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Would "Cold Turkey" Work in Turkey?

Would "Cold Turkey" Work in Turkey? »

Source: Would "Cold Turkey" Work in Turkey?

Volume/Issue: 2003/49

Series: IMF Working Papers

Author(s): R. Gelos , Alessandro Prati , and Oya Celasun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2003

ISBN: 9781451846867

Keywords: inertia, price rigidities, stabilization, inflation dynamics, monetary economics,

Persistently high inflation rates have led many to believe that inflation in Turkey has become "inertial," posing an obstacle to disinflation. We assess the empirical validity of this argument. We find that the cur...

Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization

Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization »

Source: Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization

Volume/Issue: 2003/151

Series: IMF Working Papers

Author(s): Oya Celasun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

ISBN: 9781451857054

Keywords: Credibility, nominal interest rate, monetary economics, inflation dynamics, inflation stabilization, Business Fluctuations, and Cycles, Macroeconomic Aspects of International Trade and Finance,

Exchange rate-based inflation stabilization (ERBS) policies are associated with a boom-recession cycle in economic activity and sustained real exchange rate appreciation. A class of models in the literature has exp...

Fiscal Deficits and Inflation

Fiscal Deficits and Inflation »

Source: Fiscal Deficits and Inflation

Volume/Issue: 2003/65

Series: IMF Working Papers

Author(s): Luis Catão , and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

ISBN: 9781451848700

Keywords: Macroeconomic Stabilization, price inflation, monetary policy, inflation tax, low inflation, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General,

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a n...

Would "Cold Turkey" Work in Turkey?

Would "Cold Turkey" Work in Turkey? »

Volume/Issue: 2003/49

Series: IMF Working Papers

Author(s): R. Gelos , Alessandro Prati , and Oya Celasun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2003

DOI: http://dx.doi.org/10.5089/9781451846867.001

ISBN: 9781451846867

Keywords: inertia, price rigidities, stabilization, inflation dynamics, monetary economics,

Persistently high inflation rates have led many to believe that inflation in Turkey has become "inertial," posing an obstacle to disinflation. We assess the empirical validity of this argument. We find that the cur...

Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization

Sticky Inflation and the Real Effects of Exchange Rate Based Stabilization »

Volume/Issue: 2003/151

Series: IMF Working Papers

Author(s): Oya Celasun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2003

DOI: http://dx.doi.org/10.5089/9781451857054.001

ISBN: 9781451857054

Keywords: Credibility, nominal interest rate, monetary economics, inflation dynamics, inflation stabilization, Business Fluctuations, and Cycles, Macroeconomic Aspects of International Trade and Finance,

Exchange rate-based inflation stabilization (ERBS) policies are associated with a boom-recession cycle in economic activity and sustained real exchange rate appreciation. A class of models in the literature has exp...

Fiscal Deficits and Inflation

Fiscal Deficits and Inflation »

Volume/Issue: 2003/65

Series: IMF Working Papers

Author(s): Luis Catão , and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2003

DOI: http://dx.doi.org/10.5089/9781451848700.001

ISBN: 9781451848700

Keywords: Macroeconomic Stabilization, price inflation, monetary policy, inflation tax, low inflation, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General,

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has had limited success in uncovering this relationship. This paper reexamines the issue in light of broader data and a n...