Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey write by Pierre-Richard Ag??nor. This book was released on 2012. Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey available in PDF, EPUB and Kindle. 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.
Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey
Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey write by Pierre-Richard Agénor. This book was released on 2006. Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey available in PDF, EPUB and Kindle. 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.
Disinflation, Fiscal Sustainability, And Labor Market Adjustment In Turkey
Disinflation, Fiscal Sustainability, And Labor Market Adjustment In Turkey - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Disinflation, Fiscal Sustainability, And Labor Market Adjustment In Turkey write by . This book was released on 2006. Disinflation, Fiscal Sustainability, And Labor Market Adjustment In Turkey available in PDF, EPUB and Kindle.
Adjustment Policies, Poverty, and Unemployment
Adjustment Policies, Poverty, and Unemployment - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Adjustment Policies, Poverty, and Unemployment write by Pierre-Richard Agenor. This book was released on 2009-02-04. Adjustment Policies, Poverty, and Unemployment available in PDF, EPUB and Kindle. Pierre-Richard Agenor's pioneering work on IntegratedMacroeconomics Models for Poverty Analysis (IMMPA) is cataloged forthe first time in this must-read volume. A class of dynamic computable general equilibrium models, IMMPAmodels are designed to analyze the impact of adjustment policies onunemployment and poverty in the developing world. Including bothpapers originally circulated through the World Bank, as well as newmaterial that places this important work in its larger context,Adjustment Policies, Poverty, and Unemployment details the historyand uses of these models to date, as well as pointing to futuredevelopments for their utilization.
Development Macroeconomics
Development Macroeconomics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Development Macroeconomics write by Pierre-Richard Agénor. This book was released on 2015-06-23. Development Macroeconomics available in PDF, EPUB and Kindle. The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today. Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability. Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries. The most authoritative book on the subject—now fully revised and expanded Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises
