Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5054221 | Economic Modelling | 2013 | 8 Pages |
Abstract
⺠We examine small open economy RBC models to explain business cycles in Turkey. ⺠We apply Bayesian methods to estimate structural parameters. ⺠Standard RBC model is not successful in replicating key features of Turkish economy. ⺠Alternative model with financial frictions is relatively more successful.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hüseyin TaÅtan,