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...

Real exchange rate misalignment measures deviations of actual real exchange rate from its long-run, or equilibrium, level. Policy makers and many researchers are interested in predicting and monitoring misalignment in the foreign exchange market, because, in many cases, it is closely related to...

As a result of the macroeconomic convergence process in the light of the 1991 Maastricht Treaty, the monetary union between most of the EU countries started on January 1, 1999. Meanwhile, ten formerly eastern block countries and the Southern Section of Cyprus are preparing their economy for a...

In this paper, the author presents a simple theoretical framework to discuss the potential contributions of free trade zones on the host country. Then, he mainly concentrates on the effects of free zones in Turkey on the Turkish economy. Note: This is the revised version of the paper which is...

This paper briefly summarizes and discusses that type of new growth models which are based on externalities created by investments in human capital. ***** TURKCE OZET: Bu makalede, yeni/içsel buyume modellerinin beseri sermayeye dayali turlerini ozetlemekte ve degerlendirmektedir. [Calisma...

This paper briefly discusses the possible effects of the introduction of the Euro on Turkish economy. It is mainly based on the analytical framework presented in Kibritcioglu (2001, ewp-mac/0301004). ***** TURKCE KUNYE: Kibritcioglu, A. (2000), 'Euro'nun Türkiye Ekonomisi Üzerindeki Etkileri...

This paper summarizes new developments in world trade, technological changes worldwide and their implications for recent theoretical studies in economics. After defining the economic globalization and schematizing its relations with international trade, economic growth and technological change,...

After experiencing high and persistent inflation for more than two decades, Turkey is entering a period of single-digit inflation again. Following a summary of the macroeconomic developments occurred since early 1970s, this paper attempts to survey the empirical literature both on the dynamics...