Download or read book Inflation and Disinflation in Turkey written by Faruk Selcuk and published by Routledge. This book was released on 2018-04-27 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease in economic performance compared to other European states. This study addresses the country's ongoing economic struggles.
Download or read book An Econometric Analysis of the Determinants of Inflation in Turkey written by Ms.G. C. Lim and published by International Monetary Fund. This book was released on 1997-12-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: High and variable inflation has been a central feature of the Turkish economy since the 1970s. This paper seeks to shed some light on the determinants of inflation in Turkey by analyzing price determination within the framework of a multi-sector macroeconomic model during 1970–95. The main findings are that monetary variables (initially money, more recently the exchange rate) play a central role in the inflationary process, that public sector deficits contribute to inflationary pressures, and that inertial factors are quantitatively important. Policymakers’ commitment to active exchange rate depreciation on several occasions in the past 15 years has also contributed to the inflationary process.
Download or read book Would Cold Turkey Work in Turkey written by Oya Celasun and published by International Monetary Fund. This book was released on 2003-03-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Persistently high inflation rates have led many to believe that inflation in Turkey has become "inertial," posing an obstacle to disinflation. We assess the empirical validity of this argument. We find that the current degree of inflation persistence in Turkey is lower than in Brazil and Uruguay prior to their successful stabilization programs. More significantly, expectations of future inflation are more important than past inflation in shaping the inflation process, providing little evidence of "backward-looking" behavior. Using survey data, we find that inflation expectations, in turn, depend largely on the evolution of fiscal variables.
Download or read book Inflation in Turkey written by Melih Nemli and published by . This book was released on 1989 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The History of Inflation in Turkey written by Fatma Doğruel and published by . This book was released on 2006 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation Stabilization in Turkey written by Luc Everaert and published by World Bank Publications. This book was released on 1992 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adding estimated behavioral equations to the standard RMSM- X model allows it to simulate the short- run consequences of inflation stabilization.
Download or read book The Analysis of Inflation the Case of Turkey 1948 1988 written by Kıvılcım Metin and published by . This book was released on 1995 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: 170 4 The Growth Rate of the cpiic 170 5 The Log of The Time DepositRates of Turkey (Annual) 170 6 The Growth Rate of the Time Deposit Rates 170 7 TheLogofUSTreasuryBondRates 170 8 The Growth Rate of US Treasury Bond Rates 170 9 The Log of the dollar Exchange Rate of the Turkish Liras 170 10 The Growth Rate of Exchange rates 170 11 The Purchasing Power Parity, PPP 170 12 The Uncovered Interest Rate Parity 170 13 The Interest Rate Differentials of Turkey and the US 171 14 The Exchange Rate with a Dummy Variable which Consİders the Period After 1980 171 15 The Exchange Rate with a Dummy Variable which Considers the Period Before 1980 171 16 The UIP with a Dummy Variable which Considers the period After 1980 171 17a TheRealTimeDepositRatesofTurkey 171 17b The Real US Treasury Bond Rates 171 18 TheRealInterestRateDifferentialsofTurkeyandtheUS 171 19 The Cointegrating Relationships 176 Chapter 8.1 The Unemployment Rate 1963-88 192 2 The First Difference of the Unemployment Rate 192 3 The Logof the Unemployment Level 192 4 The Growth Rate of the Unemployment Level 192 5 The Log of the Labour Productivity in Manufacturing Sector 193 6 GrowthRate of Labour productivity 193 7 The Log of the Nominal Wages 193 8 The Log of the Real Wages 193 9 The Growth Rate of the Real Wages 195 10 The Log of the Manufacturing Sector Wholesale Price Index (mwpi) 195 11 The Growth Rate of the mwpi 195 12 The Wedge Between cpi and the mwpi 195 13 The productivity Adjusted Real Wages 195 14 The Cointegrating Relationships and the Driving Forces 200 Chapter 9.1 Actual and Fitted values of the Turkish Inflation Rate 213 2 The Scaled residuals 213.
Download or read book Monetary Actions Towards Inflation in Turkey written by Arzu Alvan and published by LAP Lambert Academic Publishing. This book was released on 2011 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Turkish economy, current inflation rate is the result of accumulation of past experiences. Namely, current inflation rate is determined by recent cost and demand dynamics along with the expectations of agents with a time lag. One of the major findings of this study is that, according to the Granger- Causality Analysis utilized in the econometric part of this thesis, in Turkish economy, actually the increase in inflation rate leads to increase in money demand that leads to increase in M2 money supply, which is the source of further price increases. If these factors determining the current inflation rate persist in the future, there is no doubt that the future inflation will be no different from the present and the past.
Download or read book Turkey written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-12-03 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Turkey during 1992–96. The Turkish economy rebounded in 1995, with real gross national product rising by 8.1 percent, reversing the decline of 6.1 percent in 1994. A strong pickup in activity in the second and third quarters of 1995 more than compensated for the continued weakness in the first quarter and a slight decline in the fourth quarter caused by uncertainty in the run-up to the elections. Industry performed strongly, with a growth rate of 12.1 percent, followed by services (6.4 percent) and agriculture (2.6 percent).
Download or read book Stabilisation Policy on the Inflation Rate Target in Turkey written by Aysegul Eren and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Explaining and Forecasting Inflation in Turkey written by Ilker Domaç and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation in Turkey written by Ozlem Yesildere and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Rate Movements Inflation Expectations and Currency Substitution in Turkey written by Mr.Fabio Scacciavillani and published by International Monetary Fund. This book was released on 1995-11-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper contains an empirical analysis of currency substitution in Turkey: a simple relationship between the share of foreign currency holdings in M2X on one side and movements in the exchange rate or inflation on the other is derived from a two-stage portfolio choice model. This relationship is estimated by band spectrum regression which allows to remove from the data the short-term cyclical components. The results show that the relationship between currency substitution depends mainly on long-term movements in the exchange rate, while the effect of inflation on currency substitution is not statistically significant.
Download or read book Leading Indicators of Growth and Inflation in Turkey written by Daniel Leigh and published by International Monetary Fund. This book was released on 2002-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth and inflation in Turkey have been volatile over the last two decades. It would, therefore, be useful to identify indicators that anticipate economic conditions and inflation. This paper investigates the predictive performance of economic indicators for inflation and real output growth in Turkey. We find that (i) the forecasting ability of individual indicators is unstable; but that (ii) a suitable combination of these unstable forecasts yields a forecast that reliably outperforms that generated by an autoregressive model. We then propose a two-stage combination forecast obtained by taking the median of the top five performing individual forecasts. This two-stage forecast reliably improves on autoregressive benchmarks and outperforms the combination forecast based on all the individual forecasts.
Download or read book The Role of Monetary Policy in Turkey During the Global Financial Crisis written by Mr.Harun Alp and published by International Monetary Fund. This book was released on 2011-06-01 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turkey is an interesting case study because it was one of the hardest hit emerging economies by the global financial crisis, with a year-over-year contraction of 15 percent during the first quarter of 2009. At the same time, anticipating the fallout from the crisis, the Central Bank of the Republic of Turkey (CBRT) decreased policy rates by an astounding 1025 basis points over the November 2008 to November 2009 period. In this context, this paper addresses the following broad question: If an inflation targeting framework underpinned by a flexible exchange rate regime was not adopted, how much deeper would the recent recession have been? Counterfactual experiments based on an estimated structural model provide quantitative evidence which suggests that the recession would have been substantially more severe. In other words, the interest rate cuts implemented by the CBRT and exchange rate flexibility both helped substantially soften the impact of the global financial crisis.
Download or read book The Relationship Between the Inflation Rate and Money Financed Deficit in Turkey written by Aysu Insel and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation and Disinflation in Turkey written by Faruk Selcuk and published by Routledge. This book was released on 2018-04-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease in economic performance compared to other European states. This study addresses the country's ongoing economic struggles.
