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Spurious regression problem in Kalman Filter estimation of time varying parameter models
(Bilkent University, 2010)
This thesis provides a simulation based study on Kalman Filter estimation of time varying parameter models when nonstationary series are included in regression equation. In this study, we have performed several simulations ...
Welfare implications of inflation on Turkish economy
(Bilkent University, 2011)
Inflation is an obstacle in the decision-making processes of agents in an economy. In order to make better decisions under periods of inflation, agents need to spend extra effort, and this creates a loss in welfare. This ...