Aytac, Ozlem - In: Economic Modelling 46 (2015) C, pp. 100-117
This paper attempts to explain the ERBS syndrome in Turkey by appeal to weak credibility cum sticky prices. By … developing a model specifically for the 2000–2001 heterodox ERBS program in Turkey, I also depart from the existing literature … observed after the implementation of the program in Turkey. In order to assess the model's quantitative performance; it is …