interest rates, either direct or through the output gap and inflation while, in general, the effects of monetary policy on …

, 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 …

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 …

reduce the budget deficit and lower the underlying rate of inflation. The paper develops an input-output model to investigate …

and three-digit inflation. A decade later, Turkey has a comfortable balance-of-payments situation, and holds considerable …, despite some initial success in the early 1980s, inflation remains high and the public sector budget is out of control … 1980s cushioned the fiscal squeeze, and allowed a relatively painless reduction in inflation alongside a process ofexport …