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In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey … of Turkey, we find that the bond market behaves in accordance with the efficient markets hypothesis in Turkey in the 2002 …
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This study comes up with a measure of the structural budget balance for the Turkish economy between 2006-2010 in order to assess fiscal stance and evaluate the sensitivity of the budget balance with respect to the business cycles. Calculating structural budget balance requires three steps:...
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