A Monetary Disequilibrium Model for Turkey: Investigation of a Disinflationary Fiscal Rule and its Implications on Monetary Policy

In this paper we present a monetary disequilibrium model based on Khan and Knight’s framework, estimate it for the Turkish economy and run several simulation experiments. The simulation results show the importance of fiscal discipline to achieve the objectives such as to sustain the disinflation pro...

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Bibliographic details
Main Author: Özdemir, Kazim Azim
Format: Paper
Language: English
Place of publication: 2005
Related: Research and Monetary Policy Department, Central Bank of the Republic of Turkey
Data of publication: 2005
Series: Working Papers
Online Access: available in Bonn?
Database: RePEc IDEAS
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