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Toplam kayıt 5, listelenen: 1-5
A new Keynesian model with unemployment: The effect of on-the-job search
(2021)
Although new Keynesian models with labor market frictions report an increase in unemployment and a decrease in labor market tightness in response to a positive technology shock, which appears to be in line with recent ...
What pandemic inflation tells: Old habits die hard
(2021)
COVID-19 has led to changes in individuals' consumption habits, which will cause the calculation of inflation based on the average consumption basket to give distorted information. Using debit and credit card spending data ...
Card spending dynamics in Turkey during the COVID-19 pandemic
(2021)
This paper provides an extensive analysis of card spending during the COVID-19 pandemic in Turkey by using weekly aggregated and sectoral credit and debit card spending data from March 2014 to December 2020. At an aggregated ...
Dissecting Turkish inflation: theory, fact, and illusion
(2021)
The policy debate in Turkey over the impact of interest rate on inflation concerns the question of what policymakers should do when faced with volatile and high inflation. Motivated by this discussion, we provide an empirical ...
Model Uncertainty and Financial Frictions: Implications for Optimal Monetary Policy
(2021)
The last decades proved that policymaking without considering uncertainty is impracticable. In an environment of uncertainty, policymakers have doubts about the policy models they routinely use. This paper focuses specifically ...