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A New Method to Measure Economic and Financial Uncertainty in Turkey

Mehmet Huseyin Bilgin

出版	SSRN, 2019
URL	http://books.google.com.hk/books?id=HDwAzwEACAAJ&hl=&source=gbs_api

註釋

This paper aims to measure the level of economic and financial uncertainty in Turkey. More specifically, it constructs a search-based 'Turkish Economic and Financial Uncertainty Index' (TEFUI) and employs the real-time monthly Google Trends data to cover the period from January 2004 to December 2018. The paper considers more than four hundred potential words to construct the TEFUI to generate the baseline TEFUI. The findings from both the correlation analysis and the Impulse-Response shocks of the Vector Autoregression models indicate that the TEFUI is significantly related to various indicators of the domestic economy and global uncertainty indices.