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Risk, utility-enhancing government expenditure, and the world economy
Erauskin-Iurrita, Inaki - EconWPA - 2004
This paper analyzes the influence of risk and the expenditure policy of the public sector in a two-country stochastic … study the impact of risk and the public sector on consumption-wealth ratio, growth and welfare, given the exogenous size of … parameters, risk specially, on the optimal size. Then we establish that a higher weight of public consumption in the utility …
Persistent link: https://www.econbiz.de/10005408150
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Risk, productive government expenditure, and the world economy
Erauskin-Iurrita, Inaki - EconWPA - 2004
This paper analyzes the expenditure policy of the public sector and risk in a two-country stochastic AK growth model … public spending on productivity and risk diversification. …
Persistent link: https://www.econbiz.de/10005556589
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Financial Liberalization Era in Turkey: Critique on Decree No.32
Koska, Onur - EconWPA - 2005
“Financial Liberalization” winds had blown for 1980s’ Turkey, affected from developed nations, resulted from the efforts of keeping in step with world trend, and hence the law that had been put into practice in 1989, “decree no.32”, had not only affected its era, also had left...
Persistent link: https://www.econbiz.de/10005076682
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The Real Interest Differential Model after Twenty Years
Isaac, Alan G.; Mel, Suresh de - EconWPA - 1999
It has been twenty years since Frankel (1979) offered the classic empirical support for the Dornbusch (1976) overshooting model against the simple monetary approach model, and almost that long since Driskill and Sheffrin (1981) uncovered some important inconsistencies between Frankel’s...
Persistent link: https://www.econbiz.de/10005124947
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Turkiye'de Akaryakit Urunu Fiyat Gelismeleri ve Enflasyon: Yeni Bulgular (= Changes in Prices of Oil Products and Inflation in Turkey: New Evidence)
Kibritcioglu, Aykut - EconWPA - 2003
Ham petrol ithal fiyatlarindaki degismeler dolayisiyla akaryakit urunlerinin yurtici fiyatlarinda meydana gelen degismelerin Turkiye'deki olasi enflasyonist ve/veya deflasyonist etkileri, Kibritcioglu ve Kibritcioglu (1999) tarafindan kuramsal ve olgusal bilgiler isiginda sematik ve ampirik...
Persistent link: https://www.econbiz.de/10005126125
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Ham Petrol ve Akaryakit Urunu Fiyat Artislarinin Turkiye'deki Enflasyonist Etkileri (= Inflationary Effects of Increases in Prices of Improted Crude-Oil and Oil-Products in Turkey)
Kibritcioglu, Aykut; Kibritcioglu, Bengi - EconWPA - 2003
Ham petrol fiyatlarindaki artislarin petrol ithalatcisi ulkelerdeki olasi enflasyonist etkileri, ozellikle 1970’li yillarda Dunya’da yasanan iki buyuk petrol krizinden bu yana tartisilir olmustur. Bir ham petrol ithalatcisi olan Turkiye’de de, enflasyonun onemli kaynaklarindan birinin ham...
Persistent link: https://www.econbiz.de/10005126442
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Recent Increases in Prices of Oil Products and their Possible Effects on the 2001-2002 Disinflation Program in Turkey (in Turkish)
Kibritcioglu, Aykut - EconWPA - 2005
Following the financial crises in November 2000 and February 2001, the Turkish government canceled the 2000-2002 disinflation and economic restructuring program on February 22, 2001, and introduced a new macroeconomic-policy program on April 14, 2001. According to this new program, the annual...
Persistent link: https://www.econbiz.de/10005412705
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Unit Roots, Nonlinear Cointegration and Purchasing Power Parity
Haug, Alfred A.; Basher, Syed A. - EconWPA - 2004
We test long–run PPP within a general model of cointegration of linear and nonlinear form. Nonlinear cointegration is tested with rank tests proposed by Breitung (2001). We start with determining the order of integration of each variable in the model, applying relatively powerful DF–GLS...
Persistent link: https://www.econbiz.de/10005556283
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Transmission of Demographic Shock Effects from Large to Small
Kenc, Turalay; Sayan, Serdar - EconWPA - 1998
This paper addresses an issue that has been overlooked in the literature on the effects of population ageing: Transmission onto small countries of the economic effects of population ageing, a natural, demographic outcome of the shock that many large industrial countries experienced in the form...
Persistent link: https://www.econbiz.de/10005556703
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What Do Capital Inflows Do? Dissecting the Transmission Mechanism for Thailand, 1980-96
Jansen, W. Jos - EconWPA - 2003
external solvency risk. Current account deficits are temporary, thus sustainable, as exports catch up with higher imports …
Persistent link: https://www.econbiz.de/10005561174