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