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economy: Turkey. When the ratios of the total foreign exchange liabilities of the Central Bank of the Republic of Turkey (CBRT …
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components of aggregate demand in Turkey. The theoretical model decomposes movements in the exchange rate into anticipated and … growth of real output and the demand for investment and exports, while raising price inflation. Unanticipated exchange rate …
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In Economic theory, the impact of government debt through wealth effects that enhance the likelihood of real effects in an economy, in which the Ricardian Equivalence fail to hold, is investigated in many studies.Under active fiscal policies as puth foth by Leeper (1991), to equate the...
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