In this paper, we incorporate a price search decision into an incomplete markets model and differentiate consumption from expenditure. In our model, consumers are allowed to allocate part of their time on searching for low prices which leads to an endogenous price dispersion. A plausibly...

Bu calismada Turkiye icin nufus dagilimi dinamiklerinin uzun donemde konut talebi uzerindeki etkisi incelenmektedir. TUIK hanehalki butce anketi verileri kullanilarak hanehalki konut talebi hanehalkindaki bireylerin yas araliklari ile iliskilendirilmis ve her bir yas araligi icin konut talebi...

Bu çalýþmada Türkiye için nüfus daðýlýmý dinamiklerinin uzun dönemde konut talebi üzerindeki etkisi incelenmektedir. TÜÝK hanehalký bütçe anketi verileri kullanýlarak hanehalký konut talebi hanehalkýndaki bireylerin yaþ aralýklarý ile iliþkilendirilmiþ ve her bir yaþ...

[TR] Bu notta belirsizlik ile iktisadi faaliyet arasindaki iliski Iktisadi Yonelim Anketi (IYA) verileri kullanilarak incelenmektedir. Firmalarin uretim hacmi gerceklesmesi sorusuna verdikleri yanitlar, ayni doneme iliskin beklenti sorusuna verdikleri cevaplarla karsilastirilmis ve gozlenen...

We estimate average quality growth and upward inflation bias for a set of 51 goods in Turkey by using 7 waves of Household Budget Survey from 2003 to 2009 and TURKSTAT prices. We employ instrumental variables approach introduced by Bils and Klenow (2001). We find that average quality growth in...

[TR] Bu notta Amerika Birlesik Devletleri (ABD) konut piyasasi, uzun ve kisa donem goreli kira hareketleri ve ipotekli konut kredisi faiz oranlari kullanilarak analiz edilmektedir. Ilk olarak, OECD verileri kullanilarak cesitli ulkelerdeki kira ve TUFE enflasyonu arasindaki uzun donemli iliski...

We analyze the global imbalances and the required adjustments for rebalancing in current accounts and real exchange rates. We set up a two-country two-sector model for the US- China with two asymmetries. First, we assume that the size of China initially is one third of the US but its size...

income people to increase their consumption levels.

The aim of this study is to analyze the relationship between uncertainty and economic activity. For this purpose, we use a confidential firm level panel data set (Business Tendency Survey) from Turkey to form three uncertainty measures, namely total, idiosyncratic and aggregate uncertainty. In...

In this paper, we incorporate a price search decision into a life cycle model and differentiate consumption from expenditure. Consumers with low wealth and bad income shocks search more for cheaper prices and pay less, which makes their consumption higher than in a model without search option. A...