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Regional employment volatility in Turkey: Causes and consequences

Duran, Hasan Engin - 2015

employment, thus, "instability" of a local economy. In the literature on this field, much of the attention has been paid to two … instability and economic convergence. In terms of methodology, we use a range of panel data, time series models and nonparametric … instability is found as an important barrier against the fulfillment of economic convergence. …

Persistent link: https://www.econbiz.de/10011445871

An Empirical Investigation Upon Money Multipliers and Their Stability in Turkish Economy for the Post 1990 Period

Korap, Levent - 2006

In this paper, we investigate whether the money multiplier process has a stable or forecastable characteristics in Turkish economy. Our estimation results point out that the processes leading to the money supply definitions over the base money indicates an unstable characteristics also...

Persistent link: https://www.econbiz.de/10010322125

Hyperbolic Discounting and the Phillips Curve

Graham, Liam; Snower, Dennis J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables...

Persistent link: https://www.econbiz.de/10005859701

Wealth as a signal in the search model of money

Okumura, Tsunao - 2005

This paper investigates the possibility that wealth (holdings of money) serves as a signal of ability to produce high quality products for agents who cannot directly observe the quality of the products. A producer's wealth may advertise past success in selling products to agents who knew the...

Persistent link: https://www.econbiz.de/10010266277

Türkiye'de Faiz Oranı ile Döviz Kuru Arasındaki Ilişki: Faizlerin Düşürülmesi Kurları Yükseltirmi?

Karaca, Orhan - 2005

Türkiye'de son birkaç yıldır en çok tartışılan konulardan biri faiz oranı ile döviz kuru arasındaki ilişkidir. Bazı iktisatçılar döviz kurlarının uzun süredir yerinde saymasının nedenini faiz oranlarının yüksekliğine bağlamakta ve Merkez Bankası'nın kısa vadeli faiz...

Persistent link: https://www.econbiz.de/10010322102

Stability and Dynamics in an Overlapping GenerationsEconomy with Flexible Wage Negotiations

Koskela, Erkki; Puhakka, Mikko - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We analyze the stability and dynamics of an overlapping generations model with imperfectlycompetitive labour markets...

Persistent link: https://www.econbiz.de/10005860766

Existence, Uniqueness, and Determinacy of Equilibria in Complete Security Markets with Infinite Dimensional Martingale Generator

Kusuda, Koji - 2002

There is a strong evidence that most of financial variables are better described by a combination of difusion and jump processes. Considering such evidence, researchers have studied security market models with jumps, in particular, in the context of option pricing. In most of their models, jump...

Persistent link: https://www.econbiz.de/10010263366

Jump bidding and budget constraints in all-pay auctions and wars of attrition

Dekel, Eddie; Jackson, Matthew O.; Wolinsky, Asher - 2007

We study all-pay auctions (or wars of attrition), where the highest bidder wins an object, but all bidders pay their bids. We consider such auctions when two bidders alternate in raising their bids and where all aspects of the auction are common knowledge including bidders.valuations. We analyze...

Persistent link: https://www.econbiz.de/10010266326

Correlation of types in Bayesian games

De Castro, Luciano - 2012

Despite their importance, games with incomplete information and dependent types are poorly understood; only special cases have been considered and a general approach is not yet available. In this paper, we propose a new condition (named richness) for correlation of types in (asymmetric) Bayesian...

Persistent link: https://www.econbiz.de/10010352858

Affiliation, equilibrium existence and revenue ranking of auctions

De Castro, Luciano I. - 2010

Affiliation has been a prominent assumption in the study of economic models with statistical dependence. Despite its large number of applications, especially in auction theory, affiliation has limitations that are important to be aware of. This paper shows that affiliation is a restrictive...

Persistent link: https://www.econbiz.de/10010282914