In this study, we examine if there is a linkage between the budget deficit (BD) and current account deficit (CAP). Traditional theory asserts that the BD leads to CAD, given that government expenditures are fixed. As disposable income increases due to BD (i.e., due to tax-cuts given that there...

Turkish Abstract: Bu çalişmada İkinci Dünya Savaşı sırasında bir kampta paranın görevlerinin nasıl ortaya çıktığı anlatılmaktadır. Böylesi bir kapalı ortamda, sigaranın nasıl bir ‘mübadele aracı' haline geldiği açıklanmaktadır. Okurlar, bütün katılımcıların...

The sources of inflation are explained by different theoretical approaches in the framework of these theories and their basic assumptions. For this reason, prescriptions presented to reduce inflation are shaped according to the basic assumptions of theories. Naturally, the reasons for the...

The relationships between inflation and its uncertainty have long been perceived in the economics literature as a special research area based mainly on empirical findings. Testing the causality between these aggregates enables us to attain the significant knowledgement of whether or not...

In this paper the causality relationships between the inflationary process, experienced by the Turkish economy, and some main money supply measures have been tried to be investigated, and the direction of these relationships has also been aimed to be determined through the vector autoregression...

In our paper, the cyclical properties between real income and inflation in the Turkish economy have been tried to be examined by use of some contemporaneous filtering techniques. Our findings considering 1987Q1-2007Q2 investigation period reveal that the cyclical real income component has a...

The relationship between crude oil import economic growth of Turkey is the main concern of this paper. Economic growth performance of Turkey depends on imported capital goods as well as oil. Oil price increases bring a heavy burden for Turkish economy since Turkey is an oil-importing developing...

This paper considers the forecast accuracies of VAR and ARIMA models. The paper, hence, employs monthly Turkish CPI, Exchange Rate and Interest rate variables for the period 1994:1-200:07, and, observes the ex-post forecast values of the relevant variables. To this end, paper first determines...

Enflasyon hedeflemesi popülaritesi giderek artan bir para politikasý rejimidir. Enflasyon hedeflemesinin popülaritesinin giderek artmasýnýn nedeni, makroekonomik performansý olumlu etkilediðine inanýlmasýdýr. Bu çalýþmada bu görüþün geçerliliði geliþmekte olan ülkeler...