Can a Two-Sector Business Cycle Model Account for the 2001 Recession of Turkey?
This paper investigates whether a two-sector small open economy real business cycle model calibrated to match Turkish data is able to account for the simultaneous sharp reversal in the current account, real exchange rate depreciation, and the severe recession observed in the aftermath of the 2001 fi...
|Main Author:||Tiryaki, S. Tolga|
|Place of publication:||
Research and Monetary Policy Department, Central Bank of the Republic of Turkey 2011
|published in:||Central Bank Review Vol. 11; no. 1; pp. 29 - 41|
|Data of publication:||2011|
Central Bank Review
|Online Access:||available in Bonn?|
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