Browsing by Author "Yuksel, Ebru"

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Citation - WoS: 3
Cyclical Behavior of Stock Exchange Index by Sectors: a Case From Turkey
(Elsevier Science Bv, 2012) Yuksel, Ebru; Bayrak, Ozlem Turker
In this study, the relation between the cyclical behaviors of stock market indices of industry, service, finance and technology sectors at Istanbul Stock Exchange and gross domestic product of Turkey between the 1998 January and 2011 September, is analyzed. The results suggest that stock exchange indices move in the same direction with economic activity and stock market leads the economy by about one quarter. However, when the sectoral differences are considered, movements in technology sector index are transmitted to economy in two months whereas it is three months for the industrial and service sector. The slowest sector is the financial sector for which pass-through speed is four months. (C) 2012 Published by Elsevier Ltd. Selection and/or peer review under responsibility of Prof. Dr. Huseyin Arasli
Citation - WoS: 15
Citation - Scopus: 12
Effects of Adopting Inflation Targeting Regimes on Inflation Variability
(Elsevier Science Bv, 2007) Berument, Hakan; Yuksel, Ebru
This paper investigates whether inflation-targeting programs have altered the pattern of inflation and its variability for five developed countries and four emerging economies implementing inflation-targeting programs. A GARCH specification is used to model inflation variability, which accounts for public perception of the future levels of inflation variability-conditional variance. We could not find lower conditional inflation expectations except for Australia, Chile and Sweden under various specifications. Moreover, the conditional variance decreases only for Chile and the UK. Therefore, the empirical support for the lower inflation and its variability for the inflation targeting regimes is limited. (c) 2006 Elsevier B.V. All rights reserved.