Ozer Arabaci

• PhD
• Bursa Uludağ Üni̇versi̇tesi̇

Investors should be aware of the information flow across the markets to develop investment policies. The volatility spillover relationships between spot and futures markets includes significant knowledge for the composition of optimal portfolios. In the present study, the relationship between spot and futures markets in Turkey was investigated base...

Exchange rate movements can significantly impact not only foreign trade, capital flows, and asset portfolio management, but also real economic activity. Therefore, the forecast of exchange rates has always been of great interest among academics, economic agents, and institutions. However, exchange rate series are essentially dynamic and nonlinear i...

Bu çalışma 2012:01-2018:06 dönemi için Türkiye’de tüketici güven endeksi ile döviz kuru arasındaki ilişkiyi, eşbütünleşme yöntemi ve nedensellik analizini kullanarak araştırmaktadır. Tüketici güveninin, konjonktürel dalgalanmaların öngörülmesi ve anlaşılmasında önemli rol oynadığı hususunda literatürde bir görüş birliği mevcuttur. Küçük açık ekonom...

The study applies the flexible nonlinear inference approach of James D. Hamilton (2001) to investigate the relationship between cyclical components of unemployment and output in the Turkish economy where the unemployment rate remains at double digits despite the relatively stable economic environment over the last decade. The paper shows that econo...

Under the dominant role of a belief function, Farmer argues that the stock market is the Granger cause of the unemployment rate, which implies that the natural rate hypothesis is an outdated idea. This article provides some new empirical evidence supporting this view using threshold cointegration and asymmetric error correction models. The results...

The study applies the flexible nonlinear inference approach of James D. Hamilton (2001) to investigate the relationship between cyclical components of unemployment and output in the Turkish economy where the unemployment rate remains at double digits despite rapid economic growth and relatively stable economic environment over the last decade. The...

The purpose of this study is to investigate the effects of different levels of Organizational Identification (OI) and Education variables as moderators on the relationship between Percived External Prestige (PEP) and Organizational Commitment (OC). Study carried out among 206 white collor employees who were working automotive industry firms in Burs...

This study investigates the dynamics of inflation for Turkish economy from 1990 to until 2013 under the New Keynesian Philips Curve framework by using the non-causal time series methodology developed by Lanne and Saikkonen (2011) and Lanne and Luoto (2013). There is a vigorous ongoing debate on the appropriate specification of the New Keynesian Phi...

EXCHANGE RATE CHANNEL IN TURKEY: 2002-2008 PERIOD In this study, the functioning of the exchange rate channel is analyzed within the term that the last two IMF agreements were valid. For this purpose, the weight of the exchange rate within a policy shock is estimated in the first place and after that it is tested whether there is a structural diffe...

The degree of pass-through from exchange rate changes into domestic inflationwhich is known as exchange rate pass through (ERPT) is crucial for implementing monetary policy. The level of the ERPT affects inflation forecasts and monetary transmission mechanism and setting monetary policy. Central banks aiming at stabilizing prices need to know how t...

In this paper, it is investigated that whether there is nonlinearity in the monetary policy reaction function of CBT or not. By using the methodology developed by Dolado et all. (2005), it is found that there is a significant evidence of nonlinearity which is emanated from concavity of Phillips curve in the monetary policy reaction function of CBT....