This paper assesses the role of sovereign risk in explaining macroeconomic fluctuations in Turkey. We estimate two … active monetary policy and stronger fiscal feedbacks from debt on taxes can lead to less volatile inflation and debt dynamics …

This paper aims to investigate the interaction between monetary and fiscal policies in Turkey. For this purpose, a …

faced the emergence of macroeconomic problems such as affectively using public resources, budget deficit and inflation. As a … result, Keynesian economic policies and the stagnation experienced in following high inflation years have faced economies … approaches developed for solving the problem. One of the new economic approaches was Constitutional Economic Theory. The theory …