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  • 标题:A SMALL SCALED BUSINESS–CYCLE ANALYSIS OF THE TURKISH ECONOMY:SOME COUNTER–CYCLICAL EVIDENCE USING NEW INCOME SERIES
  • 本地全文:下载
  • 作者:Levent KORAP
  • 期刊名称:İstanbul İktisat Dergisi
  • 印刷版ISSN:2602-4152
  • 电子版ISSN:2602-3954
  • 出版年度:2010
  • 卷号:60
  • 期号:1
  • 页码:71-96
  • 语种:English
  • 出版社:Istanbul University
  • 摘要:In this paper,a small scaled business cycle analysis is tried to be conducted for the Turkish economy.For this purpose we try to extract the knowledge of cyclical correlations between real income and prices/inflation considering 1998:100 based new income series data and then examine pro– or counter–cyclical characteristics of these aggregates.Our estimation results indicate that both deflator based price level and inflation have a counter–cyclical relationship with real output in a way supporting what the supply–driven business cycle models bring out.To further examine the direction of the relationship between the cyclical components of price level/inflation and real income,we apply to the generalized impulse response analysis.The results verify that there exists a data consistent strong negative interaction between real output and price level/inflation.Considering all these findings,we conclude that no credibility must be attributed to the discretionary demand–driven Keynesian policies to stabilize the effects of the business cycles witnessed by the Turkish economy and that the policies permitting to supply shocks which will lead to a negative interaction between output and prices,rather,must have been of a special importance in the eyes of economic agents and policy makers.
  • 其他摘要:W artykule zaprezentowano fragment wyników badań ukazujących możliwość wykorzystania emisji akustycznej do diagnozowania układu wtryskowego silnika okrętowego.Za pomocą odpowiedniej obróbki można wyselekcjonować źródła sygnału emisji akustycznej odpowiedzialne za rodzaj występującej w układzie wtryskowym niesprawności.
  • 关键词:Enflasyon;Çıktı;İş Çevrimleri;Filtreleme/Ayrıştırma; Ters–Çevrimsel Fiyatlar/Enflasyon;Genelleştirilmiş Etki Tepki Çözümlemesi; Türkiye Ekonomisi.
  • 其他关键词:words:Inflation;Output;Business Cycles;Filtering/Decomposing; Counter–Cyclical Prices/Inflation;Generalized Impulse Response Analysis; Turkish Economy.
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