This paper hypothesizes that the structure of macroeconomic governance with its financial and non-financial institutions is, inter alia, a key determinant of economic performance, taking the case of the United States from 1952 Q1 to 2019 Q2. The paper tests its hypothesis by developing three...

This paper aimed to illustrate that the role of the finance sector in an economic system can be explained more systemically and systematically in the context of its interaction with macroeconomic governance, based on the case of the United States from 1952 Q1 to 2019 Q2. The paper introduced two...

Bu calisma, Turk sermaye piyasasinda hisse senedi fiyatlari ile islem hacmi arasindaki nedensellik iliskisini gunluk veriler araciligiyla 1990-2012 donemi icin arastirmaktadir. Literaturdeki onceki calismalardan farkli olarak, pozitif ve negatif soklara verilen tepkilerin farkli olabilecegi ve...

This paper aims to reexamine the causal relationship between energy consumption and economic growth for 20 OECD countries. To that end, we employ a Granger causality test in the frequency domain which allows us to distinguish short (temporary) and long-run (permanent) causality. The empirical...