In this paper we provide a brief account of the Turkish economy during the last twenty years. After the implementation of a structural change and reform program in 1980, the economy experienced a relatively high growth rate of the Gross Domestic Product, a healthy balance of payments situation...

We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage inequality and unemployment. In contrast, if there are...

We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage inequality and unemployment. In contrast, if there are...