The ultra-easy monetary policy has not been very effective in easing the debt overhang and stimulating spending – hence, the crisis is taking too long to resolve, entailing unnecessary losses of income and jobs and aggravating inequality. But it has generated financial fragility at home and...

2001 krizinden sonra 2007’ye kadar Türkiye ekonomisi uzun dönem ortalamasýnýn çok üzerinde büyüdü. Üstelik bu büyüme hýzý benzer ülkelerin büyüme hýzlarýnýn da üzerinde gerçekleþti. Ayný dönemde Türkiye mali disipline dayanan bir ekonomik programý uygulamaya koydu....

In this study, we examine the formal/informal sector earnings differentials in the Turkish labor market using detailed econometric methodologies and a novel panel data set drawn from the 2006-2009 Income and Living Conditions Survey (SILC). In particular, we test if there is evidence of...

This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally...

Especially, after the 2000s, many developing countries let exchange rates float and began implementing inflation targeting regimes based on mainly manipulation of expectations and aggregate demand. However, most developing countries implementing inflation targeting regimes experienced...

2008 krizinde Türkiye gibi bazý geliþmekte olan ekonomiler ciddi manada sarsýlsalar bile genel itibariyle geliþmekte olan ülkeler krizi geliþmiþ ülkelerden daha az zararla atlatmýþlardýr. Geliþmekte olan ülkelerin hemen hemen hiç birisi finansal bir çöküþ yaþamamýþtýr....