Title Fiscal policy and external performance : the Turkish experience / prepared by George Kopits and David Robinson

Published [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Department, 1989

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Description 1 online resource (iii, 23 pages) : illustrations Series IMF working paper ; WP/89/20 IMF working paper ; WP/89/20. Summary In 1980 Turkey embarked on a far-reaching stabilization and liberalization program, which contributed to export-led growth and a significant movement toward both domestic and external equilibrium. Later, as fiscal policy was partly reoriented from a restrictive to an expansionary stance while adhering to a flexible exchange rate policy, inflationary pressures intensified but the external current account did not deteriorate. Counterfactual stimulations, performed with a computational general equilibrium model, suggest that turkey would have experienced a significantly lower inflation rate, with only a small reduction in growth, if it had adopted a less expansionary fiscal stance Bibliography Includes bibliographical references (page 23) Notes "March 2, 1989." Print version record Subject Fiscal policy -- Turkey -- Mathematical models Fiscal policy -- Turkey Fiscal policy Economic history Fiscal policy -- Mathematical models SUBJECT Turkey -- Economic conditions -- Mathematical models Subject Turkey Form Electronic book Author Robinson, David (Economist), author International Monetary Fund, issuing body. ISBN 1455203939 9781455203932

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