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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
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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
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Erweiterung der EU und Reform des EZB-Rats
Belke, Ansgar; Kruwinnus, Dirk - In: Wirtschaftsdienst 83 (2003) 5, pp. 325-333
Von der Aufnahme der neuen Mitglieder in die Europäische Union wird ab 2006 auch der Rat der Europäischen Zentralbank betroffen sein. Wie sollte sich die Mitgliederzunahme im EZB-Rat widerspiegeln? Welche Reformmodelle für die Abstimmungsregeln werden diskutiert? Wie sind diese Modelle zu...
Persistent link: https://www.econbiz.de/10010302906
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Reform of the decision-making rules of the ECB Council in view of EMU enlargement
Friedrich, Ingo; Belke, Ansgar; Gros, Daniel; Meade, … - In: Intereconomics 38 (2003) 3, pp. 116-131
Persistent link: https://www.econbiz.de/10010271662
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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
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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
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Economic Policy in the Presence of Globalisation: Report on Hans-Werner Sinn’s 60th Birthday Conference
Sherman, Heidemarie C. - In: CESifo Forum 09 (2008) 2, pp. 28-36
Persistent link: https://www.econbiz.de/10011695896
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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
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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