Disinflation Fiscal Sustainability and Labor Market Adjustment in Turkey is popular PDF and ePub book, written by Pierre-Richard Ag??nor in 2012, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, Disinflation Fiscal Sustainability and Labor Market Adjustment in Turkey can be Read Online from any device for your convenience.
Disinflation Fiscal Sustainability and Labor Market Adjustment in Turkey Book PDF Summary
This paper analyzes the effects of monetary policy and fiscal adjustment on output and unemployment in Turkey. The model on which the analysis is based accounts for rural-urban migration, a large urban informal sector, flexible exchange rates, a dollarized banking system, and interactions between default risk on government liabilities, credibility, and inflation expectations. The short- and long-run effects of a rise in official interest rates and tax increases are analyzed. The results highlight the importance of accounting for the link between default risk and credibility in understanding the real and financial effects of macroeconomic adjustment.
Detail Book of Disinflation Fiscal Sustainability and Labor Market Adjustment in Turkey PDF
- Author : Pierre-Richard Ag??nor
- Release : 20 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Uncategoriezed
- Total Page : 119 pages
- Language : English
- PDF File Size : 12,5 Mb
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