Credit channel and capital flows: A macroprudential policy tool? Evidence from Turkey

Rapid credit growth induced by sudden capital inflows may negatively affect a country's economic performance, with the resulting outflows turning into a financial crisis. The purpose of this study is to determine whether controlling the credit channel of monetary policy could be used as a macroprudential tool to suppress the effects of sudden capital inflows on economic performance for small open economies like Turkey. In this paper, using the Vector Autoregression methodology employed by (Bernanke, S. B., M. Gertler, and M. Watson. 1997. "Systematic Monetary Policy and the Effects of Oil Price Shocks." Brookings Papers on Economic Activity 1: 91-157), we investigate whether shutting down the credit channel helps reduce the effects of capital inflows. Indeed, empirical evidence from Turkey shows that doing so decreases the effects of capital inflows on imports and industrial production, but further decreases interest rate and prices and further appreciates the domestic currency. Therefore, it may be prudent to support credit control with additional policy tools to prevent a further decrease in interest rate and prices and a further appreciation of the domestic currency. © 2016 by De Gruyter 2016

Multiple policy interest rates and economic performance in a multiple monetary-policy-tool environment

This paper assesses the individual effects on economic performance of different monetary policy interest rates for a central bank. To measure these effects, we employ an extension of existing Factor-Augmented Vector Autoregressive (FAVAR) models, such that the number of monetary policy variables can be captured with a few unobservable factors, as well as economic state variables with other unobservable factors. The empirical evidence from Turkey suggests that the four interest rates we consider as policy tools for the central bank affect economic state variables in different magnitudes. Thus, selecting different policy tools provides an environment that allows determining the effects of each tool for differentiated economic outcomes. © 2017 Elsevier Inc

INVESTIGATION OF THE COMPATIBILITY OF FASILLAR AND EFLATUNPINAR HITΤITE MONUMENTS WITH CLOSE-RANGE PHOTOGRAMMETRIC TECHNIQUE

There are two Hittite monuments in Konya whose names are Eflatunpınar and Fasıllar. Eflatunpınar is located approximately 25 km at the North of Beysehir town within Konya province in Turkey. Eflatunpınar monument is belonging to Hittite Empire Age, was known since XIX century. It is an open air temple of Hittite, 6.60 m wide and 7 m high, was built with large block stones. The second one known as Fasıllar Hittite monument lies on a hillside next to the Fasıllar village which is 16 km east of Beysehir town and it is a high relief monument which is made of basalt rock. It is commonly accepted that these two monuments had never been completely finished. J. Mellaart have suggested that Fasıllar monument was not in-situ position, it was moved from Eflatunpınar to Fasıllar village by the local people for decoration purposes. This means that ac-cording to J. Mellaart, Fasıllar monument is the part of Eflatunpınar monument. The objective of this study is to investigate whether Fasıllar monument was built for placing on the top of Eflatunpınar monument which is firstly raised a subject by J. Mellaart. For this purpose, three-dimensional (3D) digital model was created for each monument by close-range photogrammetric technique. By the help of the 3D digital models of these monuments, the unity between the monuments were investigated as an engineering approach

Cycle Duration in Production with Periodicity – Evidence from Turkey

In this paper, the sub-cycles in two economic activity measures are analyzed by using periodogram analyses. Our results from Turkish data suggest that industrial production and capacity utilization rate consist of various cycles including seasonal cycles. These series also have common cycles which correspond about four and seven years. Last, industrial production has also additional cycles compare to capacity utilization ratio cycle

The time-varying effect of inflation uncertainty on inflation for Turkey

We investigate the effect of inflation uncertainty on inflation from January 1982 through March 2016 for Turkey by using the Stochastic Volatility in Mean model with time-varying parameters. Our empirical evidence from consumer price index (CPI) inflation suggests that the observed positive relationship between inflation and inflation uncertainty is not robust. This positive relationship diminishes after 2002. This finding is valid for all five subcomponents of CPI inflation; however, for Health Services, Transportation Services, and Recreational and Cultural Services, an inflation-positive association is reported after 2010. © 2016 Informa UK Limited, trading as Taylor & Francis Group

Depression, anxiety, alexythymia and psychiatric comorbidity in chronic headache patients

WOS: 000461256105145[No abstract available

Determination of some quality parameters of fishballs prepared from raw and boiled fish

The shelf life of fishballs prepared using raw and boiled fish was examined during cold storage (+4 degreesC +/- 1). Sensory, physical (loss of weight), chemical (TVB-N, TMA-N) and microbiological analyses (aerobic mesophilic bacteria, total psychrophilic bacteria) of fishballs made from raw and boiled anchovies and stored under cold storage conditions were carried out every 3 days. All analyses were carried out with two repetitions. The shelf life of fishballs was 9 days at +4 degreesC +/- 1 according to the results of the sensory, physical, chemical and microbiological analyses

Morphometric evaluation of chinchillas (Chinchilla lanigera) femur with different modelling techniques [Chinchilla (Chinchilla lanigera) femur’unun farklı modelleme teknikleri ile morfometrik değerlendirilmesi]

Together with technological developments, different methods in anatomic and morphometric studies have been started to be used. In fact, in this study, more than one method was used and the reliability of these methods was presented. This study was performed in the aim of getting 3D model with three dimensional (3D) reconstruction and photogrammetric methods obtained from multidetector computerized tomography (MDCT) images of femur of chinchilla by mimics program, comparing the data of both methods and presenting whether there was a difference between genders as well as left and right sides. For this purpose, 6 chinchillas of both sexes were used. First of all, MDCT images of animals were taken under general anaesthesia and 3D reconstruction was obtained after transferring the data to personal computer as DICOM format. After taking MDCT images, the femurs of the animals killed by the conventional methods were cleaned of muscle and fats by boiling and their 3D models was formed by using images via photogrammetric methods. The measurements were taken from the models of two methods and volume and surface area of femur were found significant at a level of p<0.05 as a result of statistical processes. According to this, a statistically difference was not found in morphometric measurement values except volume and surface area. Moreover, while a statistical difference was not found between right and left femur of both sexes, a difference was determined between sexes and it was observed that the measurement values of females were higher than males. As a result, since 3D models obtained by both methods had almost same values, it was considered that these methods could be used in anatomic and morphometric studies. © 2016, Veteriner Fakultesi Dergisi. All rights reserved

Seasonal variations in yield, fatty acids, amino acids and proximate compositions of sea urchin (Paracentrotus lividus) roe

Sea urchin (Paracentrotus lividus) roes are popular delicacy to human. in this study, seasonal variations in the yield, fatty acid, amino acid and proximate compositions of sea urchin roe were studied. The average yield was 5.45 +/- 2.21%. Protein, crude fat, moisture, ash and carbohydrate contents were 12.03 +/- 1.26%, 3.05 +/- 0.50%, 79.87 +/- 1.43%, 2.25 +/- 0.24%, and 2.80 +/- 2.41%, respectively. The fatty acids of C16:0, C20:5 n3 and C22:2 n6 were the important fatty acids, whereas the major amino acids were glutamic acid (non-essential, NE), glycine (NE), aspartic acid (NE), lysine (essential, E) and arginine (NE). The E/NE ratio was 0.58 +/- 0.01 and fatty acids were rich in PUFA. It was concluded that sea urchin roes are rich sources of unsaturated fatty acids, proteins and amino acids, which are the essential components of human nutrition