germany.

  3. Sumru Altug & Cem Cakmakli & Fabrice Collard & Sujoy Mukerji & Han Ozsoylev, 2020. "Online Appendix to "Ambiguous Business Cycles: A Quantitative Assessment"," Online Appendices 19-269, Review of Economic Dynamics.

    Cited by:

    1. Giulia Piccillo & Poramapa Poonpakdee, 2021. "Effects of Macro Uncertainty on Mean Expectation and Subjective Uncertainty: Evidence from Households and Professional Forecasters," CESifo Working Paper Series 9486, CESifo.
    2. Carbonari, Lorenzo & Maurici, Filippo, 2023. "Firm heterogeneity, financial frictions and ambiguity," Journal of Economic Dynamics and Control, Elsevier, vol. 155(C).
    3. Marco Carli, 2025. "Green Ambiguity," CEIS Research Paper 591, Tor Vergata University, CEIS, revised 05 Feb 2025.
    4. Christoph Bühren & Fabian Meier & Marco Pleßner, 2023. "Ambiguity aversion: bibliometric analysis and literature review of the last 60 years," Management Review Quarterly, Springer, vol. 73(2), pages 495-525, June.
    5. Giulia Piccillo & Poramapa Poonpakdee, 2023. "Ambiguous Business Cycles, Recessions and Uncertainty: A Quantitative Analysis," CESifo Working Paper Series 10646, CESifo.
    6. Hening Liu & Yuzhao Zhang, 2022. "Financial Uncertainty with Ambiguity and Learning," Management Science, INFORMS, vol. 68(3), pages 2120-2140, March.
    7. Alistair Macaulay & Chenchuan Shi, 2025. "Ambiguity Aversion, Portfolio Choice, and Life Expectancy," School of Economics Discussion Papers 0425, School of Economics, University of Surrey.
    8. Riccardo Rebonato & Riccardo Ronzani & Lionel Melin, 2023. "Robust management of climate risk damages," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-43, September.
    9. Cosmin L. Ilut & Martin Schneider, 2022. "Modeling Uncertainty as Ambiguity: a Review," NBER Working Papers 29915, National Bureau of Economic Research, Inc.
    10. Djeutem, Edouard & Xu, Shaofeng, 2025. "Return expectations across the wealth distribution," Journal of Mathematical Economics, Elsevier, vol. 118(C).
    11. Mao, Jie & Shen, Guanxiong & Yan, Jingzhou, 2023. "A continuous-time macro-finance model with Knightian uncertainty," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
    12. Chiaki Hara & Toshiki Honda, 2022. "Implied Ambiguity: Mean-Variance Inefficiency and Pricing Errors," Management Science, INFORMS, vol. 68(6), pages 4246-4260, June.

  4. Sumru Altug & Fabrice Collard & Cem Çakmakli & Sujoy Mukerji & Han Özsöylev, 2020. "Ambiguous business cycles: a quantitative assessment," Post-Print hal-03039262, HAL.

    Cited by:

    1. Giulia Piccillo & Poramapa Poonpakdee, 2021. "Effects of Macro Uncertainty on Mean Expectation and Subjective Uncertainty: Evidence from Households and Professional Forecasters," CESifo Working Paper Series 9486, CESifo.
    2. Carbonari, Lorenzo & Maurici, Filippo, 2023. "Firm heterogeneity, financial frictions and ambiguity," Journal of Economic Dynamics and Control, Elsevier, vol. 155(C).
    3. Marco Carli, 2025. "Green Ambiguity," CEIS Research Paper 591, Tor Vergata University, CEIS, revised 05 Feb 2025.
    4. Christoph Bühren & Fabian Meier & Marco Pleßner, 2023. "Ambiguity aversion: bibliometric analysis and literature review of the last 60 years," Management Review Quarterly, Springer, vol. 73(2), pages 495-525, June.
    5. Giulia Piccillo & Poramapa Poonpakdee, 2023. "Ambiguous Business Cycles, Recessions and Uncertainty: A Quantitative Analysis," CESifo Working Paper Series 10646, CESifo.
    6. Hening Liu & Yuzhao Zhang, 2022. "Financial Uncertainty with Ambiguity and Learning," Management Science, INFORMS, vol. 68(3), pages 2120-2140, March.
    7. Alistair Macaulay & Chenchuan Shi, 2025. "Ambiguity Aversion, Portfolio Choice, and Life Expectancy," School of Economics Discussion Papers 0425, School of Economics, University of Surrey.
    8. Riccardo Rebonato & Riccardo Ronzani & Lionel Melin, 2023. "Robust management of climate risk damages," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-43, September.
    9. Cosmin L. Ilut & Martin Schneider, 2022. "Modeling Uncertainty as Ambiguity: a Review," NBER Working Papers 29915, National Bureau of Economic Research, Inc.
    10. Djeutem, Edouard & Xu, Shaofeng, 2025. "Return expectations across the wealth distribution," Journal of Mathematical Economics, Elsevier, vol. 118(C).
    11. Mao, Jie & Shen, Guanxiong & Yan, Jingzhou, 2023. "A continuous-time macro-finance model with Knightian uncertainty," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
    12. Chiaki Hara & Toshiki Honda, 2022. "Implied Ambiguity: Mean-Variance Inefficiency and Pricing Errors," Management Science, INFORMS, vol. 68(6), pages 4246-4260, June.

  5. Sumru Altug & Melih Can Firat, 2018. "Borrowing Constraints and Savings in Turkey," Koç University-TUSIAD Economic Research Forum Working Papers 1804, Koc University-TUSIAD Economic Research Forum.

    Cited by:

    1. Hanna Kociemska & Franklin Obeng-Odoom & Leszek Patrzałek, 2025. "Public–private partnerships and human development," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 61(2), pages 85-96.
    2. Isil Erol, 2019. "New Geographies of Residential Capitalism: Financialization of the Turkish Housing Market Since the Early 2000s," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 43(4), pages 724-740, July.

  6. Sumru Altug & Fabio Canova, 2015. "Do Institutions and Culture Matter for Business Cycles?," Working Papers 627, Barcelona School of Economics.

    Cited by:

    1. Gnocchi, Stefano & Lagerborg, Andresa & Pappa, Evi, 2015. "Do labor market institutions matter for business cycles?," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 299-317.
    2. Dirk Bursian & Alfons Weichenrieder & Jochen Zimmer, 2015. "Trust in government and fiscal adjustments," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 22(4), pages 663-682, August.
    3. Fatma Pinar Erdem & Erdal Ozmen, 2014. "Exchange Rate Regimes and Business Cycles: An Empirical Investigation," ERC Working Papers 1404, ERC - Economic Research Center, Middle East Technical University, revised Jun 2014.
    4. Altug, Sumru & Tan, Barış & Gencer, Gözde, 2012. "Cyclical dynamics of industrial production and employment: Markov chain-based estimates and tests," Journal of Economic Dynamics and Control, Elsevier, vol. 36(10), pages 1534-1550.
    5. Canova, Fabio & Dallari, Pietro, 2013. "How important is tourism for the international transmission of cyclical fluctuations? Evidence from the Mediterranean," Working Paper Series 1553, European Central Bank.
    6. Ductor, Lorenzo & Leiva-Leon, Danilo, 2016. "Dynamics of global business cycle interdependence," Journal of International Economics, Elsevier, vol. 102(C), pages 110-127.
    7. N. Kundan Kishor & Salome Giorgadze, 2022. "Business cycle synchronization in the CIS region," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 30(1), pages 135-158, January.
    8. Michael D. Bordo & Pierre L. Siklos, 2015. "Central Bank Credibility: An Historical and Quantitative Exploration," NBER Working Papers 20824, National Bureau of Economic Research, Inc.
    9. Jorge David Quintero Otero & Alcides de Jesús Padilla Sierra, 2024. "Impacto de la sincronización sub-nacional sobre el comportamiento de los ciclos nacionales en economías emergentes con inflación objetivo," Documentos Departamento de Economía 54, Universidad del Norte.
    10. Benoit Dicharry & Lubica Stiblarova, 2023. "Positive externalities of the EU cohesion policy: Toward more synchronised CEE countries?," International Economics and Economic Policy, Springer, vol. 20(3), pages 485-508, July.
    11. Yasmeen, Rizwana & Tao, Rui & Jie, Wanchen & Padda, Ihtsham Ul Haq & Shah, Wasi Ul Hassan, 2022. "The repercussions of business cycles on renewable & non-renewable energy consumption structure: Evidence from OECD countries," Renewable Energy, Elsevier, vol. 190(C), pages 572-583.
    12. Sumru Altug & Fabio Canova, 2014. "Do Institutions and Culture Matter for Business Cycles?," Open Economies Review, Springer, vol. 25(1), pages 93-122, February.
    13. Palenzuela, Diego Rodriguez & Saiz, Lorena & Stoevsky, Grigor & Tóth, Máté & Warmedinger, Thomas & Grigoraș, Veaceslav, 2024. "The euro area business cycle and its drivers," Occasional Paper Series 354, European Central Bank.
    14. Bilin Neyapti, 2018. "Income distribution and economic crises," International Finance, Wiley Blackwell, vol. 21(3), pages 273-296, December.
    15. Canova, Fabio & Ciccarelli, Matteo, 2012. "ClubMed? Cyclical fluctuations in the Mediterranean basin," Journal of International Economics, Elsevier, vol. 88(1), pages 162-175.
    16. Samarina, Anna & Zhang, Lu & Bezemer, Dirk, 2017. "Credit cycle coherence in the eurozone: Was there a euro effect?," Journal of International Money and Finance, Elsevier, vol. 77(C), pages 77-98.
    17. Nieminen, Mika, 2015. "Trade imbalances within the euro area and with respect to the rest of the world," Economic Modelling, Elsevier, vol. 48(C), pages 306-314.
    18. Vadim Kufenko & Niels Geiger, 2017. "Stylized Facts of the Business Cycle: Universal Phenomenon, or Institutionally Determined?," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 13(2), pages 165-187, November.
    19. Bunel, Simon & Bijnens, Gert & Botelho, Vasco & Falck, Elisabeth & Labhard, Vincent & Lamo, Ana & Röhe, Oke & Schroth, Joachim & Sellner, Richard & Strobel, Johannes & Anghel, Brindusa, 2024. "Digitalisation and productivity," Occasional Paper Series 339, European Central Bank.

  7. Altug, Sumru & Çakmaklı, Cem, 2015. "Forecasting Inflation using Survey Expectations and Target Inflation: Evidence for Brazil and Turkey," CEPR Discussion Papers 10419, Centre for Economic Policy Research.

    Cited by:

    1. Oscar Claveria & Enric Monte & Salvador Torra, 2018. "“Tracking economic growth by evolving expectations via genetic programming: A two-step approach”," AQR Working Papers 201801, University of Barcelona, Regional Quantitative Analysis Group, revised Jan 2018.
    2. Dibyendu Maiti & Naveen Kumar & Debajit Jha & Soumyadipta Sarkar, 2024. "Post-COVID Recovery and Long-Run Forecasting of Indian GDP with Factor-Augmented Error Correction Model (FECM)," Computational Economics, Springer;Society for Computational Economics, vol. 63(3), pages 1095-1120, March.
    3. Claveria, Oscar & Monte, Enric & Torra, Salvador, 2021. "Frequency domain analysis and filtering of business and consumer survey expectations," International Economics, Elsevier, vol. 166(C), pages 42-57.
    4. Faisal Rachman, 2016. "Is Inflation Target Announced by Bank Indonesia the Most Accurate Inflation Forecast?," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 62, pages 98-120, August.
    5. Oscar Claveria & Enric Monte & Salvador Torra, 2019. "Evolutionary Computation for Macroeconomic Forecasting," Computational Economics, Springer;Society for Computational Economics, vol. 53(2), pages 833-849, February.
    6. Oscar Claveria & Enric Monte & Salvador Torra, 2020. "Spectral analysis of business and consumer survey data," IREA Working Papers 202006, University of Barcelona, Research Institute of Applied Economics, revised May 2020.
    7. Gilberto Boaretto & Marcelo C. Medeiros, 2023. "Forecasting inflation using disaggregates and machine learning," Papers 2308.11173, arXiv.org.
    8. Duncan, Roberto & Martínez-García, Enrique, 2019. "New perspectives on forecasting inflation in emerging market economies: An empirical assessment," International Journal of Forecasting, Elsevier, vol. 35(3), pages 1008-1031.
    9. Cem Cakmakli & Selva Demiralp, 2020. "A Dynamic Evaluation of Central Bank Credibility," Koç University-TUSIAD Economic Research Forum Working Papers 2015, Koc University-TUSIAD Economic Research Forum.
    10. Nibbering, Didier & Paap, Richard & van der Wel, Michel, 2018. "What do professional forecasters actually predict?," International Journal of Forecasting, Elsevier, vol. 34(2), pages 288-311.
    11. Fabrizio Almeida Marodin & Marcelo Savino Portugal, 2019. "Exchange Rate Pass-Through in Brazil: À Markov Switching DSGE Estimation for the Inflation Targeting Period," Russian Journal of Money and Finance, Bank of Russia, vol. 78(1), pages 36-66, March.
    12. Nyoni, Thabani & Nathaniel, Solomon Prince, 2018. "Modeling rates of inflation in Nigeria: an application of ARMA, ARIMA and GARCH models," MPRA Paper 91351, University Library of Munich, Germany.
    13. Tumala, Mohammed M & Olubusoye, Olusanya E & Yaaba, Baba N & Yaya, OlaOluwa S & Akanbi, Olawale B, 2017. "Forecasting Nigerian Inflation using Model Averaging methods: Modelling Frameworks to Central Banks," MPRA Paper 88754, University Library of Munich, Germany, revised Feb 2018.
    14. Carlos Medel, 2021. "Forecasting Brazilian Inflation with the Hybrid New Keynesian Phillips Curve: Assessing the Predictive Role of Trading Partners," Working Papers Central Bank of Chile 900, Central Bank of Chile.
    15. Oscar Claveria & Enric Monte & Salvador Torra, 2019. "Empirical modelling of survey-based expectations for the design of economic indicators in five European regions," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(2), pages 205-227, May.
    16. Xu, Kun & Cheng, Jian-hua & Xu, Wenli, 2016. "通胀及通胀预期冲击的动态特征分析 [Study on Dynamics of Inflation and Inflation Expectation Shocks in China]," MPRA Paper 71977, University Library of Munich, Germany.
    17. Oscar Claveria, 2021. "Forecasting with Business and Consumer Survey Data," Forecasting, MDPI, vol. 3(1), pages 1-22, February.
    18. Oscar Claveria & Enric Monte & Salvador Torra, 2017. "A new approach for the quantification of qualitative measures of economic expectations," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(6), pages 2685-2706, November.
    19. Cem Cakmakli & Hamza Demircan, 2020. "Using Survey Information for Improving the Density Nowcasting of US GDP with a Focus on Predictive Performance during Covid-19 Pandemic," Koç University-TUSIAD Economic Research Forum Working Papers 2016, Koc University-TUSIAD Economic Research Forum.
    20. Oscar Claveria & Enric Monte & Salvador Torra, 2017. "Let the data do the talking: Empirical modelling of survey-based expectations by means of genetic programming," IREA Working Papers 201711, University of Barcelona, Research Institute of Applied Economics, revised May 2017.
    21. Claveria, Oscar & Monte, Enric & Torra, Salvador, 2020. "Economic forecasting with evolved confidence indicators," Economic Modelling, Elsevier, vol. 93(C), pages 576-585.
    22. Oscar Claveria & Enric Monte & Salvador Torra, 2018. "A Data-Driven Approach to Construct Survey-Based Indicators by Means of Evolutionary Algorithms," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(1), pages 1-14, January.
    23. Kenourgios, Dimitris & Papadamou, Stephanos & Dimitriou, Dimitrios & Zopounidis, Constantin, 2020. "Modelling the dynamics of unconventional monetary policies’ impact on professionals’ forecasts," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 64(C).

  8. Altug, Sumru & Neyapti, Bilin & Emin, Mustafa, 2012. "Institutions and Business Cycles," CEPR Discussion Papers 8728, Centre for Economic Policy Research.

    Cited by:

    1. Gnocchi, Stefano & Lagerborg, Andresa & Pappa, Evi, 2015. "Do labor market institutions matter for business cycles?," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 299-317.
    2. Bursian, Dirk & Weichenrieder, Alfons J. & Zimmer, Jochen, 2013. "Trust in government and fiscal adjustments," SAFE Working Paper Series 22, Leibniz Institute for Financial Research SAFE.
    3. Fatma Pinar Erdem & Erdal Ozmen, 2014. "Exchange Rate Regimes and Business Cycles: An Empirical Investigation," ERC Working Papers 1404, ERC - Economic Research Center, Middle East Technical University, revised Jun 2014.
    4. Altug, Sumru & Tan, Barış & Gencer, Gözde, 2012. "Cyclical dynamics of industrial production and employment: Markov chain-based estimates and tests," Journal of Economic Dynamics and Control, Elsevier, vol. 36(10), pages 1534-1550.
    5. Canova, Fabio & Dallari, Pietro, 2013. "How important is tourism for the international transmission of cyclical fluctuations? Evidence from the Mediterranean," Working Paper Series 1553, European Central Bank.
    6. Ductor, Lorenzo & Leiva-Leon, Danilo, 2016. "Dynamics of global business cycle interdependence," Journal of International Economics, Elsevier, vol. 102(C), pages 110-127.
    7. N. Kundan Kishor & Salome Giorgadze, 2022. "Business cycle synchronization in the CIS region," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 30(1), pages 135-158, January.
    8. Jorge David Quintero Otero & Alcides de Jesús Padilla Sierra, 2024. "Impacto de la sincronización sub-nacional sobre el comportamiento de los ciclos nacionales en economías emergentes con inflación objetivo," Documentos Departamento de Economía 54, Universidad del Norte.
    9. Sumru Altug & Fabio Canova, 2015. "Do Institutions and Culture Matter for Business Cycles?," Working Papers 627, Barcelona School of Economics.
    10. Bilin Neyapti, 2018. "Income distribution and economic crises," International Finance, Wiley Blackwell, vol. 21(3), pages 273-296, December.
    11. Canova, Fabio & Ciccarelli, Matteo, 2012. "ClubMed? Cyclical fluctuations in the Mediterranean basin," Journal of International Economics, Elsevier, vol. 88(1), pages 162-175.
    12. Vadim Kufenko & Niels Geiger, 2017. "Stylized Facts of the Business Cycle: Universal Phenomenon, or Institutionally Determined?," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 13(2), pages 165-187, November.
    13. Sumru Altug & Erhan Uluceviz, 2011. "Leading Indicators of Real Activity and Inflation for Turkey, 2001-2010," Koç University-TUSIAD Economic Research Forum Working Papers 1134, Koc University-TUSIAD Economic Research Forum.

  9. Sumru Altug & Baris Tan & Gozde Gencer, 2011. "Cyclical Dynamics of Industrial Production and Employment: Markov Chain-based Estimates and Tests," Koç University-TUSIAD Economic Research Forum Working Papers 1101, Koc University-TUSIAD Economic Research Forum.

    Cited by:

    1. Kumar, Utkarsh & Ahmad, Wasim, 2024. "Navigating the “twin titans” of global manufacturing: The impact of US and China on industrial production forecasting in G20 nations," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
    2. Sumru Altug & Fabio Canova, 2015. "Do Institutions and Culture Matter for Business Cycles?," Working Papers 627, Barcelona School of Economics.
    3. Gürkan Bozma & Murat Akadg & Rahman Aydin, 2021. "Dynamic Relationships between Oil Price, Inflation and Economic Growth: A VARMA, GARCH-in-mean, asymmetric BEKK Model for Turkey," Economics Bulletin, AccessEcon, vol. 41(3), pages 1266-1281.

  10. Sumru Altug & Serdar Kabaca & Meltem Poyraz, 2011. "Search Frictions, Financial Frictions and Labor Market Fluctuations in Emerging Economies," Koç University-TUSIAD Economic Research Forum Working Papers 1136, Koc University-TUSIAD Economic Research Forum.

    Cited by:

    1. Andres Fernandez & Felipe Meza, 2015. "Informal Employment and Business Cycles in Emerging Economies: The Case of Mexico," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(2), pages 381-405, April.

  11. Sumru Altug & Erhan Uluceviz, 2011. "Leading Indicators of Real Activity and Inflation for Turkey, 2001-2010," Koç University-TUSIAD Economic Research Forum Working Papers 1134, Koc University-TUSIAD Economic Research Forum.

    Cited by:

    1. Burcu Gurcihan Yunculer & Gonul Sengul & Arzu Yavuz, 2014. "A Quest for Leading Indicators of the Turkish Unemployment Rate," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 14(1), pages 23-45.

  12. Altug, Sumru & Bildirici, Melike, 2010. "Business Cycles around the Globe: A Regime-switching Approach," CEPR Discussion Papers 7968, Centre for Economic Policy Research.

    Cited by:

    1. Daniel Cohen & Sébastien Villemot, 2012. "The sovereign default puzzle: Modelling issues and lessons for Europe," Working Papers halshs-00692038, HAL.
    2. Altug, Sumru & Neyapti, Bilin & Emin, Mustafa, 2012. "Institutions and Business Cycles," CEPR Discussion Papers 8728, Centre for Economic Policy Research.
    3. Jonathan Olusegun Famoroti & Omolade Adeleke, 2023. "Analysis of Wamz’s Economic Growth and Monetary Policy Using the Markov Switching Approach," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(4), pages 142-156, April.
    4. Bildirici, Melike E. & Gökmenoğlu, Seyit M., 2017. "Environmental pollution, hydropower energy consumption and economic growth: Evidence from G7 countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 68-85.
    5. Ozge Kandemir Kocaaslan, 2016. "Regime Nonstationarity and Nonlinearity in the Turkish Output Level," International Journal of Economics and Financial Issues, Econjournals, vol. 6(2), pages 503-507.
    6. Matteo Ciccarelli & Fabio Canova, 2015. "ClubMed? Cyclical Fluctuations in the Mediterranean Basin," Working Papers 532, Barcelona School of Economics.
    7. Adél Bosch & Franz Ruch, 2013. "An Alternative Business Cycle Dating Procedure for South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 81(4), pages 491-516, December.
    8. Ozdemir, Dicle, 2019. "Sectoral Business Cycle Asymmetries and Regime Shifts: Evidence from Turkey," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 26(2), December.
    9. Harald Schmidbauer & Angi Rösch & Erhan Uluceviz, 2012. "Connectedness Cycles in Equity Markets: A Wavelet Approach," EcoMod2012 4502, EcoMod.
    10. Afanasyeva, Elena, 2013. "Atypical behavior of credit: Evidence from a monetary VAR," IMFS Working Paper Series 70, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    11. Sumru Altug & Erhan Uluceviz, 2011. "Leading Indicators of Real Activity and Inflation for Turkey, 2001-2010," Koç University-TUSIAD Economic Research Forum Working Papers 1134, Koc University-TUSIAD Economic Research Forum.
    12. Sumru Altug & Serdar Kabaca & Meltem Poyraz, 2011. "Search Frictions, Financial Frictions and Labor Market Fluctuations in Emerging Economies," Koç University-TUSIAD Economic Research Forum Working Papers 1136, Koc University-TUSIAD Economic Research Forum.

  13. Sumru G. Altuğ & Fanny S. Demers & Michel Demers, 2007. "Political Risk and Irreversible Investment," Koç University-TUSIAD Economic Research Forum Working Papers 0707, Koc University-TUSIAD Economic Research Forum.

    Cited by:

    1. Dearmon, Jacob & Grier, Robin, 2011. "Trust and the accumulation of physical and human capital," European Journal of Political Economy, Elsevier, vol. 27(3), pages 507-519, September.
    2. Sulehri, Fiaz Ahmad & Ali, Amjad, 2020. "Impact of Political Uncertainty on Pakistan Stock Exchange (1990-1999): An Event Study Approach," MPRA Paper 104623, University Library of Munich, Germany.
    3. Marvasti, Akbar, 2013. "The role of price expectations and legal uncertainties in ocean mineral, exploration activities," Resources Policy, Elsevier, vol. 38(1), pages 68-74.
    4. Amihai Glazer & Stef Proost, 2008. "Signaling Commitment by Excessive Spending," Working Papers 070811, University of California-Irvine, Department of Economics.
    5. Filiztekin, Alpay & Altug, Sumru & Pamuk, Sevket, 2007. "The Sources of Long-term Economic Growth for Turkey, 1880-2005," CEPR Discussion Papers 6463, Centre for Economic Policy Research.
    6. Marie‐Claude Beaulieu & Jean‐Claude Cosset & Naceur Essaddam, 2006. "Political uncertainty and stock market returns: evidence from the 1995 Quebec referendum," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(2), pages 621-642, May.
    7. Graham, Roger C. & Morrill, Cameron K.J. & Morrill, Janet B., 2012. "Does it matter where assets are held and income is derived? Further evidence of differential value relevance from Quebec," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 21(2), pages 185-197.
    8. Wahl, Jack E. & Broll, Udo, 2009. "Mitigation of foreign Direct investment risk and hedging," Dresden Discussion Paper Series in Economics 13/09, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    9. Altug, Sumru & Demers, Fanny S. & Demers, Michel, 2009. "The investment tax credit and irreversible investment," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 509-522, December.

  14. Filiztekin, Alpay & Altug, Sumru & Pamuk, Sevket, 2007. "The Sources of Long-term Economic Growth for Turkey, 1880-2005," CEPR Discussion Papers 6463, Centre for Economic Policy Research.

    Cited by:

    1. Meltem İNCE YENİLMEZ, 2017. "What Determines Labour Movement from Turkey to Europe? Extent of the Situation and Implications," Sosyoekonomi Journal, Sosyoekonomi Society, issue 25(31).
    2. Nadide Gülbay Yiğiteli & Devran Şanlı, 2024. "Decomposition of total factor productivity growth in Türkiye regions: a panel stochastic frontier approach," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(2), pages 275-300, June.
    3. Cem Iskender Aydin & Gokhan Ozertan & Begum Ozkaynak, 2011. "Should Turkey Adopt GM Crops? A Social Multi-Criteria Evaluation for the Case of Cotton Farming in Turkey," Working Papers 2011/07, Bogazici University, Department of Economics.
    4. Attar, M. Aykut, 2013. "Growth and Demography in Turkey: Economic History vs. Pro-Natalist Rhetoric," MPRA Paper 47275, University Library of Munich, Germany.
    5. Mihai Macovei, 2009. "Growth and economic crises in Turkey: leaving behind a turbulent past?," European Economy - Economic Papers 2008 - 2015 386, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    6. Ṣebnem Kalemli-Özcan & Alex Nikolsko-Rzhevskyy & Jun Hee Kwak, 2010. "Does Trade Cause Capital to Flow? Evidence from Historical Rainfall," NBER Working Papers 16034, National Bureau of Economic Research, Inc.
    7. Erol Taymaz & Ebru Voyvoda & Kamil Yilmaz, 2008. "Turkiye Imalat Sanayiinde Yapisal Dönüsüm ve Teknolojik Degisme Dinamikleri," ERC Working Papers 0804, ERC - Economic Research Center, Middle East Technical University, revised Jun 2008.
    8. Üngör, Murat, 2014. "Some thought experiments on the changes in labor supply in Turkey," Economic Modelling, Elsevier, vol. 39(C), pages 265-272.
    9. Kayis, Aliye Atay & Gurel, Yesim Ucdogruk & Kilicaslan, Yilmaz & Sickles, Robin C., 2015. "Impact of ICT on the Productivity of the Firm: Evidence from Turkish Manufacturing," Working Papers 15-017, Rice University, Department of Economics.
    10. Murat Ungor, 2012. "A Production Function Method of Estimating the Output Gap," CBT Research Notes in Economics 1219, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    11. Murat Üngör & M. Koray Kalafatcılar, 2014. "Productivity, Demographics, and Growth in Turkey: 2004-12," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 3(1), pages 23-56, January.
    12. Ceyhun Elgin & Tolga Umut Kuzubas, 2012. "Wage-Productivity Gap in Turkish Manufacturing Sector," Working Papers 2012/03, Bogazici University, Department of Economics.
    13. Prados De La Escosura, Leandro & Roses, Joan R., 2020. "Accounting for growth: Spain, 1850-2019," LSE Research Online Documents on Economics 107506, London School of Economics and Political Science, LSE Library.
    14. Williamson, Jeffrey G. & O'Rourke, Kevin & ,, 2012. "The Spread of Manufacturing to the Poor Periphery 1870-2007," CEPR Discussion Papers 9060, Centre for Economic Policy Research.
    15. Sumru Altug & Melih Can Firat, 2018. "Borrowing Constraints and Savings in Turkey," Koç University-TUSIAD Economic Research Forum Working Papers 1804, Koc University-TUSIAD Economic Research Forum.
    16. İbrahim Tuğrul Çınar, 2023. "Regional development trap in Turkey: Can relatedness find a way out?," Papers in Regional Science, Wiley Blackwell, vol. 102(4), pages 817-850, August.
    17. M. Aykut Attar, 2018. "Economic Development in Turkey and South Korea: A Comparative Analysis," Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 32(1), pages 1-28.
    18. Agustín S. Bénétrix & Kevin H. O’Rourke & Jeffrey G. Williamson, 2012. "The Spread of Manufacturing to the Periphery 1870-2007: Eight Stylized Facts," Working Papers 0021, European Historical Economics Society (EHES).
    19. Attar, M. Aykut, 2016. "Economic Growth and Technological Progress in Turkey: An Analysis of Schumpeterian Mechanisms," MPRA Paper 73255, University Library of Munich, Germany.
    20. Leandro Prados de la Escosura, 2013. "World Human Development: 1870-2007," Working Papers 0034, European Historical Economics Society (EHES).
    21. Turan, Güngör, 2015. "Türkiye'de Büyüme ve İşsizlik [Growth and Unemployment in Turkey]," MPRA Paper 77773, University Library of Munich, Germany.
    22. Unal Zenginobuz & Sumru Altug, 2009. "What has been the Role of Investment in Turkey's Growth Performance?," Working Papers 2009/02, Bogazici University, Department of Economics.
    23. Harun Alp & Yusuf Soner Baskaya & Mustafa Kilinc & Canan Yuksel, 2012. "Stylized Facts for Business Cycles in Turkey," Working Papers 1202, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    24. Seven Ağır & Cihan Artunç, 2017. "Political Economy, Firm Survival and Entrepreneurship in Turkey: The Case of the Wealth Tax (1942)," ERC Working Papers 1707, ERC - Economic Research Center, Middle East Technical University, revised Jun 2017.
    25. Georges, Patrick & Seçkin, Aylin, 2016. "From pro-natalist rhetoric to population policies in Turkey? An OLG general equilibrium analysis," Economic Modelling, Elsevier, vol. 56(C), pages 79-93.
    26. Sengul Gonul & Üngör Murat, 2012. "Increasing Share of Agriculture in Employment in the Time of Crisis: Puzzle or Not?," Review of Middle East Economics and Finance, De Gruyter, vol. 7(3), pages 1-32, May.
    27. Martina Cioni & Giovanni Federico & Michelangelo Vasta, 2021. "Spreading Clio: a quantitative analysis of the first 25 years of the European Review of Economic History [Plague in seventeenth-century Europe and the decline of Italy: an epidemiological hypothesis]," European Review of Economic History, European Historical Economics Society, vol. 25(4), pages 618-644.
    28. Emanuele Felice & Josep Pujol Andreu, 2013. "GDP and life expectancy in Italy and Spain over the long-run (1861-2008): insights from a time-series approach," UHE Working papers 2013_06, Universitat Autònoma de Barcelona, Departament d'Economia i Història Econòmica, Unitat d'Història Econòmica.
    29. Fatma M. Utku-İsmihan, 2012. "The Role of Knowledge on Economic Growth: The Case of Turkey, 1963-2010," STPS Working Papers 1207, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised Sep 2012.
    30. Emre Atilgan & Dilek Kilic & Hasan Murat Ertugrul, 2017. "The dynamic relationship between health expenditure and economic growth: is the health-led growth hypothesis valid for Turkey?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 18(5), pages 567-574, June.
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    32. Sumru Altug & Melike Bildirici, 2010. "Business Cycles around the Globe: A Regime Switching Approach," Koç University-TUSIAD Economic Research Forum Working Papers 1009, Koc University-TUSIAD Economic Research Forum.
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  15. Altug, Sumru & Usman, Murat, 2004. "Spillover Effects, Bank Lending and Growth," CEPR Discussion Papers 4320, Centre for Economic Policy Research.

    Cited by:

    1. Paola Dongili, 2005. "Interdipendenza fra sistema reale e finanziario: una rilettura alla luce dell’insegnamento del prof. Menegazzi," Working Papers 29/2005, University of Verona, Department of Economics.

  16. Altug, Sumru & Demers, Fanny S & Demers, Michel, 2000. "Political Risk And Irreversible Investment: Theory And An Application To Quebec," CEPR Discussion Papers 2405, Centre for Economic Policy Research.

    Cited by:

    1. Sumru Altug & Michel Demers, 2001. "The Impact of Tax Risk and Persistence on Investment Decisions," Economics Bulletin, AccessEcon, vol. 5(1), pages 1-5.
    2. Marie‐Claude Beaulieu & Jean‐Claude Cosset & Naceur Essaddam, 2006. "Political uncertainty and stock market returns: evidence from the 1995 Quebec referendum," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(2), pages 621-642, May.
    3. Tirtiroglu, Dogan & Bhabra, Harjeet S. & Lel, Ugur, 2004. "Political uncertainty and asset valuation: Evidence from business relocations in Canada," Journal of Banking & Finance, Elsevier, vol. 28(9), pages 2237-2258, September.
    4. Spanjer, Aldo R., 2009. "Regulatory intervention on the dynamic European gas market--neoclassical economics or transaction cost economics?," Energy Policy, Elsevier, vol. 37(8), pages 3250-3258, August.

  17. Altug, Sumru G. & Filiztekin, Alpay, 1999. "Estimates of the Returns to Scale for US Manufacturing," CEPR Discussion Papers 2121, Centre for Economic Policy Research.

    Cited by:

    1. Gabriel J Felbermayr & Omar Licandro, 2002. "Embodied technical change in a two-sector AK model," Macroeconomics 0210001, University Library of Munich, Germany.

  18. Yilmaz, K. & Altug, S., 1998. "Asset Returns, Inflation and Real Activity: The Case of Mexico and Turkey," Papers 1998/03, Koc University.

    Cited by:

    1. Levent, Korap, 2007. "Structural VAR identification of the Turkish business cycles," MPRA Paper 21971, University Library of Munich, Germany.
    2. Levent, Korap, 2006. "An essay upon the business cycle facts: the Turkish case," MPRA Paper 21717, University Library of Munich, Germany.
    3. Altug, Sumru & Bildirici, Melike, 2010. "Business Cycles around the Globe: A Regime-switching Approach," CEPR Discussion Papers 7968, Centre for Economic Policy Research.
    4. Korap, Levent, 2010. "A small scaled business-cycle analysis of the Turkish economy: some counter-cyclical evidence using new income series," MPRA Paper 28647, University Library of Munich, Germany.
    5. Ozgur ASLAN & H. Levent KORAP, 2007. "Monetary Transmission Mechanism In An Open Economy Framework: The Case Of Turkey," Istanbul University Econometrics and Statistics e-Journal, Department of Econometrics, Faculty of Economics, Istanbul University, vol. 5(1), pages 41-66, May.

  19. Altug, S. & Miller, R.A., 1991. "Human Capital , Aggregate Shocks and Panel Data Estimation," GSIA Working Papers 1991-25, Carnegie Mellon University, Tepper School of Business.

    Cited by:

    1. Oliver LINTON, "undated". "Applied nonparametric methods," Statistic und Oekonometrie 9312, Humboldt Universitaet Berlin.

  20. Sumru Altug & Robert A. Miller, 1987. "Household choices in equilibrium," Working Papers 341, Federal Reserve Bank of Minneapolis.

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    1. Eva Ventura, 2003. "A note on Measurement Error and Euler Equations: an Alternative to Log-Linear Approximations," General Economics and Teaching 0312004, University Library of Munich, Germany.
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    3. Richard Blundell & Luigi Pistaferri & Ian Preston, 2004. "Imputing consumption in the PSID using food demand estimates from the CEX," IFS Working Papers W04/27, Institute for Fiscal Studies.
    4. Kris Jacobs, 2001. "Estimating Nonseparable Preference Specifications for Asset Market Participants," CIRANO Working Papers 2001s-12, CIRANO.
    5. Arreaza, Adriana & Sorensen, Bent E. & Yosha, Oved, 1997. "Consumption Smoothing Through Fiscal Policy in OECD and EU Countries," Foerder Institute for Economic Research Working Papers 275631, Tel-Aviv University > Foerder Institute for Economic Research.
    6. Francisco Alvarez-Cuadrado & Jose Maria Casado & Jose Maria Labeaga, 2016. "Envy and Habits: Panel Data Estimates of Interdependent Preferences," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(4), pages 443-469, August.
    7. Orazio P. Attanasio & James Banks & Costas Meghir & Guglielmo Weber, 1995. "Humps and Bumps in Lifetime Consumption," NBER Working Papers 5350, National Bureau of Economic Research, Inc.
    8. François Gardes & Greg Duncan & Patrice Gaubert & Marc Gurgand & Christophe Starzec, 2005. "Panel and Pseudo-Panel Estimation of Cross-Sectional and Time Series Elasticities of Food Consumption: The Case of American and Polish Data," Post-Print hal-00176109, HAL.
    9. Crawley, Edmund & Theloudis, Alexandros, 2024. "Income Shocks and their Transmission into Consumption," Discussion Paper 2024-012, Tilburg University, Center for Economic Research.
    10. Kevin X.D. Huang & Zheng Liu, 2005. "Temptation and Self-Control: Some Evidence from the Consumer Expenditure Survey," 2005 Meeting Papers 770, Society for Economic Dynamics.
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    133. Michał Brzoza-Brzezina & Jacek Suda, 2021. "Are DSGE models irreparably flawed?," Bank i Kredyt, Narodowy Bank Polski, vol. 52(3), pages 227-252.
    134. Meyer-Gohde, Alexander & Tzaawa-Krenzler, Mary, 2023. "Sticky information and the Taylor principle," IMFS Working Paper Series 189, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).

Articles

  1. Cem Çakmakli & Hamza Dem I˙rcani & Sumru Altug, 2021. "Modelling of Economic and Financial Conditions for Real‐Time Prediction of Recessions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(3), pages 663-685, June.

    Cited by:

    1. Gonzalez Rivera, Gloria & Rodríguez Caballero, Carlos Vladimir & Ruiz Ortega, Esther, 2021. "Expecting the unexpected: economic growth under stress," DES - Working Papers. Statistics and Econometrics. WS 32148, Universidad Carlos III de Madrid. Departamento de Estadística.
    2. Gloria González‐Rivera & C. Vladimir Rodríguez‐Caballero & Esther Ruiz, 2024. "Expecting the unexpected: Stressed scenarios for economic growth," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(5), pages 926-942, August.

  2. Oussama Abi Younes & Sumru Altug, 2021. "The COVID-19 Shock: A Bayesian Approach," JRFM, MDPI, vol. 14(10), pages 1-15, October.

    Cited by:

    1. Chang, Lei & Baloch, Zulfiqar Ali & Saydaliev, Hayot Berk & Hyder, Mansoor & Dilanchiev, Azer, 2022. "Testing oil price volatility during Covid-19: Global economic impact," Resources Policy, Elsevier, vol. 78(C).

  3. Merve Aksoylar Baysoy & Sumru Altug, 2021. "Growth Spillovers for the MENA Region: Geography, Institutions, or Trade?," The Developing Economies, Institute of Developing Economies, vol. 59(3), pages 275-305, September.

    Cited by:

    1. Mengjie Tian & Mingyong Hong & Ji Wang, 2023. "Land resources, market-oriented reform and high-quality agricultural development," Economic Change and Restructuring, Springer, vol. 56(6), pages 4165-4197, December.
    2. Ahmad, Mahyudin & Siong Hook, Law, 2022. "Financial development, institutions, and economic growth nexus: A spatial econometrics analysis using geographical and institutional proximities," MPRA Paper 114471, University Library of Munich, Germany.
    3. Guo, Shujian & Xu, Zhiduan & Ruanzhou, Yilong, 2025. "Are strong neighbors good neighbors? “Doing business” spatial spillover effects and policy learning," Journal of International Money and Finance, Elsevier, vol. 158(C).
    4. Mahyudin Ahmad & Stephen G. Hall, 2023. "The growth effects of economic and political institutions: new evidence from spatial econometrics analysis using historical-based institutional matrix," Economic Change and Restructuring, Springer, vol. 56(2), pages 749-780, April.
    5. Jianzhe Luo & Xianpu Xu & Lei Liu, 2025. "Identifying the Impact of Green Fiscal Policy on Urban Carbon Emissions: New Insights from the Energy Saving and Emission Reduction Pilot Policy in China," Sustainability, MDPI, vol. 17(17), pages 1-27, August.
    6. Nadeem Aljonaid & Ahmed Alwadeai & Osamah Ahmed AL-Maamari & Mohammed Jaboob & Abdo Al-Barakani & Hadi Mareeh, 2025. "Sectoral foreign aid and growth: spatial and temporal dynamics in a regional panel framework," Letters in Spatial and Resource Sciences, Springer, vol. 18(1), pages 1-24, December.

  4. Sumru Altug & Cem Cakmakli & Fabrice Collard & Sujoy Mukerji & Han Ozsoylev, 2020. "Ambiguous Business Cycles: A Quantitative Assessment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 220-237, October.
    See citations under working paper version above.
  5. Sumru Altug & Melih Can Firat, 2018. "Borrowing constraints and saving in Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 18(1), pages 1-11.
    See citations under working paper version above.
  6. Sumru Altug & Serdar Kabaca, 2017. "Search Frictions, Financial Frictions, and Labor Market Fluctuations in Emerging Markets," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 53(1), pages 128-149, January.

    Cited by:

    1. Pan, Zhifang & Qian, Zhenqiu & Cheng, Shihui, 2024. "Impact of trade frictions on economic costs and financial risks," Finance Research Letters, Elsevier, vol. 69(PA).
    2. Serdar Kabaca, 2014. "Labour Share Fluctuations in Emerging Markets: The Role of the Cost of Borrowing," Staff Working Papers 14-47, Bank of Canada.
    3. Horvath, Jaroslav & Yang, Guanyi, 2022. "Unemployment dynamics and informality in small open economies," European Economic Review, Elsevier, vol. 141(C).
    4. Dániel Baksa & István Kónya, 2021. "Convergence stories of post‐socialist Central‐Eastern European countries," Manchester School, University of Manchester, vol. 89(3), pages 239-258, June.
    5. Luke Lin & Wen-Yuan Lin, 2018. "Does the major market influence transfer? Alternative effect on Asian stock markets," Review of Quantitative Finance and Accounting, Springer, vol. 50(4), pages 1169-1200, May.
    6. U. Michael Bergman & Michael Hutchison, 2020. "Fiscal procyclicality in emerging markets: The role of institutions and economic conditions," International Finance, Wiley Blackwell, vol. 23(2), pages 196-214, August.

  7. Altug, Sumru & Çakmaklı, Cem, 2016. "Forecasting inflation using survey expectations and target inflation: Evidence for Brazil and Turkey," International Journal of Forecasting, Elsevier, vol. 32(1), pages 138-153.
    See citations under working paper version above.
  8. Altug, Sumru & Young, Warren, 2015. "Real Business Cycles After Three Decades," Macroeconomic Dynamics, Cambridge University Press, vol. 19(2), pages 425-445, March.

    Cited by:

    1. Jaroensathapornkul, Jirawat, 2020. "Impacts of Technological Shock on the Agricultural Business Cycle," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 54(1), pages 1-17.

  9. Sumru Altug & Fabio Canova, 2014. "Do Institutions and Culture Matter for Business Cycles?," Open Economies Review, Springer, vol. 25(1), pages 93-122, February.
    See citations under working paper version above.
  10. Sumru Altug & Erhan Uluceviz, 2013. "Identifying leading indicators of real activity and inflation for Turkey, 1988-2010: A pseudo out-of-sample forecasting approach," OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys, vol. 2014(1), pages 1-37.

    Cited by:

    1. Altug, Sumru & Çakmaklı, Cem, 2016. "Forecasting inflation using survey expectations and target inflation: Evidence for Brazil and Turkey," International Journal of Forecasting, Elsevier, vol. 32(1), pages 138-153.
    2. Selen Baser Andic & Fethi Ogunc, 2015. "Variable Selection for Inflation : A Pseudo Out-of-sample Approach," Working Papers 1506, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    3. Mahmut Günay, 2015. "Forecasting Turkish Industrial Production Growth With Static Factor Models," International Econometric Review (IER), Economic Research Association, vol. 7(2), pages 64-78, September.
    4. Sumru Altug & Cem Cakmakli, 2014. "Inflation Targeting and Inflation Expectations: Evidence for Brazil and Turkey," Koç University-TUSIAD Economic Research Forum Working Papers 1413, Koc University-TUSIAD Economic Research Forum.

  11. Sumru Altug & Bilin Neyapti & Mustafa Emin, 2012. "Institutions and Business Cycles," International Finance, Wiley Blackwell, vol. 15(3), pages 347-366, December.
    See citations under working paper version above.
  12. Sumru Altug & Melike Bildirici, 2012. "Business Cycles in Developed and Emerging Economies: Evidence from a Univariate Markov Switching Approach," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 48(6), pages 4-38, November.

    Cited by:

    1. Canova, Fabio & Altug, Sumru, 2013. "Do Institutions and Culture Matter for Business Cycles?," CEPR Discussion Papers 9382, Centre for Economic Policy Research.
    2. Calderón, César & Fuentes, J. Rodrigo, 2014. "Have business cycles changed over the last two decades? An empirical investigation," Journal of Development Economics, Elsevier, vol. 109(C), pages 98-123.
    3. Bildirici, Melike E. & Gökmenoğlu, Seyit M., 2017. "Environmental pollution, hydropower energy consumption and economic growth: Evidence from G7 countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 68-85.
    4. Berry A. Harahap & Pakasa Bary & Anggita Cinditya M. Kusuma, 2020. "The Determinants of Indonesia’s Business Cycle," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 215-235.
    5. Sumru Altug & Serdar Kabaca, 2014. "Search Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets," Staff Working Papers 14-35, Bank of Canada.
    6. Paweł Baranowski & Piotr Krajewski & Michał Mackiewicz & Agata Szymańska, 2016. "The Effectiveness of Fiscal Policy Over the Business Cycle: A CEE Perspective," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 52(8), pages 1910-1921, August.
    7. Saini, Seema & Ahmad, Wasim & Bekiros, Stelios, 2021. "Understanding the credit cycle and business cycle dynamics in India," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 988-1006.

  13. Altug, Sumru & Tan, Barış & Gencer, Gözde, 2012. "Cyclical dynamics of industrial production and employment: Markov chain-based estimates and tests," Journal of Economic Dynamics and Control, Elsevier, vol. 36(10), pages 1534-1550.
    See citations under working paper version above.
  14. Altug, Sumru & Demers, Fanny S. & Demers, Michel, 2009. "The investment tax credit and irreversible investment," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 509-522, December.

    Cited by:

    1. Isaac Baley & Andrés Blanco, 2022. "The long-run effects of corporate tax reforms," Economics Working Papers 1813, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Kai Chang & Ning Lu & Ze Sheng Li & Yi Ran Wang, 2021. "The combined impacts of fiscal and credit policies on green firm's investment opportunity: Evidences from Chinese firm‐level analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(7), pages 1822-1835, October.
    3. Matteo Ghilardi & Roy Zilberman, 2025. "Fiscal Uncertainty in Habit-Forming and Lumpy Economies," Working Papers 431361324, Lancaster University Management School, Economics Department.
    4. Isaac Baley & Andres Blanco, 2024. "The macroeconomics of irreversibility," Economics Working Papers 1897, Department of Economics and Business, Universitat Pompeu Fabra.
    5. Jie Mao & Chunhua Wang, 2016. "Tax incentives and environmental protection: evidence from China’s taxpayer-level data," China Finance and Economic Review, Springer, vol. 4(1), pages 1-30, December.
    6. Dimitrios Bermperoglou & Yota Deli & Sarantis Kalyvitis, 2019. "Investment Tax Incentives and Their Big Time-to-Build Fiscal Multiplier," Working Papers 201927, School of Economics, University College Dublin.
    7. Unal Zenginobuz & Sumru Altug, 2009. "What has been the Role of Investment in Turkey's Growth Performance?," Working Papers 2009/02, Bogazici University, Department of Economics.
    8. La-Bhus Fah Jirasavetakul & Mr. Antonio Spilimbergo, 2018. "Economic Policy Uncertainty in Turkey," IMF Working Papers 2018/272, International Monetary Fund.
    9. M. V. Chernovalova & I. M. Makarova, 2022. "Development of street lighting systems based on projects in the field of energy conservation and the use of alternative energy sources," Entrepreneur’s Guide, JSC “Publishing Agency “Science and Educationâ€, vol. 15(1).

  15. Altug, Sumru & Filiztekin, Alpay & Pamuk, Şevket, 2008. "Sources of long-term economic growth for Turkey, 1880–2005," European Review of Economic History, Cambridge University Press, vol. 12(3), pages 393-430, December.
    See citations under working paper version above.
  16. Sumru G. Altug & Fanny S Demers & Michel Demers, 2007. "Political Risk and Irreversible Investment," CESifo Economic Studies, CESifo Group, vol. 53(3), pages 430-465, September.
    See citations under working paper version above.
  17. Sumru Altug & Alpay Filiztekin, 2002. "Scale effects, time-varying markups, and the cyclical behaviour of primal and dual productivity," Applied Economics, Taylor & Francis Journals, vol. 34(13), pages 1687-1702.

    Cited by:

    1. Appelbaum, Elie, 1979. "Testing price taking behavior," Journal of Econometrics, Elsevier, vol. 9(3), pages 283-294, February.
    2. Filiztekin, Alpay & Altug, Sumru & Pamuk, Sevket, 2007. "The Sources of Long-term Economic Growth for Turkey, 1880-2005," CEPR Discussion Papers 6463, Centre for Economic Policy Research.
    3. Raurich, Xavier & Sala, Hector & Sorolla, Valeri, 2012. "Factor shares, the price markup, and the elasticity of substitution between capital and labor," Journal of Macroeconomics, Elsevier, vol. 34(1), pages 181-198.
    4. Pierre Lafourcade, 2003. "Asset prices and rents in a GE model with imperfect competition," Finance and Economics Discussion Series 2003-60, Board of Governors of the Federal Reserve System (U.S.).
    5. Klaus Wälde & Pia Weiss, 2004. "International Competition, Slim Firms and Wage Inequality," CESifo Working Paper Series 1254, CESifo.

  18. Sumru Altug & Michel Demers, 2001. "The Impact of Tax Risk and Persistence on Investment Decisions," Economics Bulletin, AccessEcon, vol. 5(1), pages 1-5.

    Cited by:

    1. Gries, Thomas & Prior, Ulrich & Sureth, Caren, 2007. "Taxation of risky investment and paradoxical investor behavior," arqus Discussion Papers in Quantitative Tax Research 26, arqus - Arbeitskreis Quantitative Steuerlehre.
    2. Rainer Niemann & Caren Sureth, 2011. "The Impact of Differential Capital Income Taxation on the Value of Risky Projects," Economics Bulletin, AccessEcon, vol. 31(2), pages 1047-1054.
    3. Schneider, Georg & Sureth, Caren, 2010. "The impact of profit taxation on capitalized investment with options to delay and divest," arqus Discussion Papers in Quantitative Tax Research 97, arqus - Arbeitskreis Quantitative Steuerlehre.
    4. Paolo M. Panteghini & Carlo Scarpa, 2003. "Irreversible Investments and Regulatory Risk," CESifo Working Paper Series 934, CESifo.
    5. Pawlina, Grzegorz & Kort, Peter M., 2005. "Investment under uncertainty and policy change," Journal of Economic Dynamics and Control, Elsevier, vol. 29(7), pages 1193-1209, July.

  19. Altuğ, Sumru & Ashley, Richard A. & Patterson, Douglas M., 1999. "Are Technology Shocks Nonlinear?," Macroeconomic Dynamics, Cambridge University Press, vol. 3(4), pages 506-533, December.

    Cited by:

    1. Fève, Patrick & Garcia Sanchez, Pablo & Moura, Alban & Pierrard, Olivier, 2019. "Costly default and asymetric real business cycles," TSE Working Papers 19-1048, Toulouse School of Economics (TSE).
    2. Domenico Ferraro & Giuseppe Fiori, 2023. "Search Frictions, Labor Supply, and the Asymmetric Business Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(1), pages 5-42, February.
    3. Duncan, Roberto, 2016. "Does the US current account show a symmetric behavior over the business cycle?," International Review of Economics & Finance, Elsevier, vol. 41(C), pages 202-219.
    4. Valderrama, Diego, 2007. "Statistical nonlinearities in the business cycle: A challenge for the canonical RBC model," Journal of Economic Dynamics and Control, Elsevier, vol. 31(9), pages 2957-2983, September.
    5. Altug, Sumru & Bildirici, Melike, 2010. "Business Cycles around the Globe: A Regime-switching Approach," CEPR Discussion Papers 7968, Centre for Economic Policy Research.
    6. Sean Holly & Paul Turner & Melvyn Weeks, 2003. "Asymmetric Adjustment and Bias in Estimation of an Equilibrium Relationship from a Cointegrating Regression," Computational Economics, Springer;Society for Computational Economics, vol. 21(3), pages 195-202, June.
    7. Diego Valderrama, 2002. "Nonlinearities in International Business Cycles," Working Paper Series 2002-23, Federal Reserve Bank of San Francisco.
    8. Domenico Ferraro, 2018. "The Asymmetric Cyclical Behavior of the U.S. Labor Market," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 145-162, October.
    9. Sumru Altug & Erhan Uluceviz, 2011. "Leading Indicators of Real Activity and Inflation for Turkey, 2001-2010," Koç University-TUSIAD Economic Research Forum Working Papers 1134, Koc University-TUSIAD Economic Research Forum.
    10. Gary D. Hansen & Edward C. Prescott, 2005. "Capacity constraints, asymmetries, and the business cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(4), pages 850-865, October.
    11. Randal J. Verbrugge, 1998. "A cross-country investigation of macroeconomic asymmetries," Macroeconomics 9809017, University Library of Munich, Germany, revised 30 Sep 1998.
    12. Diego Valderrama, 2003. "Statistical Nonlinearities in the Business Cycle," Computing in Economics and Finance 2003 219, Society for Computational Economics.

  20. Sumru Altuğ & Robert A. Miller, 1998. "The Effect of Work Experience on Female Wages and Labour Supply," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 65(1), pages 45-85.

    Cited by:

    1. Robert M. Sauer & Christopher Taber, 2021. "Understanding women's wage growth using indirect inference with importance sampling," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(4), pages 453-473, June.
    2. Adda, Jérôme & Dustmann, Christian & Stevens, Katrien, 2011. "The Career Costs of Children," IZA Discussion Papers 6201, IZA Network @ LISER.
    3. James Heckman & Lance Lochner & Ricardo Cossa, 2002. "Learning-By-Doing Vs. On-the-Job Training: Using Variation Induced by the EITC to Distinguish Between Models of Skill Formation," NBER Working Papers 9083, National Bureau of Economic Research, Inc.
    4. Dupuy, Arnaud & Fernández-Kranz, Daniel, 2007. "International Differences in the Family Gap in Pay: The Role of Labor Market Institutions," IZA Discussion Papers 2719, IZA Network @ LISER.
    5. Kris Jacobs, 2001. "Estimating Nonseparable Preference Specifications for Asset Market Participants," CIRANO Working Papers 2001s-12, CIRANO.
    6. Victor Aguirregabiria, 2006. "Another Look at the Identification of Dynamic Discrete Decision Processes: With an Application to Retirement Behavior," 2006 Meeting Papers 169, Society for Economic Dynamics.
    7. Toseef Azid & Muhammad Aslam & Muhammad Omer Chaudhary, 2001. "Poverty, Female Labour Force Participation, and Cottage Industry: A Case Study of Cloth Embroidery in Rural Multan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 40(4), pages 1105-1118.
    8. Lee, Donghoon & Wolpin, Kenneth I., 2010. "Accounting for wage and employment changes in the US from 1968-2000: A dynamic model of labor market equilibrium," Journal of Econometrics, Elsevier, vol. 156(1), pages 68-85, May.
    9. George-Levi Gayle & Prasanthi Ramakrishnan & Mariana Odio-Zúñiga, 2021. "Work, Leisure, and Family: From the Silent Generation to Millennials," Review, Federal Reserve Bank of St. Louis, vol. 103(4), pages 385-424, October.
    10. Scott, Paul, 2014. "Dynamic Discrete Choice Estimation of Agricultural Land Use," TSE Working Papers 14-526, Toulouse School of Economics (TSE).
    11. Khorunzhina, Natalia & Miller, Robert, 2019. "American dream delayed: shifting determinants of homeownership," MPRA Paper 94832, University Library of Munich, Germany.
    12. Mr. Sebastian Acevedo Mejia & Claudio Baccianti & Mr. Mico Mrkaic & Natalija Novta & Evgenia Pugacheva & Petia Topalova, 2019. "Weather Shocks and Output in Low-Income Countries: The Role of Policies and Adaptation," IMF Working Papers 2019/178, International Monetary Fund.
    13. George-Levi Gayle & Limor Golan & Mehmet A. Soytas, 2015. "What is the source of the intergenerational correlation in earnings?," Working Papers 2015-19, Federal Reserve Bank of St. Louis.
    14. Attanasio, O. & Low, H. & Sanchez-Marcos, V., 2004. "Explaining Changes in Female Labour Supply in a Life-cycle Model," Cambridge Working Papers in Economics 0451, Faculty of Economics, University of Cambridge.
    15. George-Levi Gayle & Limor Golan & Robert Miller, "undated". "Are There Glass Ceilings for Female Executives?," GSIA Working Papers 2009-E8, Carnegie Mellon University, Tepper School of Business.
    16. Aguirregabiria, Victor & Mira, Pedro, 2010. "Dynamic discrete choice structural models: A survey," Journal of Econometrics, Elsevier, vol. 156(1), pages 38-67, May.
    17. Manudeep Bhuller & Philipp Eisenhauer & Moritz Mendel, 2022. "Sequential Choices, Option Values, and the Returns to Education," Papers 2205.05444, arXiv.org, revised Jul 2024.
    18. Claudia Olivetti, 2005. "Changes in Women's Hours of Market Work: The Role of Returns to Experience," Boston University - Department of Economics - Macroeconomics Working Papers Series WP2005-008, Boston University - Department of Economics, revised Jun 2006.
    19. Sebastian Galiani & Juan Pantano, 2021. "Structural Models: Inception and Frontier," NBER Working Papers 28698, National Bureau of Economic Research, Inc.
    20. George-Levi Gayle & Limor Golan & Mehmet A. Soytas, 2015. "Estimation of Dynastic Life-Cycle Discrete Choice Models," Working Papers 2015-20, Federal Reserve Bank of St. Louis.
    21. Jeremy Greenwood & Nezih Guner & Guillaume Vandenbroucke, 2015. "Family Economics Writ Large," Economie d'Avant Garde Research Reports 26, Economie d'Avant Garde.
    22. George-Levi Gayle & Limor Golan & Mehmet A. Soytas, 2015. "What Accounts for the Racial Gap in Time Allocation and Intergenerational Transmission of Human Capital?," Working Papers 2015-18, Federal Reserve Bank of St. Louis.
    23. Atsuko Tanaka, "undated". "Estimation of the Effects of Statistical Discrimination on the Gender Wage Gap," Working Papers 2015-22, Department of Economics, University of Calgary, revised 21 Dec 2015.
    24. Salvador Balle & Amedeo Spadaro, 2006. "Optimal Nonlinear Labor Income Taxation in Dynamic Economies," Working Papers 19, ECINEQ, Society for the Study of Economic Inequality.
    25. Limor Golan & Carl Sanders & Jonathan James, 2019. "What Explains the Racial Gaps in Task Assignment and Pay Over the Life-Cycle?," 2019 Meeting Papers 320, Society for Economic Dynamics.
    26. Tsionas, Mike G. & Mallick, Sushanta K., 2019. "A Bayesian semiparametric approach to stochastic frontiers and productivity," European Journal of Operational Research, Elsevier, vol. 274(1), pages 391-402.
    27. Peter Arcidiacono & Patrick Bayer & Jason R. Blevins & Paul B. Ellickson, 2012. "Estimation of Dynamic Discrete Choice Models in Continuous Time with an Application to Retail Competition," NBER Working Papers 18449, National Bureau of Economic Research, Inc.
    28. Jaap H. Abbring & Øystein Daljord, 2020. "Identifying the discount factor in dynamic discrete choice models," Quantitative Economics, Econometric Society, vol. 11(2), pages 471-501, May.
    29. Hui Wen & George Deltas, 2022. "Global corporate social responsibility reporting regulation," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 98-123, January.
    30. Eckstein, Zvi & Lifshitz, Osnat, 2009. "Dynamic Female Labor Supply," IZA Discussion Papers 4550, IZA Network @ LISER.
    31. Natalia Khorunzhina & Robert A. Miller, 2022. "2021 Klein Lecture: American Dream Delayed: Shifting Determinants Of Homeownership," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(1), pages 3-35, February.
    32. Michael Keane, 2010. "Labor Supply and Taxes: A Survey," Working Paper Series 160, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    33. Srisuma, Sorawoot & Linton, Oliver, 2012. "Semiparametric estimation of Markov decision processes with continuous state space," Journal of Econometrics, Elsevier, vol. 166(2), pages 320-341.
    34. Kalouptsidi, Myrto & Scott, Paul T. & Souza-Rodrigues, Eduardo, 2018. "Linear IV Regression Estimators for Structural Dynamic Discrete Choice Models," CEPR Discussion Papers 13240, Centre for Economic Policy Research.
    35. Patricia Apps & Ray Rees, 2008. "Taxation, Labour Supply and Saving," CEPR Discussion Papers 590, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    36. Hema Yoganarasimhan, 2013. "The Value of Reputation in an Online Freelance Marketplace," Marketing Science, INFORMS, vol. 32(6), pages 860-891, November.
    37. González, Roberto & Sala, Hector, 2011. "The Frisch Elasticity in the Mercosur Countries: A Pseudo-Panel Approach," IZA Discussion Papers 5993, IZA Network @ LISER.
    38. Harris, Matthew, 2015. "The impact of body weight on occupational mobility and career development," MPRA Paper 61924, University Library of Munich, Germany.
    39. Dix-Carneiro, Rafael & Traiberman, Sharon, 2023. "Globalization, trade imbalances and inequality," Journal of Monetary Economics, Elsevier, vol. 133(C), pages 48-72.
    40. Haoying Wang & Guohui Wu, 2022. "Modeling discrete choices with large fine-scale spatial data: opportunities and challenges," Journal of Geographical Systems, Springer, vol. 24(3), pages 325-351, July.
    41. Geyer, Johannes & Steiner, Viktor, 2007. "Short-Run and Long-Term Effects of Childbirth on Mothers’ Employment and Working Hours Across Institutional Regimes: An Empirical Analysis Based on the European Community Household Panel," IZA Discussion Papers 2693, IZA Network @ LISER.
    42. Elizabeth M. Caucutt & Nezih Guner & John Knowles, 2002. "Why Do Women Wait? Matching, Wage Inequality, and the Incentives for Fertility Delay," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(4), pages 815-855, October.
    43. William Peterman, 2016. "The effect of endogenous human capital accumulation on optimal taxation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 21, pages 46-71, July.
    44. Khorunzhina, Natalia, 2013. "Structural estimation of stock market participation costs," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2928-2942.
    45. Daehaeng Kim & Chul-In Lee, 2007. "On-the-Job Human Capital Accumulation in a Real Business Cycle Model: Implications for Intertemporal Substitution Elasticity and Labor Hoarding," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(3), pages 494-518, July.
    46. Prowse, Victoria L., 2010. "Modeling Employment Dynamics with State Dependence and Unobserved Heterogeneity," IZA Discussion Papers 4889, IZA Network @ LISER.
    47. Peter Arcidiacono & Robert A. Miller, 2011. "Conditional Choice Probability Estimation of Dynamic Discrete Choice Models With Unobserved Heterogeneity," Econometrica, Econometric Society, vol. 79(6), pages 1823-1867, November.
    48. Shintaro Yamaguchi, 2016. "Effects of Parental Leave Policies on Female Career and Fertility Choices," Department of Economics Working Papers 2016-10, McMaster University.
    49. Houser, Daniel, 2003. "Bayesian analysis of a dynamic stochastic model of labor supply and saving," Journal of Econometrics, Elsevier, vol. 113(2), pages 289-335, April.
    50. Evgenia Kogan Dechter, 2014. "Maternity Leave, Effort Allocation, and Postmotherhood Earnings," Journal of Human Capital, University of Chicago Press, vol. 8(2), pages 97-125.
    51. Rania Gihleb & Osnat Lifshitz, 2021. "Online Appendix to "Dynamic Effects of Educational Assortative Mating on Labor Supply"," Online Appendices 18-468, Review of Economic Dynamics.
    52. Patricia Apps, 2009. "Tax Reform, Targeting and the Tax Burden on Women," CEPR Discussion Papers 609, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    53. Sauer, Robert M. & Taber, Christopher, 2017. "Indirect Inference with Importance Sampling: An Application to Women's Wage Growth," IZA Discussion Papers 11004, IZA Network @ LISER.
    54. Bruneel-Zupanc, Christophe Alain, 2021. "Discrete-Continuous Dynamic Choice Models: Identification and Conditional Choice Probability Estimation," TSE Working Papers 21-1185, Toulouse School of Economics (TSE).
    55. Patricia Apps, 2007. "Taxation And Labour Supply," CEPR Discussion Papers 560, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    56. Sharon Traiberman, 2019. "Occupations and Import Competition: Evidence from Denmark," American Economic Review, American Economic Association, vol. 109(12), pages 4260-4301, December.
    57. Andrés Hincapié, 2020. "Entrepreneurship Over The Life Cycle: Where Are The Young Entrepreneurs?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 617-681, May.
    58. Sebastien Buttet & Alice Schoonbroodt, 2013. "An accounting exercise for the shift in life-cycle employment profiles of married women born between 1940 and 1960 [Eine Bilanzierung der Verschiebungen der Lebensverlauf-Beschäftigungsprofile von verheirateten Frauen der Jahrgänge zwischen 1940 u," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 46(3), pages 253-271, September.
    59. James J. Heckman, 2005. "Micro Data, Heterogeneity and the Evaluation of Public Policy Part 2," The American Economist, Sage Publications, vol. 49(1), pages 16-44, March.
    60. Myrto Kalouptsidi & Paul T. Scott & Eduardo Souza-Rodrigues, 2018. "Linear IV Regression Estimators for Structural Dynamic Discrete Choice Models," NBER Working Papers 25134, National Bureau of Economic Research, Inc.
    61. Georg-Levi Gayle & Limor Golan & Mehmet A. Soytas, "undated". "Estimating the Returns to Parental Time Investment in Children Using a Life Cycle Dynastic Model," GSIA Working Papers 2011-E18, Carnegie Mellon University, Tepper School of Business.
    62. Shao, Shuai & Yang, Zhenbing & Xu, Le & Yang, Lili, 2024. "Environmental protection experience of secretaries and effectiveness of environmental governance: Evidence from COD discharge in China," Journal of Economic Behavior & Organization, Elsevier, vol. 220(C), pages 237-253.
    63. Patricia Apps & Ray Rees, 2010. "Australian Family Tax Reform and the Targeting Fallacy," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 43(2), pages 153-175, June.
    64. Keane, Michael P. & Todd, Petra E. & Wolpin, Kenneth I., 2011. "The Structural Estimation of Behavioral Models: Discrete Choice Dynamic Programming Methods and Applications," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 4, pages 331-461, Elsevier.
    65. Yongsung Chang & Joao Gomes & Frank Schorfheide, 2002. "Learning by Doing as a Propagation Mechanism," Macroeconomics 0204002, University Library of Munich, Germany.
    66. Gao, Han, 2025. "Social security and female labor supply in China," Journal of Economic Behavior & Organization, Elsevier, vol. 238(C).
    67. Patrick Bajari & Chenghuan Sean Chu & Denis Nekipelov & Minjung Park, 2016. "Identification and semiparametric estimation of a finite horizon dynamic discrete choice model with a terminating action," Quantitative Marketing and Economics (QME), Springer, vol. 14(4), pages 271-323, December.
    68. Limor Golan & George-Levi Gayle, 2008. "Estimating a Dynamic Adverse-Selection Model: Labor-Force Experience and the Changing Gender Earnings Gap 1968-93," 2008 Meeting Papers 301, Society for Economic Dynamics.
    69. Shintaro Yamaguchi, 2012. "Tasks and Heterogeneous Human Capital," Journal of Labor Economics, University of Chicago Press, vol. 30(1), pages 1-53.
    70. George‐Levi Gayle & Chen Li & Robert A. Miller, 2022. "Was Sarbanes–Oxley Costly? Evidence from Optimal Contracting on CEO Compensation," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 60(4), pages 1189-1234, September.
    71. Atsuko Tanaka, "undated". "Employer Loyalty, Training, and Female Labor Supply," Working Papers 2015-27, Department of Economics, University of Calgary, revised 25 Mar 2016.
    72. Barton H. Hamilton & Andrés Hincapié & Robert A. Miller & Nicholas W. Papageorge, 2021. "Innovation And Diffusion Of Medical Treatment," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(3), pages 953-1009, August.
    73. Elizabeth M. Caucutt & Nezih Guner & John Knowles, 2001. "The Timing of Births: A Marriage Market Analysis," Penn CARESS Working Papers 49355d43c11f2314075e8b54e, Penn Economics Department.
    74. Camargo, Bráz Ministério de & Pastorino, Elena, 2012. "Career concerns: a human capital perspective," Textos para discussão 288, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    75. Joan Llull, 2015. "Immigration, Wages, and Education: A Labor Market Equilibrium Structural Model," Working Papers 711, Barcelona School of Economics.
    76. Peter Arcidiacono & Paul B. Ellickson, 2011. "Practical Methods for Estimation of Dynamic Discrete Choice Models," Annual Review of Economics, Annual Reviews, vol. 3(1), pages 363-394, September.
    77. Musab Kurnaz & Mehmet Soytas, 2019. "Early Childhood Investment and Income Taxation," 2019 Meeting Papers 290, Society for Economic Dynamics.
    78. Kurnaz, Musab & Soytas, Mehmet A., 2025. "Intergenerational income mobility and income taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 176(C).
    79. Yamaguchi, Shintaro, 2016. "Effects of Parental Leave Policies on Female Career and Fertility Choices," CEI Working Paper Series 2016-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    80. Andres Erosa & Luisa Fuster & Diego Restuccia, 2002. "Fertility Decisions and Gender Differences in Labor Turnover, Employment, and Wages," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(4), pages 856-891, October.
    81. Donghoon Lee & Kenneth I. Wolpin, 2004. "Intersectoral Labor Mobility and the Growth of the Service Sector," PIER Working Paper Archive 04-036, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    82. Scott French & Tess Stafford, 2026. "Returns to Experience and the Elasticity of Labor Supply," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 60, April.
    83. Ali, Syed Zahid & Anwar, Sajid & Valadkhani, Abbas, 2012. "Macroeconomic consequences of increased productivity in less developed economies," Economic Modelling, Elsevier, vol. 29(3), pages 621-631.
    84. Gayle, George-Levi & Viauroux, Christelle, 2007. "Root-N consistent semiparametric estimators of a dynamic panel-sample-selection model," Journal of Econometrics, Elsevier, vol. 141(1), pages 179-212, November.
    85. Kasahara, Hiroyuki & Shimotsu, Katsumi, 2008. "Pseudo-likelihood estimation and bootstrap inference for structural discrete Markov decision models," Journal of Econometrics, Elsevier, vol. 146(1), pages 92-106, September.
    86. Kalouptsidi, Myrto & Scott, Paul T. & Souza-Rodrigues, Eduardo, 2021. "Linear IV regression estimators for structural dynamic discrete choice models," Journal of Econometrics, Elsevier, vol. 222(1), pages 778-804.
    87. Salvador Ball & Amadéo Spadaro, 2006. "Optimal nonlinear labor income taxation in dynamic economies," Working Papers halshs-00590555, HAL.
    88. Shintaro Yamaguchi, 2015. "Effects of Parental Leave Policies on Female Career and Fertility Choices," Working Papers e096, Tokyo Center for Economic Research.
    89. Victor Aguirregabiria, 2005. "Another Look at the Identification of Dynamic Discrete Decision Processes," Econometrics 0504006, University Library of Munich, Germany.
    90. Hiroyuki Kasahara & Katsumi Shimotsu, 2018. "Estimation of Discrete Choice Dynamic Programming Models," The Japanese Economic Review, Springer, vol. 69(1), pages 28-58, March.
    91. Dorothée Averkamp & Christian Bredemeier & Falko Juessen, 2024. "Decomposing gender wage gaps: a family economics perspective," Scandinavian Journal of Economics, Wiley Blackwell, vol. 126(1), pages 3-37, January.
    92. Arcidiacono, Peter & Miller, Robert A., 2020. "Identifying dynamic discrete choice models off short panels," Journal of Econometrics, Elsevier, vol. 215(2), pages 473-485.

  21. Altug, Sumru, 1993. "Time-to-Build, Delivery Lags, and the Equilibrium Pricing of Capital Goods," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(3), pages 301-319, August.

    Cited by:

    1. International Monetary Fund, 2008. "Benin: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2008/084, International Monetary Fund.
    2. Lars-Alexander Kuehn, 2007. "Time-to-Build and Asset Prices," 2007 Meeting Papers 1015, Society for Economic Dynamics.
    3. Edge, Rochelle M., 2007. "Time-to-build, time-to-plan, habit-persistence, and the liquidity effect," Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1644-1669, September.
    4. Unal Zenginobuz & Sumru Altug, 2009. "What has been the Role of Investment in Turkey's Growth Performance?," Working Papers 2009/02, Bogazici University, Department of Economics.
    5. Altug, Sumru & Demers, Fanny S. & Demers, Michel, 2009. "The investment tax credit and irreversible investment," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 509-522, December.
    6. Jonathan N. Millar, 2005. "Gestation lags for capital, cash flows, and Tobin's Q," Finance and Economics Discussion Series 2005-24, Board of Governors of the Federal Reserve System (U.S.).
    7. Stephen Murchison & Andrew Rennison & Zhenhua Zhu, 2004. "A Structural Small Open-Economy Model for Canada," Staff Working Papers 04-4, Bank of Canada.
    8. Charles Himmelberg & Alessandra del Boca & Marzio Galeotti & Paola Rota, 2005. "Investment and Time to Plan: A Comparison of Structures vs. Equipment in a Panel of Italian Firms," Working Papers 2005.54, Fondazione Eni Enrico Mattei.
    9. Montgomery, Michael R., 1995. "'Time-to-build' completion patterns for nonresidential structures, 1961-1991," Economics Letters, Elsevier, vol. 48(2), pages 155-163, May.

  22. Altug, Sumru, 1992. "Is strategic behavior by a dominant trader with inside information always optimal?," Economics Letters, Elsevier, vol. 39(3), pages 301-304, July.

    Cited by:

    1. Agastya, Murali, 2003. "Insider Trading, Informational Effciency and Allocative Effciency," Working Papers 6, University of Sydney, School of Economics.

  23. Altug, Sumru & Miller, Robert A, 1990. "Household Choices in Equilibrium," Econometrica, Econometric Society, vol. 58(3), pages 543-570, May.
    See citations under working paper version above.
  24. Altug, Sumru, 1989. "Time-to-Build and Aggregate Fluctuations: Some New Evidence," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(4), pages 889-920, November.
    See citations under working paper version above.

Software components

  1. Sumru Altug & Cem Cakmakli & Fabrice Collard & Sujoy Mukerji & Han Ozsoylev, 2020. "Code and data files for "Ambiguous Business Cycles: A Quantitative Assessment"," Computer Codes 19-269, Review of Economic Dynamics.
    See citations under working paper version above.Sorry, no citations of software components recorded.

Chapters

    Sorry, no citations of chapters recorded.

Books

  1. Sumru G Altug, 2009. "Business Cycles:Fact, Fallacy and Fantasy," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6934.

    Cited by:

    1. Schmidbauer, Harald & Rösch, Angi & Uluceviz, Erhan, 2017. "Frequency aspects of information transmission in a network of three western equity markets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 486(C), pages 933-946.
    2. Altug, Sumru & Neyapti, Bilin & Emin, Mustafa, 2012. "Institutions and Business Cycles," CEPR Discussion Papers 8728, Centre for Economic Policy Research.
    3. Taştan, Hüseyin, 2013. "Real business cycles in emerging economies: Turkish case," Economic Modelling, Elsevier, vol. 34(C), pages 106-113.
    4. Altug, Sumru & Bildirici, Melike, 2010. "Business Cycles around the Globe: A Regime-switching Approach," CEPR Discussion Papers 7968, Centre for Economic Policy Research.
    5. Angi Roesch & Harald Schmidbauer & Erhan Uluceviz, 2014. "Frequency Aspects Of Information Transmission In Networks Of Equity Markets," EcoMod2014 7200, EcoMod.
    6. Harald Schmidbauer & Angi Rösch & Erhan Uluceviz, 2012. "Connectedness Cycles in Equity Markets: A Wavelet Approach," EcoMod2012 4502, EcoMod.
    7. Been-Lon Chen & Yunfang Hu & Kazuo Mino, 2020. "Capital Allocation and Wealth Distribution in a Global Economy with Financial Frictions," KIER Working Papers 1045, Kyoto University, Institute of Economic Research.
    8. Veysel KARAGOL & Burhan DOÄžAN, 2021. "Interaction between business and financial cycles: evidence from Turkey," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 12, pages 123-150, December.

  2. Altug,Sumru & Labadie,Pamela, 2008. "Asset Pricing for Dynamic Economies," Cambridge Books, Cambridge University Press, number 9780521699143, Enero-Abr.

    Cited by:

    1. Burkhard Heer & Alfred Maussner, 2010. "Log-Normal Approximation of the Equity Premium in the Production Model," CESifo Working Paper Series 3311, CESifo.
    2. Görtz, Christoph & Yeromonahos, Mallory, 2022. "Asymmetries in risk premia, macroeconomic uncertainty and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
    3. Radwanski, Juliusz, 2021. "The Equilibrium Value of Bitcoin," MPRA Paper 110746, University Library of Munich, Germany.
    4. Gerst, Michael D. & Howarth, Richard B. & Borsuk, Mark E., 2010. "Accounting for the risk of extreme outcomes in an integrated assessment of climate change," Energy Policy, Elsevier, vol. 38(8), pages 4540-4548, August.
    5. Altug, Sumru & Collard, Fabrice & Cakmakli, Cem & Mukerji, Sujoy & Ozsöylev, Han, 2020. "Ambiguous Business Cycles: A Quantitative Assessment," TSE Working Papers 20-1107, Toulouse School of Economics (TSE).
    6. Stylianos Asimakopoulos & James Malley & Apostolis Philippopoulos, 2024. "The Firm-level and Aggregate E¤ects of Corporate Payout Policy," Working Papers 2024_13, Business School - Economics, University of Glasgow.
    7. Wang, Min & Zhao, Jinhua & Bhattacharya, Joydeep, 2015. "Optimal health and environmental policies in a pollution-growth nexus," Journal of Environmental Economics and Management, Elsevier, vol. 71(C), pages 160-179.
    8. Rahul Nath, 2018. "Equity Pricing New Keynesian Models with Nominal Rigidities and Investment," Economics Series Working Papers 850, University of Oxford, Department of Economics.
    9. Jizheng Huang & Heng-fu Zou, 2013. "Asset Pricing, Capital Structure and the Spirit of Capitalism in a Production Economy," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 367-384, November.
    10. Jizheng Huang & Heng-fu Zou, 2011. "Asset pricing and the Modigliani-Miller theorem with the spirit of capitalism," CEMA Working Papers 456, China Economics and Management Academy, Central University of Finance and Economics.
    11. Ming Pu & Gang-Zhi Fan & Seow Ong, 2012. "Heterogeneous Agents and the Indifference Pricing of Property Index Linked Swaps," The Journal of Real Estate Finance and Economics, Springer, vol. 44(4), pages 543-569, May.
    12. Radwanski, Juliusz, 2020. "On the Purchasing Power of Money in an Exchange Economy," MPRA Paper 104244, University Library of Munich, Germany.

  3. Altug,Sumru & Chadha,Jagjit S. & Nolan,Charles (ed.), 2003. "Dynamic Macroeconomic Analysis," Cambridge Books, Cambridge University Press, number 9780521534031, Enero-Abr.

    Cited by:

    1. Carlos Thomas, 2007. "Search Frictions, Real Rigidities and Inflation Dynamics," CEP Discussion Papers dp0822, Centre for Economic Performance, LSE.
    2. Bora Durdu & Enrique G. Mendoza, 2004. "Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees," Working Paper Series 2004-33, Federal Reserve Bank of San Francisco.
    3. Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2016. "Unemployment and Business Cycles," Econometrica, Econometric Society, vol. 84(4), pages 1523-1569, July.
    4. Takayuki Tsuruga, 2004. "Hump-shaped Behavior of Inflation and Dynamic Externality," Econometric Society 2004 Far Eastern Meetings 614, Econometric Society.
    5. Robert E. Hall, 2016. "Search-and-Matching Analysis of High Unemployment Caused by the Zero Lower Bound," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 19, pages 210-217, January.
    6. Ravenna, Federico & Walsh, Carl E., 2007. "Vacancies, Unemployment, and the Phillips Curve," Kiel Working Papers 1362, Kiel Institute for the World Economy.
    7. Blanchard, Olivier & Galí, Jordi, 2008. "Labour Markets and Monetary Policy: A New Keynesian Model with Unemployment," CEPR Discussion Papers 6765, Centre for Economic Policy Research.
    8. Castillo, Paul & Montoro, Carlos, 2010. "Monetary Policy in the presence of Informal Labour Markets," Working Papers 2010-009, Banco Central de Reserva del Perú.
    9. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    10. Michele Cavallo & Kate Kisselev & Fabrizio Perri & Nouriel Roubini, 2005. "Exchange Rate Overshooting and the Costs of Floating," Working Paper Series 2005-07, Federal Reserve Bank of San Francisco.
    11. Federico Ravenna & Carl E. Walsh, 2012. "Screening and Labor Market Flows in a Model with Heterogeneous Workers," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(s2), pages 31-71, December.
    12. Lorenza Rossi & Fabrizio Mattesini, 2008. "We analyze, in this paper, a DSGE New Keynesian model with indi- visible labor where firms may belong to two different final goods producing sectors one where wages and employment are determined in competitive labor markets and the orther where wages," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0077, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    13. Faia, Ester & Campolmi, Alessia, 2006. "Cyclical inflation divergence and different labor market institutions in the EMU," Working Paper Series 619, European Central Bank.
    14. Martin, Philippe & Rey, Hélène, 2005. "Globalization and Emerging Markets: With or Without Crash?," CEPR Discussion Papers 5165, Centre for Economic Policy Research.
    15. Frankel, Jeffrey, 2010. "Monetary Policy in Emerging Markets," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 25, pages 1439-1520, Elsevier.
    16. Julen Esteban-Pretel & Elisa Faraglia, 2005. "Monetary Shocks in a Model with Loss of Skills (Revised in February 2009)," CARF F-Series CARF-F-053, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    17. Fabrizio Mattesini & Lorenza Rossi, 2007. "Productivity shocks and Optimal Monetary Policy in a Unionized Labor Market Economy," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0072, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    18. Javier Bianchi, 2010. "Credit Externalities: Macroeconomic Effects and Policy Implications," American Economic Review, American Economic Association, vol. 100(2), pages 398-402, May.
    19. Juha Tervala, 2008. "Productive Government Spending, Welfare and Exchange Rate Dynamics," Financial Theory and Practice, Institute of Public Finance, vol. 32(2), pages 97-114.
    20. Onmus-Baykal Elif, 2011. "How Costly is CPI Inflation Targeting: A Two Sector Model with No Labor Mobility," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-32, January.
    21. Durdu, Ceyhun Bora & Mendoza, Enrique G., 2006. "Are asset price guarantees useful for preventing Sudden Stops?: A quantitative investigation of the globalization hazard-moral hazard tradeoff," Journal of International Economics, Elsevier, vol. 69(1), pages 84-119, June.
    22. Robert E. Hall, 2016. "Macroeconomics of Persistent Slumps," NBER Working Papers 22230, National Bureau of Economic Research, Inc.
    23. Proaño, Christian R., 2012. "Gradual wage-price adjustments, labor market frictions and monetary policy rules," Journal of Economic Behavior & Organization, Elsevier, vol. 82(1), pages 220-235.
    24. Faia, Ester, 2006. "Optimal monetary policy rules with labor market frictions," Working Paper Series 698, European Central Bank.
    25. Bansal, Ravi & Christiano, Lawrence & Mendoza, Enrique G., 2004. "Introduction: macroeconomic implications of capital flows in a global economy," Journal of Economic Theory, Elsevier, vol. 119(1), pages 1-5, November.
    26. Juha Tervala & Mr. Giovanni Ganelli, 2008. "Tax Reforms, “Free Lunches”, and “Cheap Lunches” in Open Economies," IMF Working Papers 2008/227, International Monetary Fund.
    27. Antonella Trigari, 2004. "Labour Market Search, Wage Bargaining and Inflation Dynamics," Working Papers 268, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    28. Caroline Schmidt, 2006. "International transmission effects of monetary policy shocks: can asymmetric price setting explain the stylized facts?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 11(3), pages 205-218.
    29. Altug, Sumru & Collard, Fabrice & Cakmakli, Cem & Mukerji, Sujoy & Ozsöylev, Han, 2020. "Ambiguous Business Cycles: A Quantitative Assessment," TSE Working Papers 20-1107, Toulouse School of Economics (TSE).
    30. Brei, Michael & Buzaushina, Almira, 2009. "International financial shocks in emerging markets," Bonn Econ Discussion Papers 2/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).
    31. Guido Sandleris & Mark L. J. Wright, 2011. "The Costs of Financial Crises: Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis," Business School Working Papers 2011-04, Universidad Torcuato Di Tella.
    32. Jean-Pierre Danthine & Andre Kurmann, 2004. "Fair Wages in a New Keynesian Model of the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(1), pages 107-142, January.
    33. Faia, Ester, 2009. "Ramsey monetary policy with labor market frictions," Journal of Monetary Economics, Elsevier, vol. 56(4), pages 570-581, May.
    34. Cinzia Alcidi , Alessandro Flamini, Andrea Fracasso, 2005. ""Taylored rules". Does one fit (or hide) all?," IHEID Working Papers 04-2005, Economics Section, The Graduate Institute of International Studies, revised Apr 2006.
    35. Gerke, Rafael & Rubart, Jens, 2005. "The Role of Money Demand in a Business Cycle Model with Staggered Wage Contracts," Darmstadt Discussion Papers in Economics 142, Darmstadt University of Technology, Department of Law and Economics.
    36. Chen, Xiaofen, 2012. "The dampening effect of bank foreign liabilities on monetary policy: Revisiting monetary cooperation in East Asia," Journal of International Money and Finance, Elsevier, vol. 31(2), pages 412-427.
    37. Rossi, Lorenza & Mattesini, Fabrizio, 2007. "Productivity Shock and Optimal Monetary Policy in a Unionized Labor Market. Forthcoming: The Manchester School," MPRA Paper 8414, University Library of Munich, Germany, revised 2008.
    38. Benigno, Gianluca & Chen, Huigang & Otrok, Christopher & Rebucci, Alessandro & Young, Eric R., 2011. "Financial Crises and Macro-Prudential Policies," IDB Publications (Working Papers) 3096, Inter-American Development Bank.
    39. Teles, Vladimir K & de Prince Mendonça, Diogo, 2013. "Política Monetária em Tempos de Crise," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 67(4), November.
    40. Altug, Sumru & Bildirici, Melike, 2010. "Business Cycles around the Globe: A Regime-switching Approach," CEPR Discussion Papers 7968, Centre for Economic Policy Research.
    41. Carl Walsh, 2014. "Multiple Objectives and Central Bank Tradeoffs under Flexible Inflation Targeting," CESifo Working Paper Series 5097, CESifo.
    42. Meixing Dai, 2007. "Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy," Economics Bulletin, AccessEcon, vol. 8(7), pages 1-7.
    43. Mr. Giovanni Ganelli, 2005. "The International Effects of Government Spending Composition," IMF Working Papers 2005/004, International Monetary Fund.
    44. Enrique G. Mendoza, 2006. "Lessons From the Debt-Deflation Theory of Sudden Stops," NBER Working Papers 11966, National Bureau of Economic Research, Inc.
    45. Carl E. Walsh, 2005. "Labor Market Search, Sticky Prices, and Interest Rate Policies," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(4), pages 829-849, October.
    46. Enrique G. Mendoza & Katherine A. Smith, 2013. "Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets," NBER Working Papers 19072, National Bureau of Economic Research, Inc.
    47. Federico Ravenna & Carl E. Walsh, 2009. "Welfare-based optimal monetary policy with unemployment and sticky prices: a linear-quadratic framework," Working Paper Series 2009-15, Federal Reserve Bank of San Francisco.
    48. Katherine A. Smith & Enrique G. Mendoza, 2011. "Financial Globalization, Financial Crisis, and the External Capital Structure of Emerging Markets," 2011 Meeting Papers 235, Society for Economic Dynamics.
    49. Mr. Giovanni Ganelli & Juha Tervala, 2007. "Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model," IMF Working Papers 2007/067, International Monetary Fund.
    50. Michaillat, Pascal, 2012. "A Theory of Countercyclical Government-Consumption Multiplier," CEPR Discussion Papers 9052, Centre for Economic Policy Research.
    51. Matthew B. Canzoneri & Robert E. Cumby & Behzad T. Diba, 2004. "The Cost of Nominal Inertia in NNS Models," NBER Working Papers 10889, National Bureau of Economic Research, Inc.
    52. Paul D. McNelis, 2014. "Finding Stability in a Time of Crisis: Lessons of East Asia for Eastern Europe," Working Papers 052014, Hong Kong Institute for Monetary Research.
    53. Pascal Michaillat, 2012. "Fiscal Multipliers over the Business Cycle," CEP Discussion Papers dp1115, Centre for Economic Performance, LSE.
    54. Rhee, Hyuk Jae & Song, Jeongseok, 2018. "Labor market friction, nominal wage rigidities, and monetary policy in a small open economy," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 140-158.
    55. Marianna Riggi, 2010. "Nominal And Real Wage Rigidities In New Keynesian Models: A Critical Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 539-572, July.
    56. Ester Faia & Alessia Campolmi, 2005. "Inflation Differentials and Different Labor Market Institutions in the EMU," Money Macro and Finance (MMF) Research Group Conference 2005 80, Money Macro and Finance Research Group.
    57. Julen Esteban-Pretel & Elisa Faraglia, 2005. "Monetary Shocks in a Model with Loss of Skills," 2005 Meeting Papers 328, Society for Economic Dynamics.
    58. Rhee, Hyuk Jae & Song, Jeongseok, 2020. "Wage rigidities and unemployment fluctuations in a small open economy," Economic Modelling, Elsevier, vol. 88(C), pages 244-262.
    59. Oviedo, P. Marcelo, 2005. "World Interest Rate, Business Cycles, and Financial Intermediation in Small Open Economies," Staff General Research Papers Archive 12360, Iowa State University, Department of Economics.
    60. Paul Castillo B. & Carlos Montoro Ll., 2012. "Inflation Dynamics in the Presence of Informal Labour Markets," Journal Econom a Chilena (The Chilean Economy), Central Bank of Chile, vol. 15(1), pages 4-31, April.
    61. Betty Daniel, 2008. "Private Sector Risk and Financial Crises in Emerging Markets," Discussion Papers 08-10, University at Albany, SUNY, Department of Economics.
    62. Evren Caglar & Jagjit S. Chadha & Jack Meaning & James Warren & Alex Waters, 2011. "Non-Conventional Monetary Policies: QE and the DSGE literature," Studies in Economics 1110, School of Economics, University of Kent.
    63. Christiane Clemens, 2009. "Stochastic Growth and Factor Income Risk," German Economic Review, Verein für Socialpolitik, vol. 10(4), pages 422-447, November.
    64. Unal Zenginobuz & Sumru Altug, 2009. "What has been the Role of Investment in Turkey's Growth Performance?," Working Papers 2009/02, Bogazici University, Department of Economics.
    65. Basu, S. & House, C.L., 2016. "Allocative and Remitted Wages," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 297-354, Elsevier.
    66. Ramey, Garey, 2008. "Exogenous vs. Endogenous Separation," University of California at San Diego, Economics Working Paper Series qt0qb196qd, Department of Economics, UC San Diego.
    67. Paolo Giordani, 2004. "Evaluating New‐Keynesian Models of a Small Open Economy," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(s1), pages 713-733, September.
    68. Javier Bianchi, 2010. "Overborrowing and Systemic Externalities in the Business Cycle," 2010 Meeting Papers 96, Society for Economic Dynamics.
    69. Tervala, Juha, 2007. "The international transmission of monetary policy in a dollar pricing model," Bank of Finland Research Discussion Papers 29/2007, Bank of Finland.
    70. Federico Ravenna & Carl E. Walsh, 2022. "Worker Heterogeneity, Selection, and Unemployment Dynamics in a Pandemic," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(S1), pages 113-155, February.
    71. Thomas, Carlos, 2006. "Search and matching frictions and optimal monetary policy," LSE Research Online Documents on Economics 19782, London School of Economics and Political Science, LSE Library.
    72. Giuseppe Ciccarone & Francesco Giuli & Danilo Liberati, 2012. "The effects of monetary policy shocks in credit and labor markets with search and matching frictions," Working Papers in Public Economics 151, Department of Economics and Law, Sapienza University of Rome.
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    74. Kilponen, Juha & Vanhala, Juuso, 2009. "Productivity and job flows: heterogeneity of new hires and continuing jobs in the business cycle," Working Paper Series 1080, European Central Bank.
    75. Altug, Sumru & Demers, Fanny S. & Demers, Michel, 2009. "The investment tax credit and irreversible investment," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 509-522, December.
    76. Robert E. Hall, 2013. "Comment on "Reference Dependence and Labor Market Fluctuations"," NBER Chapters, in: NBER Macroeconomics Annual 2013, Volume 28, pages 201-208, National Bureau of Economic Research, Inc.
    77. Bingbing Dong & Jieran Wu & Eric Young, 2023. "The Role of Collateral in Sudden Stop Models," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 31(6), pages 79-110, November.
    78. Giuseppe CICCARONE & Francesco GIULI & Danilo LIBERATI, 2010. "Gross and net loan flows under search and matching frictions in labour and credit markets," EcoMod2010 259600040, EcoMod.
    79. Mendoza, Enrique G. & Smith, Katherine A., 2006. "Quantitative implications of a debt-deflation theory of Sudden Stops and asset prices," Journal of International Economics, Elsevier, vol. 70(1), pages 82-114, September.
    80. Régis Barnichon, 2007. "Productivity, Aggregate Demand and Unemployment Fluctuations," CEP Discussion Papers dp0819, Centre for Economic Performance, LSE.
    81. Leonor Coutinho, 2005. "Fiscal Policy in the New Open Economy Macroeconomics and Prospects for Fiscal Policy Coordination," Journal of Economic Surveys, Wiley Blackwell, vol. 19(5), pages 789-822, December.
    82. Ester Faia & Alessia Campolmi, 2005. "Inflation Differentials and Labor and Product Market Differences in the EMU," 2005 Meeting Papers 118, Society for Economic Dynamics.
    83. Daria Finocchiaro & Virginia Queijo Von Heideken, 2013. "Do Central Banks React to House Prices?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(8), pages 1659-1683, December.
    84. Ganelli, Giovanni & Tervala, Juha, 2011. "International transmission of environmental policy: A New Keynesian perspective," Ecological Economics, Elsevier, vol. 70(11), pages 2070-2082, September.
    85. Yunus Karaömer & Arif Eser Guzel, 2024. "Effect of Economic Policy Uncertainty on Stock Returns: Analysing the Moderating Role of Government Size," Politická ekonomie, Prague University of Economics and Business, vol. 2024(1), pages 50-72.
    86. Hyuk Jae Rhee & Jeongseok Song, 2013. "Unemployment fluctuations, and optimal monetary policy in a small open economy," Working Papers 1309, University of Windsor, Department of Economics.
    87. Kienzler, Daniel, 2012. "Long-term Unemployment over the Business Cycle, Skill Loss, and Monetary Policy," Working Papers on Finance 1205, University of St. Gallen, School of Finance.
    88. Campolmi, Alessia & Faia, Ester, 2011. "Labor market institutions and inflation volatility in the euro area," Journal of Economic Dynamics and Control, Elsevier, vol. 35(5), pages 793-812, May.
    89. Rossi, Lorenza & Mattesini, Fabrizio, 2007. "Optimal Monetary Policy in a Dual Labor Market Economy," MPRA Paper 2468, University Library of Munich, Germany, revised 15 Mar 2007.
    90. Juuso Vanhala, 2006. "Labor Taxation, Matching and Shocks in the New Keynesian Model," Computing in Economics and Finance 2006 346, Society for Computational Economics.
    91. Thomas Lubik & Michael Krause, 2004. "A Note on Instability and Indeterminacy in Search and Matching Models," Economics Working Paper Archive 518, The Johns Hopkins University,Department of Economics.
    92. Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2013. "Understanding the Great Recession," NBER Chapters, in: Lessons from the Financial Crisis for Monetary Policy, National Bureau of Economic Research, Inc.
    93. Giovanni Ganelli, 2008. "Public Spending Management and Macroeconomic Interdependence," Open Economies Review, Springer, vol. 19(2), pages 241-259, April.
    94. Jovanovic, Branimir & Petreski, Marjan, 2014. "Monetary policy, exchange rates and labor unions in SEE and the CIS during the financial crisis," Economic Systems, Elsevier, vol. 38(3), pages 309-332.
    95. Blanchard, Olivier & Galí, Jordi, 2006. "A New Keynesian model with unemployment," CFS Working Paper Series 2007/08, Center for Financial Studies (CFS).
    96. Mattesini Fabrizio & Rossi Lorenza, 2007. "Optimal monetary policy in economies with dual labor markets," wp.comunite 0009, Department of Communication, University of Teramo.
    97. Robert E. Hall, 2013. "The routes into and out of the zero lower bound," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 1-35.
    98. Raissi, Mehdi, 2015. "Flexible inflation targeting and labor market inefficiencies," Economic Modelling, Elsevier, vol. 46(C), pages 283-300.
    99. Barnichon, Regis, 2010. "Productivity and unemployment over the business cycle," Journal of Monetary Economics, Elsevier, vol. 57(8), pages 1013-1025, November.
    100. Raissi, M., 2011. "A Linear Quadratic Approach to Optimal Monetary Policy with Unemployment and Sticky Prices: The Case of a Distorted Steady State," Cambridge Working Papers in Economics 1146, Faculty of Economics, University of Cambridge.
    101. Pedro, Gomis-Porqueras & Benoit, Julien & Chengsi, Wang, 2010. "Optimal Monetary and Fiscal Policies In a Search-theoretic Model of Money and Unemployment," MPRA Paper 26262, University Library of Munich, Germany.
    102. Ravenna, Federico & Walsh, Carl E., 2012. "Monetary policy and labor market frictions: A tax interpretation," Journal of Monetary Economics, Elsevier, vol. 59(2), pages 180-195.
    103. Carl E. Walsh & Federico Ravenna, 2010. "Business Cycles and Labor Market Flows with Sequential Screening," 2010 Meeting Papers 571, Society for Economic Dynamics.
    104. Ali Chebbi, 2015. "Stochastic growth, taxation policy and welfare cost in an open emerging economy," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 62(1), pages 57-84, March.
    105. Federico Ravenna & Carl E. Walsh, 2009. "The welfare consequences of monetary policy," Working Paper Series 2009-12, Federal Reserve Bank of San Francisco.
    106. Mr. Enrique G. Mendoza, 2006. "Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies," IMF Working Papers 2006/088, International Monetary Fund.
    107. Van Zandweghe, Willem, 2010. "On-the-job search, sticky prices, and persistence," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 437-455, March.
    108. Enrique G. Mendoza & Katherine A. Smith, 2014. "Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets," Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(1), pages 20-57, January.
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    116. Tatiana Kirsanova & Mathan Satchi & David Vines & Simon Wren‐Lewis, 2007. "Optimal Fiscal Policy Rules in a Monetary Union," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(7), pages 1759-1784, October.
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    Cited by:

    1. Robert E. Hall, 2016. "Search-and-Matching Analysis of High Unemployment Caused by the Zero Lower Bound," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 19, pages 210-217, January.
    2. Ravenna, Federico & Walsh, Carl E., 2007. "Vacancies, Unemployment, and the Phillips Curve," Kiel Working Papers 1362, Kiel Institute for the World Economy.
    3. Castillo, Paul & Montoro, Carlos, 2010. "Monetary Policy in the presence of Informal Labour Markets," Working Papers 2010-009, Banco Central de Reserva del Perú.
    4. Emmanuel Saez & Pascal Michaillat, 2013. "A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters," 2013 Meeting Papers 1216, Society for Economic Dynamics.
    5. Michele Cavallo & Kate Kisselev & Fabrizio Perri & Nouriel Roubini, 2005. "Exchange Rate Overshooting and the Costs of Floating," Working Paper Series 2005-07, Federal Reserve Bank of San Francisco.
    6. Federico Ravenna & Carl E. Walsh, 2012. "Screening and Labor Market Flows in a Model with Heterogeneous Workers," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(s2), pages 31-71, December.
    7. Lorenza Rossi & Fabrizio Mattesini, 2008. "We analyze, in this paper, a DSGE New Keynesian model with indi- visible labor where firms may belong to two different final goods producing sectors one where wages and employment are determined in competitive labor markets and the orther where wages," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0077, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    8. Faia, Ester & Campolmi, Alessia, 2006. "Cyclical inflation divergence and different labor market institutions in the EMU," Working Paper Series 619, European Central Bank.
    9. Martin, Philippe & Rey, Hélène, 2005. "Globalization and Emerging Markets: With or Without Crash?," CEPR Discussion Papers 5165, Centre for Economic Policy Research.
    10. Frankel, Jeffrey, 2010. "Monetary Policy in Emerging Markets," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 25, pages 1439-1520, Elsevier.
    11. Julen Esteban-Pretel & Elisa Faraglia, 2005. "Monetary Shocks in a Model with Loss of Skills (Revised in February 2009)," CARF F-Series CARF-F-053, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    12. Fabrizio Mattesini & Lorenza Rossi, 2007. "Productivity shocks and Optimal Monetary Policy in a Unionized Labor Market Economy," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0072, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    13. Javier Bianchi, 2010. "Credit Externalities: Macroeconomic Effects and Policy Implications," American Economic Review, American Economic Association, vol. 100(2), pages 398-402, May.
    14. Onmus-Baykal Elif, 2011. "How Costly is CPI Inflation Targeting: A Two Sector Model with No Labor Mobility," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-32, January.
    15. Durdu, Ceyhun Bora & Mendoza, Enrique G., 2006. "Are asset price guarantees useful for preventing Sudden Stops?: A quantitative investigation of the globalization hazard-moral hazard tradeoff," Journal of International Economics, Elsevier, vol. 69(1), pages 84-119, June.
    16. Robert E. Hall, 2016. "Macroeconomics of Persistent Slumps," NBER Working Papers 22230, National Bureau of Economic Research, Inc.
    17. Proaño, Christian R., 2012. "Gradual wage-price adjustments, labor market frictions and monetary policy rules," Journal of Economic Behavior & Organization, Elsevier, vol. 82(1), pages 220-235.
    18. Bansal, Ravi & Christiano, Lawrence & Mendoza, Enrique G., 2004. "Introduction: macroeconomic implications of capital flows in a global economy," Journal of Economic Theory, Elsevier, vol. 119(1), pages 1-5, November.
    19. Faia, Ester, 2006. "Optimal monetary policy rules with labor market frictions," Working Paper Series 698, European Central Bank.
    20. Juha Tervala & Mr. Giovanni Ganelli, 2008. "Tax Reforms, “Free Lunches”, and “Cheap Lunches” in Open Economies," IMF Working Papers 2008/227, International Monetary Fund.
    21. Antonella Trigari, 2004. "Labour Market Search, Wage Bargaining and Inflation Dynamics," Working Papers 268, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    22. Caroline Schmidt, 2006. "International transmission effects of monetary policy shocks: can asymmetric price setting explain the stylized facts?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 11(3), pages 205-218.
    23. Altug, Sumru & Collard, Fabrice & Cakmakli, Cem & Mukerji, Sujoy & Ozsöylev, Han, 2020. "Ambiguous Business Cycles: A Quantitative Assessment," TSE Working Papers 20-1107, Toulouse School of Economics (TSE).
    24. Brei, Michael & Buzaushina, Almira, 2009. "International financial shocks in emerging markets," Bonn Econ Discussion Papers 2/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).
    25. Guido Sandleris & Mark L. J. Wright, 2011. "The Costs of Financial Crises: Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis," Business School Working Papers 2011-04, Universidad Torcuato Di Tella.
    26. Faia, Ester, 2009. "Ramsey monetary policy with labor market frictions," Journal of Monetary Economics, Elsevier, vol. 56(4), pages 570-581, May.
    27. Cinzia Alcidi , Alessandro Flamini, Andrea Fracasso, 2005. ""Taylored rules". Does one fit (or hide) all?," IHEID Working Papers 04-2005, Economics Section, The Graduate Institute of International Studies, revised Apr 2006.
    28. Chen, Xiaofen, 2012. "The dampening effect of bank foreign liabilities on monetary policy: Revisiting monetary cooperation in East Asia," Journal of International Money and Finance, Elsevier, vol. 31(2), pages 412-427.
    29. Rossi, Lorenza & Mattesini, Fabrizio, 2007. "Productivity Shock and Optimal Monetary Policy in a Unionized Labor Market. Forthcoming: The Manchester School," MPRA Paper 8414, University Library of Munich, Germany, revised 2008.
    30. Benigno, Gianluca & Chen, Huigang & Otrok, Christopher & Rebucci, Alessandro & Young, Eric R., 2011. "Financial Crises and Macro-Prudential Policies," IDB Publications (Working Papers) 3096, Inter-American Development Bank.
    31. Teles, Vladimir K & de Prince Mendonça, Diogo, 2013. "Política Monetária em Tempos de Crise," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 67(4), November.
    32. Altug, Sumru & Bildirici, Melike, 2010. "Business Cycles around the Globe: A Regime-switching Approach," CEPR Discussion Papers 7968, Centre for Economic Policy Research.
    33. Carl Walsh, 2014. "Multiple Objectives and Central Bank Tradeoffs under Flexible Inflation Targeting," CESifo Working Paper Series 5097, CESifo.
    34. Meixing Dai, 2007. "Endogenous Wealth-Depending Time Preference and Fiscal Policy in Open Economy," Economics Bulletin, AccessEcon, vol. 8(7), pages 1-7.
    35. Mr. Giovanni Ganelli, 2005. "The International Effects of Government Spending Composition," IMF Working Papers 2005/004, International Monetary Fund.
    36. Enrique G. Mendoza, 2006. "Lessons From the Debt-Deflation Theory of Sudden Stops," NBER Working Papers 11966, National Bureau of Economic Research, Inc.
    37. Carl E. Walsh, 2005. "Labor Market Search, Sticky Prices, and Interest Rate Policies," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(4), pages 829-849, October.
    38. Enrique G. Mendoza & Katherine A. Smith, 2013. "Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets," NBER Working Papers 19072, National Bureau of Economic Research, Inc.
    39. Olivier Blanchard & Jordi Galí, 2010. "Labor Markets and Monetary Policy: A New Keynesian Model with Unemployment," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(2), pages 1-30, April.
    40. Federico Ravenna & Carl E. Walsh, 2009. "Welfare-based optimal monetary policy with unemployment and sticky prices: a linear-quadratic framework," Working Paper Series 2009-15, Federal Reserve Bank of San Francisco.
    41. Katherine A. Smith & Enrique G. Mendoza, 2011. "Financial Globalization, Financial Crisis, and the External Capital Structure of Emerging Markets," 2011 Meeting Papers 235, Society for Economic Dynamics.
    42. Mr. Giovanni Ganelli & Juha Tervala, 2007. "Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model," IMF Working Papers 2007/067, International Monetary Fund.
    43. Michaillat, Pascal, 2012. "A Theory of Countercyclical Government-Consumption Multiplier," CEPR Discussion Papers 9052, Centre for Economic Policy Research.
    44. Matthew B. Canzoneri & Robert E. Cumby & Behzad T. Diba, 2004. "The Cost of Nominal Inertia in NNS Models," NBER Working Papers 10889, National Bureau of Economic Research, Inc.
    45. Paul D. McNelis, 2014. "Finding Stability in a Time of Crisis: Lessons of East Asia for Eastern Europe," Working Papers 052014, Hong Kong Institute for Monetary Research.
    46. Pascal Michaillat, 2012. "Fiscal Multipliers over the Business Cycle," CEP Discussion Papers dp1115, Centre for Economic Performance, LSE.
    47. Rhee, Hyuk Jae & Song, Jeongseok, 2018. "Labor market friction, nominal wage rigidities, and monetary policy in a small open economy," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 140-158.
    48. Marianna Riggi, 2010. "Nominal And Real Wage Rigidities In New Keynesian Models: A Critical Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 539-572, July.
    49. Ester Faia & Alessia Campolmi, 2005. "Inflation Differentials and Different Labor Market Institutions in the EMU," Money Macro and Finance (MMF) Research Group Conference 2005 80, Money Macro and Finance Research Group.
    50. Julen Esteban-Pretel & Elisa Faraglia, 2005. "Monetary Shocks in a Model with Loss of Skills," 2005 Meeting Papers 328, Society for Economic Dynamics.
    51. Rhee, Hyuk Jae & Song, Jeongseok, 2020. "Wage rigidities and unemployment fluctuations in a small open economy," Economic Modelling, Elsevier, vol. 88(C), pages 244-262.
    52. Oviedo, P. Marcelo, 2005. "World Interest Rate, Business Cycles, and Financial Intermediation in Small Open Economies," Staff General Research Papers Archive 12360, Iowa State University, Department of Economics.
    53. Betty Daniel, 2008. "Private Sector Risk and Financial Crises in Emerging Markets," Discussion Papers 08-10, University at Albany, SUNY, Department of Economics.
    54. Paul Castillo B. & Carlos Montoro Ll., 2012. "Inflation Dynamics in the Presence of Informal Labour Markets," Journal Econom a Chilena (The Chilean Economy), Central Bank of Chile, vol. 15(1), pages 4-31, April.
    55. Enrique G. Mendoza & Ceyhun Bora Durdu, 2004. "Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees," NBER Working Papers 10790, National Bureau of Economic Research, Inc.
    56. Evren Caglar & Jagjit S. Chadha & Jack Meaning & James Warren & Alex Waters, 2011. "Non-Conventional Monetary Policies: QE and the DSGE literature," Studies in Economics 1110, School of Economics, University of Kent.
    57. Christiane Clemens, 2009. "Stochastic Growth and Factor Income Risk," German Economic Review, Verein für Socialpolitik, vol. 10(4), pages 422-447, November.
    58. Unal Zenginobuz & Sumru Altug, 2009. "What has been the Role of Investment in Turkey's Growth Performance?," Working Papers 2009/02, Bogazici University, Department of Economics.
    59. Basu, S. & House, C.L., 2016. "Allocative and Remitted Wages," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 297-354, Elsevier.
    60. Paolo Giordani, 2004. "Evaluating New‐Keynesian Models of a Small Open Economy," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(s1), pages 713-733, September.
    61. Javier Bianchi, 2010. "Overborrowing and Systemic Externalities in the Business Cycle," 2010 Meeting Papers 96, Society for Economic Dynamics.
    62. Federico Ravenna & Carl E. Walsh, 2022. "Worker Heterogeneity, Selection, and Unemployment Dynamics in a Pandemic," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(S1), pages 113-155, February.
    63. Giuseppe Ciccarone & Francesco Giuli & Danilo Liberati, 2012. "The effects of monetary policy shocks in credit and labor markets with search and matching frictions," Working Papers in Public Economics 151, Department of Economics and Law, Sapienza University of Rome.
    64. Kilponen, Juha & Vanhala, Juuso, 2009. "Productivity and job flows: heterogeneity of new hires and continuing jobs in the business cycle," Working Paper Series 1080, European Central Bank.
    65. Altug, Sumru & Demers, Fanny S. & Demers, Michel, 2009. "The investment tax credit and irreversible investment," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 509-522, December.
    66. Robert E. Hall, 2013. "Comment on "Reference Dependence and Labor Market Fluctuations"," NBER Chapters, in: NBER Macroeconomics Annual 2013, Volume 28, pages 201-208, National Bureau of Economic Research, Inc.
    67. Thomas, Carlos, 2008. "Search and matching frictions and optimal monetary policy," Journal of Monetary Economics, Elsevier, vol. 55(5), pages 936-956, July.
    68. Giuseppe CICCARONE & Francesco GIULI & Danilo LIBERATI, 2010. "Gross and net loan flows under search and matching frictions in labour and credit markets," EcoMod2010 259600040, EcoMod.
    69. Mendoza, Enrique G. & Smith, Katherine A., 2006. "Quantitative implications of a debt-deflation theory of Sudden Stops and asset prices," Journal of International Economics, Elsevier, vol. 70(1), pages 82-114, September.
    70. Leonor Coutinho, 2005. "Fiscal Policy in the New Open Economy Macroeconomics and Prospects for Fiscal Policy Coordination," Journal of Economic Surveys, Wiley Blackwell, vol. 19(5), pages 789-822, December.
    71. Ester Faia & Alessia Campolmi, 2005. "Inflation Differentials and Labor and Product Market Differences in the EMU," 2005 Meeting Papers 118, Society for Economic Dynamics.
    72. Daria Finocchiaro & Virginia Queijo Von Heideken, 2013. "Do Central Banks React to House Prices?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(8), pages 1659-1683, December.
    73. Ganelli, Giovanni & Tervala, Juha, 2011. "International transmission of environmental policy: A New Keynesian perspective," Ecological Economics, Elsevier, vol. 70(11), pages 2070-2082, September.
    74. Hyuk Jae Rhee & Jeongseok Song, 2013. "Unemployment fluctuations, and optimal monetary policy in a small open economy," Working Papers 1309, University of Windsor, Department of Economics.
    75. Kienzler, Daniel, 2012. "Long-term Unemployment over the Business Cycle, Skill Loss, and Monetary Policy," Working Papers on Finance 1205, University of St. Gallen, School of Finance.
    76. Campolmi, Alessia & Faia, Ester, 2011. "Labor market institutions and inflation volatility in the euro area," Journal of Economic Dynamics and Control, Elsevier, vol. 35(5), pages 793-812, May.
    77. Rossi, Lorenza & Mattesini, Fabrizio, 2007. "Optimal Monetary Policy in a Dual Labor Market Economy," MPRA Paper 2468, University Library of Munich, Germany, revised 15 Mar 2007.
    78. Juuso Vanhala, 2006. "Labor Taxation, Matching and Shocks in the New Keynesian Model," Computing in Economics and Finance 2006 346, Society for Computational Economics.
    79. Thomas Lubik & Michael Krause, 2004. "A Note on Instability and Indeterminacy in Search and Matching Models," Economics Working Paper Archive 518, The Johns Hopkins University,Department of Economics.
    80. Giovanni Ganelli, 2008. "Public Spending Management and Macroeconomic Interdependence," Open Economies Review, Springer, vol. 19(2), pages 241-259, April.
    81. Jovanovic, Branimir & Petreski, Marjan, 2014. "Monetary policy, exchange rates and labor unions in SEE and the CIS during the financial crisis," Economic Systems, Elsevier, vol. 38(3), pages 309-332.
    82. Blanchard, Olivier & Galí, Jordi, 2006. "A New Keynesian model with unemployment," CFS Working Paper Series 2007/08, Center for Financial Studies (CFS).
    83. Mattesini Fabrizio & Rossi Lorenza, 2007. "Optimal monetary policy in economies with dual labor markets," wp.comunite 0009, Department of Communication, University of Teramo.
    84. Robert E. Hall, 2013. "The routes into and out of the zero lower bound," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 1-35.
    85. Raissi, Mehdi, 2015. "Flexible inflation targeting and labor market inefficiencies," Economic Modelling, Elsevier, vol. 46(C), pages 283-300.
    86. Raissi, M., 2011. "A Linear Quadratic Approach to Optimal Monetary Policy with Unemployment and Sticky Prices: The Case of a Distorted Steady State," Cambridge Working Papers in Economics 1146, Faculty of Economics, University of Cambridge.
    87. Pedro, Gomis-Porqueras & Benoit, Julien & Chengsi, Wang, 2010. "Optimal Monetary and Fiscal Policies In a Search-theoretic Model of Money and Unemployment," MPRA Paper 26262, University Library of Munich, Germany.
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