Yayın:
MARKUPS AND WELFARE COSTS OF BUSINESS CYCLES IN TURKEY

Basit öğe sayfası
dc.contributor.authorYilmaz, Ensar
dc.contributor.institutionauthorYILMAZ, Ensar
dc.date.accessioned2026-06-27T13:29:03Z
dc.date.issued2014
dc.description.abstractThe paper, using a simple theory-based measure of the variations in aggregate economic efficiency in a New Keynessian structure, analyses the nature of the business fluctuations and estimates their welfare costs in Turkey during the period 1998-2009. The measure contains two components: a price markup and a wage markup. It seems that the latter mainly drives the fluctuations in Turkey. The paper also shows that inefficient fluctuations in the allocation of resources do generate moderate welfare costs on average. However, the aggregate efficiency costs increase much more during deep recessions.en
dc.description.urihttps://doi.org/10.1111/j.1467-8586.2012.00451.x
dc.identifier.doi10.1111/j.1467-8586.2012.00451.x
dc.identifier.eissn1467-8586
dc.identifier.endpage357
dc.identifier.issn0307-3378
dc.identifier.issue4
dc.identifier.startpage346
dc.identifier.urihttps://hdl.handle.net/20.500.14981/53116
dc.identifier.volume66
dc.identifier.wos000345642200003
dc.language.isoeng
dc.publisherWILEY
dc.relation.ispartofBULLETIN OF ECONOMIC RESEARCH
dc.subjectbusiness cycles
dc.subjectcountercyclical markups
dc.subjectwelfare costs
dc.subjectBusiness & Economics
dc.titleMARKUPS AND WELFARE COSTS OF BUSINESS CYCLES IN TURKEY
dc.typeArticle
dspace.entity.typePublication
local.import.sourceWOS

Dosyalar

Koleksiyonlar

Yayınlar