Turkey's recovery from its debt crisis ( 1978 - 80 ) has made it the paragon of export led growth. The driving force behind the Turkish export miracle has remained a matter of debate. If what happened in Turkey was a spillover of its proximity to the Middle East, there is little other countries...

Against the backdrop of major changes in Turkey's development strategy and policy regimes, the paper provides an assessment of the aggregate performance of the non financial state-owned enterprise (SOE) sector, and examines the nature and process of reform initiatives during the decade of...

Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and financial fragility. We take a structural macroeconomic model with frictions in the financial intermediation process, in line with recent research, but introduce asset choice...

Climate skeptics typically argue that the possibility that global warming is exogenous, implies that we should not take additional action towards reducing emissions until we know what drives warming. This paper however shows that even climate skeptics have an incentive to reduce emissions: such...