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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 …
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The objective of this paper is to test empirical validity of Fear of Floating hypothesis for Turkey after the adoption …
Persistent link: https://www.econbiz.de/10010509199
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...
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This paper examines how the preferences of a large economy's central bank affect the trade-off between output and inflation volatility faced by the central bank of a small open economy by analysing the impact of a global cost-push shock. We demonstrate that under the assumption of producer...
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