TESTING FOR THE FISHER HYPOTHESIS UNDER REGIME SHIFTS IN TURKEY: NEW EVIDENCE FROM TIME-VARYING PARAMETERS
This paper examines the validity of Fisher hypothesis in Turkey for the time period 1987Q1-2010Q3. For this purpose, we employ cointegration test with a structural break as well as time varying parameters approach (TVP) that takes into account the effects of regime or policy changes on the relation...
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| Format: | Article |
| Language: | English |
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EconJournals
2013-04-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://www.econjournals.com/index.php/ijefi/article/view/455/pdf |