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An essay upon the business cycle facts: the Turkish case

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  • Levent, Korap

Abstract

In our paper, we try to investigate the main determinants of the Turkish business cycles. Having examined some important issues of interest in business cycle theory, we estimate the business cycle stylized facts for the Turkish economy and compare the estimation results obtained in this paper to some benchmark papers chosen in business cycle literature. All in all, our estimation results give support to the importance of supply side models in explaining the Turkish business cycles in line with the contemporaneous Real Business Cycle Theory.

Suggested Citation

  • Levent, Korap, 2006. "An essay upon the business cycle facts: the Turkish case," MPRA Paper 21717, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:21717
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    File URL: https://mpra.ub.uni-muenchen.de/21717/1/MPRA_paper_21717.pdf
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    References listed on IDEAS

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    Cited by:

    1. 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.

    More about this item

    Keywords

    Business Cycles ; Turkish Economy ; Countercyclical Prices ; Supply-Driven Models ;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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