Hidden Bibliographic Details
| Other authors / contributors: | Robinson, David (Economist), author.
International Monetary Fund, issuing body.
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| ISBN: | 1455203939
9781455203932
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| Notes: | "March 2, 1989."
Includes bibliographical references (page 23).
Print version record.
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| 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.
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| Other form: | Print version: Kopits, George. Fiscal policy and external performance. [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Dept., 1989
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