There is substantial heterogeneity in the gender gaps in unemployment across OECD countries. We incorporate labor market conditions, moral hazard and home production into a quantitative model of unemployment. The model can explain most of the gender gaps in unemployment across the OECD...

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 becomes...

This paper analyzes the dynamics of risk premia, real exchange rates and portfolio movements in a two-country, two-good, two-bond model. We use an asymmetric set-up in the model, where one of the countries is emerging and the other one is developed and both countries issue bonds in domestic...

In this study, average quality growth and upward inflation bias are estimated for a set of 51 goods by using six waves of TURKSTAT Household Budget Surveys from 2003 to 2008 and consumer prices in Turkey. Using instrumental variables approach suggested by Bils and Klenow (2001), the annual...

Bu calismada, 2003 ile 2008 yillari arasindaki TUIK Hanehalki Butce Anketleri ve tuketici fiyatlari kullanilarak Turkiye’de 51 urun icin ortalama kalite artislari ve enflasyon yanliligi tahmin edilmektedir. Bils ve Klenow (2001) tarafindan onerilen arac degiskenler yontemi kullanilarak elde...

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...

We model a mechanism which can generate most of the gender gap in unemployment observed in most of the OECD countries. The main components of the model are moral hazard, labor market institutions, and higher home productivity of women than men. The source of moral hazard is imperfect monitoring...

We study the general equilibrium of the housing market in an economy populated by overlapping generations of households. A contribution of the present paper is to solve for the housing market equilibrium in the presence of aggregate (interest rate) uncertainty with a realistic mortgage contract....

This paper analyzes the dynamics of risk premia, real exchange rates and portfolio movements in a two-country, two-good, two-bond model. We use an asymmetric set-up in the model, where one of the countries is emerging and the other one is developed and both countries issue bonds in domestic...