Thesiss

Macroeconomic stability is one of the most important national objectives in any country. However, economies are often subjected to a number of shocks (internal and external), which can be destabilising, produce volatility and make it difficult to achieve and maintain economic st…

This study aims to contribute monetary economics by studying monetary transmission channels in Turkey, an economy experiencing rapid structural change, rendering structural models very fragile. A case is made for using VAR techniques to measure monetary policy and reaction to it…

This dissertation considers two distinct issues in macroeconomics. The first is the effect of tax changes on the level of productivity of an economy and the second concerns the implications of cross-national migration for long-run growth and welfare. In the first chapter, I anal…

This study tests the size effect in the London Stock Exchange, using data for all nonfinancial listed firms from January 1985 to December 1995. The initial tests indicate that average stock returns are negatively related to firm size and that small firm portfolios earn returns i…