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of tax revenue suffered by the State as a result of deep and prolonged output contractions in the economy. Thus, in this …
Persistent link: https://www.econbiz.de/10010857192
Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...
Persistent link: https://www.econbiz.de/10011277023
Effective macroeconomic and structural policies helped Turkey bounce back quickly and strongly from the global crisis, with annual growth averaging close to 9% over 2010-11. However, the current account deficit widened to around 10% of GDP in 2011 and consumer price inflation rose to over 10%....
Persistent link: https://www.econbiz.de/10011277032
appreciation, and undermining the competitiveness of labour-intensive segments of the economy. Turkey is, therefore, faced with the … appear to go beyond the absorption and adaptation capacity of large segments of the economy. This chapter argues that …
Persistent link: https://www.econbiz.de/10005046055
Questions of interest among monetary policy makers involves the identification and analysis of various relationships between macroeconomic variables. To analyze these variables and their interrelations it is necessary to build a macroeconomic model which is based on a vector autoregressive, and...
Persistent link: https://www.econbiz.de/10008763701