Inflation And Disinflation In Turkey

Author : Faruk Selcuk
Publisher : Routledge
ISBN 13 : 135173928X
Total Pages : 190 pages
Book Rating : 4.83/5 ( download)

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Download or read book Inflation and Disinflation in Turkey written by Faruk Selcuk and published by Routledge. This book was released on 2018-04-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease in economic performance compared to other European states. This study addresses the country's ongoing economic struggles.

Author : Faruk Selcuk
Publisher :
ISBN 13 : 9781315187167
Total Pages : pages
Book Rating : 4.67/5 ( download)

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Download or read book Inflation and Disinflation in Turkey written by Faruk Selcuk and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease in economic performance compared to other European states. This study addresses the country's ongoing economic struggles."--Provided by publisher.

Author : Pierre-Richard Ag??nor
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 119 pages
Book Rating : 4./5 ( download)

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Download or read book Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey written by Pierre-Richard Ag??nor and published by World Bank Publications. This book was released on 2012 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the effects of monetary policy and fiscal adjustment on output and unemployment in Turkey. The model on which the analysis is based accounts for rural-urban migration, a large urban informal sector, flexible exchange rates, a dollarized banking system, and interactions between default risk on government liabilities, credibility, and inflation expectations. The short- and long-run effects of a rise in official interest rates and tax increases are analyzed. The results highlight the importance of accounting for the link between default risk and credibility in understanding the real and financial effects of macroeconomic adjustment.

Author : Oya Celasun
Publisher : International Monetary Fund
ISBN 13 : 145184686X
Total Pages : 21 pages
Book Rating : 4.67/5 ( download)

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Download or read book Would "Cold Turkey" Work in Turkey? written by Oya Celasun and published by International Monetary Fund. This book was released on 2003-03-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Persistently high inflation rates have led many to believe that inflation in Turkey has become "inertial," posing an obstacle to disinflation. We assess the empirical validity of this argument. We find that the current degree of inflation persistence in Turkey is lower than in Brazil and Uruguay prior to their successful stabilization programs. More significantly, expectations of future inflation are more important than past inflation in shaping the inflation process, providing little evidence of "backward-looking" behavior. Using survey data, we find that inflation expectations, in turn, depend largely on the evolution of fiscal variables.

Author : Luc Everaert
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4./5 ( download)

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Download or read book Inflation Stabilization in Turkey written by Luc Everaert and published by World Bank Publications. This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adding estimated behavioral equations to the standard RMSM- X model allows it to simulate the short- run consequences of inflation stabilization.

Author : Ms.G. C. Lim
Publisher : International Monetary Fund
ISBN 13 : 1451858388
Total Pages : 33 pages
Book Rating : 4.89/5 ( download)

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Download or read book An Econometric Analysis of the Determinants of Inflation in Turkey written by Ms.G. C. Lim and published by International Monetary Fund. This book was released on 1997-12-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: High and variable inflation has been a central feature of the Turkish economy since the 1970s. This paper seeks to shed some light on the determinants of inflation in Turkey by analyzing price determination within the framework of a multi-sector macroeconomic model during 1970–95. The main findings are that monetary variables (initially money, more recently the exchange rate) play a central role in the inflationary process, that public sector deficits contribute to inflationary pressures, and that inertial factors are quantitatively important. Policymakers’ commitment to active exchange rate depreciation on several occasions in the past 15 years has also contributed to the inflationary process.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451837984
Total Pages : 180 pages
Book Rating : 4.88/5 ( download)

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Download or read book Turkey written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-12-03 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Turkey during 1992–96. The Turkish economy rebounded in 1995, with real gross national product rising by 8.1 percent, reversing the decline of 6.1 percent in 1994. A strong pickup in activity in the second and third quarters of 1995 more than compensated for the continued weakness in the first quarter and a slight decline in the fourth quarter caused by uncertainty in the run-up to the elections. Industry performed strongly, with a growth rate of 12.1 percent, followed by services (6.4 percent) and agriculture (2.6 percent).

Author : Pierre-Richard Agénor
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.95/5 ( download)

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Download or read book Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey written by Pierre-Richard Agénor and published by World Bank Publications. This book was released on 2006 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the effects of monetary policy and fiscal adjustment on output and unemployment in Turkey. The model on which the analysis is based accounts for rural-urban migration, a large urban informal sector, flexible exchange rates, a dollarized banking system, and interactions between default risk on government liabilities, credibility, and inflation expectations. The short- and long-run effects of a rise in official interest rates and tax increases are analyzed. The results highlight the importance of accounting for the link between default risk and credibility in understanding the real and financial effects of macroeconomic adjustment.

Author : Prakash Kannan
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451871098
Total Pages : 31 pages
Book Rating : 4.90/5 ( download)

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Download or read book Perspectives on High Real Interest Rates in Turkey written by Prakash Kannan and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-10-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Turkish economy is typically characterized as having particularly high real interest rates. Fundamental considerations, such as high growth rates or high returns to capital, do not provide a satisfactory resolution of this puzzle. Instead, we find that two other factors- doubts about the sustainability of disinflation and the existence of a risk premium-have a significant impact on the level of real interest rates in Turkey. Importantly, fiscal policy variables are shown to affect both these factors, suggesting that a more credible and prudent fiscal policy can help reduce real interest rates in Turkey.

Author : Alper Kara
Publisher : Palgrave Macmillan
ISBN 13 : 9781403997111
Total Pages : 224 pages
Book Rating : 4.1X/5 ( download)

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Download or read book Turkish Banking written by Alper Kara and published by Palgrave Macmillan. This book was released on 2009-01-15 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alongside the successful IMF-led disinflation program, the potential start of negotiation talks for Turkey's membership of the European Union is likely to intensify the interest of foreign investors in Turkey's economy. This book explores the evolution and performance of the Turkish banking sector. In particular, the repercussions of overall economic structure, financial crises and political instability on its financial sector are analyzed. Further, the prospects for the future of banking sectors in the context of ongoing economic restructuring and EU integration are scrutinized.