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...

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Bibliographic details
Volume: 11
Main Author: Tiryaki, S. Tolga
Format: Journal Article
Language: English
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
Series: Central Bank Review
Online Access: available in Bonn?
Database: RePEc IDEAS
Database information Databases - DBIS