Narrow search
Showing 1 - 10 of 284
Cover Image
Inflation and Disinflation in Turkey
Kibritçioğlu, Aykut; Rittenberg, Libby; Selçuk, Faruk; … - 2002
financial markets, and imperfect though vibrant and wide-based democracy, Turkey is often cited as a development model for other … in privatising state-owned enterprises, and high and persistent government budget deficits. In January 2000 Turkey …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises …
Persistent link: https://www.econbiz.de/10010513258
Cover Image
Monetary policy aspects of the enlargement of the Euro area
Lommatzsch, Kirsten; Tober, Silke - 2002
There is some evidence that interdependencies among European banks have increased over the past 15 years and that the potential of systemic risks in banking has shifted from a national level to a European level. / Whereas wholesale financial markets are considered to be highly integrated within...
Persistent link: https://www.econbiz.de/10010301751
Cover Image
Ankaras Wirtschaftspolitik in der Zwickmühle: Wie die EU ökonomisch und sicherheitspolitisch mit der Türkei kooperieren kann
Aydın, Yaşar - 2023
Wirtschaftspolitik setzen. Doch Zweifel daran bleiben. Ohnehin wäre ein entsprechender Kurswechsel kein Freiticket aus der …
Persistent link: https://www.econbiz.de/10014431754
Cover Image
Exchange rate and inflation under weak monetary policy: Turkey verifies theory
Gürkaynak, Refet S.; Kısacıkoğlu, Burçin; Lee, … - 2022
For the academic audience, this paper presents the outcome of a well-identifted, large change in the monetary policy rule from the lens of a standard New Keynesian model and asks whether the model properly captures the effects. For policymakers, it presents a cautionary tale of the dismal...
Persistent link: https://www.econbiz.de/10013202462
Cover Image
Worker heterogeneity, selection, and employment dynamics in the face of aggregate demand and pandemic shocks
Ravenna, Federico; Walsh, Carl E. - 2020
In a new Keynesian model with random search in the labor market, endogenous selection among heterogeneous workers amplifies fluctuations in unemployment and results in excess unemployment volatility relative to the efficient allocation. Recessions disproportionately affect lowproductivity...
Persistent link: https://www.econbiz.de/10012659972
Cover Image
Market constellations and macroeconomic policy-making: institutional impacts on economic performance
Heise, Arne - 2005
Post Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium but claims the existence of multiple equilibrium positions. In this article, such a multiple of equilibrium positions is explained by different market constellations which are...
Persistent link: https://www.econbiz.de/10010298499
Cover Image
Market constellations and macroeconomic policymaking: Institutional impacts on economic performance
Heise, Arne - In: Intereconomics 41 (2006) 5, pp. 272-281
Persistent link: https://www.econbiz.de/10010272107
Cover Image
The yield curve slope and monetary policy innovations
Gamber, Edward N.; Joutz, Frederick L. - 2005
We separate changes of the federal funds rate into two components; one reflects the Fed's superior forecasts about the state of the economy and the other component reflects the Fed's reaction to the public's forecast about the state of the economy. Romer and Romer (2000) found that the Fed...
Persistent link: https://www.econbiz.de/10010293721
Cover Image
Endogenous Indexing and Monetary Policy Models
Mash, Richard - 2007
Models in which firms use a rule of thumb or partial indexing in price setting are prominent in the recent monetary policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We consider the implications of firms choosing the optimal...
Persistent link: https://www.econbiz.de/10010295244