The impact of government spending on private consumption is extensively studied in the literature. However, the main theme of these studies is the possible crowding-in or crowding-out impact of government spending on consumer spending. This paper attempts to introduce a new variable to this...

The analysis of gross job flows in the labor market has become an issue of great interest in the literature. The Turkish economy, which adopted a more outwardoriented economic development strategy in the beginning of 1980s, attracts attention to study its job flow dynamics. To this end, this...

It has been a long debate whether Fed Funds target interest rate (FFTR) has significant explanatory power on interest rates in other countries. In this paper, we analyze the effects of FFTR on Bank of England (BOE) bank rate and European Central Bank (ECB) key interest rate employing-the rather...

There are many studies which have demonstrated the presence of day of the week effect-a well-known market anomaly-for security returns. Moreover, there are some studies which conclude in favor of day of the week effect in exchange rates. However, one rarely finds any studies which examine the...

The aim of this study is to examine the validity of the day-of-the-week effect on both mean and volatility for changes in Consumer Confidence Index in Turkey. To the best of our knowledge, there is no previous study on this topic for an emerging market. Employing the E-GARCH method, we are able...