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We estimate a seven-variable-VAR for the U.S. economy on postwar data using long-run restrictions, taking changes in long-run interest rates and inflation expectations into account. We find a strong connection between oil prices and long-run nominal interest rates which has lasted throughout the...
Persistent link: https://www.econbiz.de/10003983006
The crisis of Southern Sudan and eminent secession in 9 July 2011 is a nightmare to the Sudanese national economy. The dependence on oil revenue that controlled the country for the past 11 years and negligence of the other real economy's economic sectors, agriculture and industry severely...
Persistent link: https://www.econbiz.de/10014043125
This paper investigates the role of inflation and output uncertainties on monetary policy rules in Turkey for the … function of the Central Bank of the Republic of Turkey (CBRT). In addition to inflation and output gap variables, our reaction … Republic of Turkey (CBRT) concerns with mainly price stability and significantly responds to inflation and growth uncertainties. …
Persistent link: https://www.econbiz.de/10012217428
Turkey. …
Persistent link: https://www.econbiz.de/10012217875
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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