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Thesis (M.A.) from the year 2010 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A-, Central European University Budapest, language: English, abstract: Using of developments of the last decade in Bayesian estimation, I estimate a small open economy Dynamic Stochastic General Equ ilibr ium (DSGE) model fo r Turkey. The thesis explicitly accounts for a monetar y regime change fro m an exchange rate targeting to an exp licit inflation targeting with a flexible exchange rate. In both regimes, I investigate the behavior of the monetary authority and the...

Research Paper (postgraduate) from the year 2009 in the subject Economics - Job market economics, grade: none, Central European University Budapest, language: English, abstract: This paper aims to analyze the change in return to schooling in Hungary, via comparing communism and market economy periods. As the philosophy of each system is very different, it causes differences in treatment of factors of production as well. While getting familiar with main literature of this topic, it turns out that there is not consensus about the main driving philosophy of communism in terms of organizing...