publication . Preprint . 2012

Stylized Facts for Business Cycles in Turkey

Harun Alp; Yusuf Soner Baskaya; Mustafa Kilinc; Canan Yuksel;
Open Access
  • Published: 01 Jan 2012
This study documents the stylized facts about the business cycles in Turkey using quarterly data between 1987 and 2009. In particular, we document the business cycle turning points and average duration of cycles for Turkey, as well as the optimal smoothing parameter for Hodrick-Prescott (HP) filter estimated in line with our estimate of average business cycle duration for 1987-2009 period, 20 quarters, which is shorter compared to developed countries, and comparable to other developing countries. For filtering procedure, we use this estimated parameter, in addition to 1600, in HP filter and compare our findings. We find that business cycle relationships between ...
free text keywords: Nominal Business Cycle Facts, Real Business Cycle Facts, Turkish Economy, jel:E1, jel:E3, jel:E5
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