Browsing by Author "Omay, Tolga"

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Hysteresis hypothesis vs. structuralist view in Canada: a new test for the sharp break and smooth shift

Bolat, Süleyman; Belke, Murat; Omay, Tolga (Academy of Economic Studies, 2021)

We have investigated the hysteresis hypothesis using a newly proposed unit root test which considers both sharp breaks and smooth shifts in its testing process for Canada during the period 1960-2019 in this study. The ...
Re-examining the real interest rate parity hypothesis under temporary gradual breaks and nonlinear convergence

Hasanov, Mübariz; Omay, Tolga; Abioğlu, Vasif (Institute for Ionics, 2024)

This paper investigates the real interest parity hypothesis by testing stationarity of real interest rate differentials for 52 countries with respect to the USA. Taking account of the fact that both asymmetric adjustment ...