First Author:   Onur A. Koska University of Würzburg onur.koska@uni-wuerzburg.de   University of Wuerzburg, Department of Economics, Chair of International Macroeconomics (VWL2), Sanderring 2 Wuerzburg, 97070, Germany   00499313180735(Phone) 00499313180735(Fax) Second Author: Hakan Mıhcı Hacettepe University hakan@hacettepe.edu.tr   Hacettepe University, Department of Economics, Beytepe Ankara, 06800, Turkey   00903122978650 - 115(Phone) 00903122992003(Fax) Third Author: Selim Çağatay Akdeniz University and ERCMC selimcagatay@akdeniz.edu.tr   Akdeniz University, Department of Economics, Dumlupinar Boulevard Antalya, 07058, Turkey   00902423101850(Phone) 00902422274454(Fax)