This paper analyzes the response of the European stock markets to the monetary policy shocks by the European Central Bank using the heteroskedasticity based approach of Rigobon (2003). We find that monetary policy tightening has a heterogeneous impact on the Euro Area sectors on the day the...

This study addresses price convergence in two cities in Turkey (Istanbul and Ankara) using the annual data over the three quarters of the 20th century (1922–1998), characterized by prevailing high inflation rates for most of the period. In contrast to the rest of the literature addressing...

This study addresses the price convergence in two cities in Turkey (Istanbul and Ankara) using annual data over the three-quarters of the twentieth century (1922-1998), characterized by prevailing high inflation rates for most of the period. In contrast to the rest of the literature addressing...

This study addresses price convergence in two cities in Turkey (Istanbul and Ankara) using the annual data over the three quarters of the 20th century (1922–1998), characterized by prevailing high inflation rates for most of the period. In contrast to the rest of the literature addressing...

In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...

This study investigates whether migration and trade can be regarded as complements or substitutes using the data on Turkish migration to Germany for the period 1963-2004. In contrast to previous studies that investigated this question using gravity equations, we conduct our analysis using the...

Bu çalışmada Türkiye'den Almanya’ya olan göçü etkileyen makro faktörleri 1969-2004 yılları için eşbütünleşme analizi ile incelemekteyiz. Dış ticaret ve faktör hareketlerinin göçü gerçekten etkilediğini, kısa ve uzun vadede Türkiye'den olan göçü tedvir etmekte...

In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is compared and empirically related to economic, political, and behavioral determinants elaborated in the literature. Lying in between the two poles, Switzerland provides unique evidence...