The paper examines the effects of exchange rate fluctuations on real output, the price level, and the real value of components of aggregate demand in Turkey. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency...

This paper examines the roles and interrelationships among the main macroeconomic variables, namely the exchange rate, inflation rate, interest rate and real GDP in Turkey. It provides a descriptive data analysis in order to understand the behaviour of each variable and to explain the...