Showing 1 - 10 of 17
implications for Turkey in determining equilibrium exchange rates with her major trading partners. …
Persistent link: https://www.econbiz.de/10010931054
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 …
Persistent link: https://www.econbiz.de/10011208957
Should privately informed agents with diverging interests act independently or should they commit to a mechanism? This paper analyzes different communication and decision protocols when communication involves delay. It studies under which conditions agents should (i) choose their actions...
Persistent link: https://www.econbiz.de/10005498109
The paper offers an analysis of current account dynamics and its sustainability in Turkey using quarterly data. The …
Persistent link: https://www.econbiz.de/10010781972
This paper uses a unique monthly data set that covers the overall credit card usage in a small-open economy, Turkey, to … 2002–2009. It is shown that, during the recent financial crisis that has started in 2007, the monetary policy of Turkey has …
Persistent link: https://www.econbiz.de/10010577125
conditions. The empirical investigation covers three countries, Egypt, Morocco and Turkey, and is based on the Demographic and …
Persistent link: https://www.econbiz.de/10010719394
perfect foresight dynamic general equilibrium models to study growth performance of Turkey from 1968 to 2004. Our benchmark …
Persistent link: https://www.econbiz.de/10011048682
This paper investigates changes to the macroeconomic transmission mechanism in Turkey following a major reform of …-reform, the response of Turkey to macroeconomic shocks has changed to be similar to those in other modern, market …
Persistent link: https://www.econbiz.de/10011048778
Turkey has the lowest hours worked (the product of total employment and annual hours per worker, divided by the size of … growth model accounts for the decline in total hours worked during 1998–2009 in Turkey. Hours worked increased in Turkey …-varying taxes on consumption and labor play significant roles in explaining the hours worked in Turkey. The model without …
Persistent link: https://www.econbiz.de/10011048785
This paper attempts to answer the following question: Can a small-open-economy real business cycle (RBC) model driven by nonstationary productivity shocks explain business cycles in emerging economies? This question is addressed by estimating a dynamic stochastic general equilibrium model for...
Persistent link: https://www.econbiz.de/10011048916