The new Keynesian microfoundations provide a new perspective in understanding inflation output trade-off or policy effectiveness phenomena. Roughly speaking, the New Keynesian theory can be described as an attempt to re-formulate the familiar Phillips Curve on the basis of new microfoundations....

This paper builds an economic sentiment index for Türkiye namely the "Turkish Economic Sentiment Index (TESI)", using an extensive set of textual data about the Turkish economy from 2004-2022. The analysis indicate that the TESI can capture many different international and domestic sentiment...