Developing the National Strategy for Sustainable Development (SNDD) is the result of the obligation assumed by Romania, as a member of the European Union, in accordance with the objectives agreed at EU and methodological prescriptions of the European Commission. Defining element of this policy...

Bu çalışmada VAR modeli kullanılarak 1988:4-2005:4 dönemlerini kapsayan üç aylık verilerle Türkiye’de uygulanan para, maliye ve kur politikalarının başta reel GSYİH olmak üzere seçilmiş bazı makroekonomik değişkenler üzerindeki etkileri araştırılmaktadır. Para...

The dynamic properties of macroeconomic models are typically characterised by having a combination of stable and unstable eigenvalues. In a seminal paper, Blanchard and Kahn showed that, for linear models, in order to ensure a unique solution, the number of discontinuous or “jump” variables...

It is generally accepted that the recent economic crisis of 2007-2010 has caused widespread economic recession in different countries. Since the ports and coastal regions are of great importance to economic infrastructure, this study examined the possible impact resulting from such a global...

Amid global financial turbulent, the economy of Indonesia posted an annual average growth of above 6 per cent between 2008 and 2012, except in 2009. This was arguably among the most stable growth performance among the regional economies of East and Southeast Asia. The strength of domestic demand...

From a neo liberalist’s perspective FDI triggers technology spillovers, assists human capital formation, contributes to international trade integration, helps to create a more competitive business environment and enhances enterprise development. This will contribute to higher economic growth,...

To handle the sovereign debt crisis in general and macroeconomic imbalances in particular the leading EU institutions (the Troika) adopted two broad approaches: The short-term approach is based on enhancing the Stability and Growth Pact and to imposing fiscal austerity on crisis countries. The...

An attempt is made to outline the role and importance of exchange rate regimes on the way to the Euro. The differences between the concepts “currency regime” and “exchange rate regime” are clarified. The types of currency regimes and exchange rate regimes are systematized. The...

By developing a class of dynamic stochastic general equilibrium models with nominal rigidities and assuming a two-country currency union with sovereign risk, we show that there is not necessarily a trade-off between the prevention of default risk and stabilizing inflation. Under optimal monetary...

The objective of this paper is to analyze the concept and determinants of "sovereign risk" and the role of the credit risk rating agencies which serve internationally as the main reference instruments employed by economic agents to assess this risk. The paper also tries to identify macroeconomic...