Showing 1 - 10 of 363
and three-digit inflation. A decade later, Turkey has a comfortable balance-of-payments situation, and holds considerable …In late 1979 Turkey found itself in the throes of a foreign exchange crisis, with widespread shortages, negative growth …, despite some initial success in the early 1980s, inflation remains high and the public sector budget is out of control …
Persistent link: https://www.econbiz.de/10005281400
, control of inflation and control over the growth of national wealth, and a third outcome of importance, a high level of …). The assignment problem considers whether fiscal policy should be used to control inflation, leaving monetary policy to …
Persistent link: https://www.econbiz.de/10005497740
new conventional wisdom concerning the fiscal roots of inflation and the budgetary prerequisites for generating and … yields ambiguous predictions concerning the response of inflation to an increase in the fundamental deficit. In addition the … omission of government bonds and borrowing in his analysis. There is not yet any "deep structural" theory justifying the …
Persistent link: https://www.econbiz.de/10005666524
natural rate of unemployment. In addition, because of differential inflation across countries, real exchange rates become …
Persistent link: https://www.econbiz.de/10005666792
Cross-country evidence on inflation and inequality suggests that they are positively correlated. I explore the …
Persistent link: https://www.econbiz.de/10005792380
The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of the developing economies of the South. The last...
Persistent link: https://www.econbiz.de/10008468628
Should privately informed agents with diverging interests act independently or should they commit to a mechanism? This paper analyzes different communication and decision protocols when communication involves delay. It studies under which conditions agents should (i) choose their actions...
Persistent link: https://www.econbiz.de/10005498109
distribution of public investment in the 81 provinces of Turkey between 2004 and 2012. Our results show that, although electoral …
Persistent link: https://www.econbiz.de/10011083396
In this paper, we evaluate the impact of Turkey's membership on EU voting. The aspects that we discuss are decision …
Persistent link: https://www.econbiz.de/10005792179
be held constant in the face of a domestic inflation. In this circumstance, import duties and export subsidies would have … in line with domestic inflation. Unless such a passive policy is accompanied by the elimination of trade barriers …
Persistent link: https://www.econbiz.de/10005504441