Inflation, output growth, and stabilization in Turkey, 1980–2002

Autor:	Selahattin Dibooglu, Aykut Kibritçioğlu
Rok vydání:	2004
Předmět:	Inflation Macroeconomics Stabilization policy Economics and Econometrics Supply shock media_common.quotation_subject Disinflation Terms of trade General Business Management and Accounting Balance of payments Economics Aggregate demand Aggregate supply media_common
Zdroj:	Journal of Economics and Business. 56:43-61
ISSN:	0148-6195
DOI:	10.1016/j.jeconbus.2003.04.001
Popis:	We study output and inflation in Turkey in the last two decades using a dynamic aggregate supply and aggregate demand model with imperfect capital mobility and structural Vector Autoregressions (VAR). Empirical results show terms of trade, monetary, and balance of payments shocks figure prominently in the inflationary process. Output is mostly driven by terms of trade and supply shocks. The results highlight the importance of a credible disinflation program and structural reforms that restrain discretionary aggregate demand policies.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7f048e321e364212dcc85ed8e17d82a6 https://doi.org/10.1016/j.jeconbus.2003.04.001 Zobrazit plný text záznamu Full Text from ScienceDirect