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...
|Main Author:||Özdemir, Kazim Azim|
|Place of publication:||
Research and Monetary Policy Department, Central Bank of the Republic of Turkey
|Data of publication:||2005|
|Online Access:||available in Bonn?|
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