%0 Journal Article
%T Structural Changes and Purchasing Power Parity in Turkish Exchange Rates
%A Ahmet Koncak
%A H¨¹seyin A£¿£¿r
%A £¿a£¿£¿n Karul
%A £¿lhan K¨¹£¿¨¹kkaplan
%J -
%D 2019
%X We re-examine the purchasing power parity (PPP) hypothesis for Turkey by concentrating on modelling structural changes as sharp (with dummy variables) and smooth (with a Fourier approximation) process. The results show (i) more evidence in favor of PPP hypothesis when structural changes are taken into account and (ii) modelling the shifts with different approaches plays a crucial role for policy implications
%K PPP hypothesis
%K Structural shifts
%K Turkey
%U http://dergipark.org.tr/akusosbil/issue/43639/471934