Random walk, excess smoothness or excess sensitivity? Evidence from literature and an application for Turkish economy

This paper observes the Turkish household’ consumption data to see whether it follows random walk or not. The quarterly data covers the period from 1987:1 to 2003:4. By employing the direct tests for random walk, excess smoothness or excess sensitivity, this study results in both excess sensitivity...

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Bibliographic details
Main Author: Bilgili, Faik
Format: Paper
Language: English
Place of publication: 14.07.2010
Related: University Library of Munich, Germany
Data of publication: 2010/07/14
Series: MPRA Paper
Subjects:
Online Access: available in Bonn?
Database: RePEc
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