The Internal and External Transfers of the Turkish Economy: A Financial Computable General Equilibrium Analysis

Date

2001-01-01

Author

Tunç, Gül İpek

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After the introduction of 1980 stabilization program, both the internal and external transfer problems gained importance for the Turkish economy. This study analyses interactions between the real and financial sectors of the Turkish economy within the framework of a Financial Computable General Equilibrium model, based on 1990 data. In the model, real and financial sub-models are interrelated through various channels such as flow of funds, interest rate and monetary policy. One of the main conclusions to be drawn from the analyses is that in the case of fixed real wages the adverse effects of policy changes on the economy are much larger compared to the case of fixed nominal wages.

URI

https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84929994363&origin=inward
https://hdl.handle.net/11511/96646

Journal

Economic Analysis and Policy

DOI

https://doi.org/10.1016/s0313-5926(01)50018-1

Collections

Department of Economics, Article

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Citation Formats

G. İ. Tunç, “The Internal and External Transfers of the Turkish Economy: A Financial Computable General Equilibrium Analysis,” Economic Analysis and Policy, vol. 31, no. 2, pp. 139–159, 2001, Accessed: 00, 2022. [Online]. Available: https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84929994363&origin=inward.