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policy uncertainty (EPU) index for Turkey and assess how it affects Turkish firms. To disentangle the issues of endogeneity …
Persistent link: https://www.econbiz.de/10011978593
the role of exchange rates in supporting growth and restoring external balance. In this paper, we use Turkey---a large and …
Persistent link: https://www.econbiz.de/10012102059
Following a period of disinflation during the 1990s and early 2000s, inflation in emerging markets has remained remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world trade and the broader globalization in these economies, or...
Persistent link: https://www.econbiz.de/10011932519
Persistent link: https://www.econbiz.de/10009424807
Persistent link: https://www.econbiz.de/10009424816
This paper examines the links between fiscal policy, capital inflows, and the real exchange rate in Turkey since the … late 1980s. After an overview of recent macroeconomic developments in Turkey, a vector autoregression model is estimated …
Persistent link: https://www.econbiz.de/10014400552
Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the current institutional framework for their relations with...
Persistent link: https://www.econbiz.de/10014400669
crisis have improved Turkey''s overall sovereign risk profile. Nonetheless, the country remains subject to bouts of … volatility, as evidenced most recently in the May/June 2006 market turbulence. This paper examines these changes in Turkey …''s risk profile using the Contingent Claims Approach (CCA), to quantify the evolution of Turkey''s sovereign risk, relate risk …
Persistent link: https://www.econbiz.de/10014401251
Growth and inflation in Turkey have been volatile over the last two decades. It would, therefore, be useful to identify … indicators for inflation and real output growth in Turkey. We find that (i) the forecasting ability of individual indicators is …
Persistent link: https://www.econbiz.de/10014401315
-have a significant impact on the level of real interest rates in Turkey. Importantly, fiscal policy variables are shown to … Turkey …
Persistent link: https://www.econbiz.de/10014401993