Economic and financial stability under uncertainty in the US: insights from Fourier analysis

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dc.contributor.authorPolat, Mehmet Ali
dc.contributor.authorAkbas, Yusuf Ekrem
dc.contributor.authorSancar, Canan
dc.contributor.authorSit, Ahmet
dc.date.accessioned2026-06-19T06:39:34Z
dc.date.available2026-06-19T06:39:34Z
dc.date.issued2026
dc.departmentMalatya Turgut Özal Üniversitesi
dc.description.abstractIn the aftermath of the 2008 Global Financial Crisis, the occurrence of financial turmoil even in developed economies has sparked renewed debates on financial stability and caused the rise of the relevance of the variables employed to represent financial stability, which has gained increasing importance in the literature. This study investigates the impact of economic stability and uncertainty on financial stability in the United States over the period 1970 to 2022. Financial stability is proxied by the index developed by Owoundi, Mbassi, and Owoundi (2021), while economic stability is captured through the International Country Risk Guide (ICRG 2014) index. The relationship among the variables is examined using the Fourier methodology. The empirical findings reveal that economic stability exerts a positive influence on financial stability, whereas economic uncertainty negatively affects financial stability only in the long run. The causality analysis further indicates a unidirectional causal flow from economic stability and economic uncertainty to financial stability, in line with the coefficient estimates. Additionally, the results demonstrate bidirectional linkages between financial stability and economic stability.
dc.identifier.doi10.1080/00036846.2026.2646334
dc.identifier.issn0003-6846
dc.identifier.issn1466-4283
dc.identifier.scopus2-s2.0-105033069934
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://doi.org/10.1080/00036846.2026.2646334
dc.identifier.urihttps://hdl.handle.net/20.500.12899/5678
dc.identifier.wosWOS:001716344300001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofApplied Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20260612
dc.subjectFinancial Stability
dc.subjectEconomic Stability
dc.subjectUncertainty
dc.subjectC32
dc.subjectE52
dc.subjectE58
dc.subjectG17
dc.titleEconomic and financial stability under uncertainty in the US: insights from Fourier analysis
dc.typeArticle

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