Now showing items 1-5 of 5
Turkey's experience with disinflation: where did all the welfare gains go?
This article measures the welfare gains from disinflation in Turkey during the 2000s. Estimated welfare gains exceed the real output gains, which is likely to arise from persisting allocative inefficiencies, pointing at ...
Monetary institutions and inflation performance: cross-country evidence
This paper presents an empirical investigation of the effectiveness of the institutional frameworks of monetary policy in achieving and maintaining price stability. The institutional frameworks considered are central bank ...
Central bank independence and economic performance in eastern Europe
(Elsevier BV, 2001)
Following the breakdown of central planning by the early 1990s, transition economies faced varying measures of the need for economic restructuring and stabilisation. This paper examines both the trends in economic performance ...
Central bank reform, liberalization and inflation in transition economies-an international perspective
(Elsevier BV, 2002)
This paper develops extensive new indices of legal independence (central bank indepedence (CBI) for new central banks (CBs) in 26 former socialist economies. The indices reveal that CB reform in the FSE during the 1990s ...
Determinants of workers' remittances: Turkish evidence from high-frequency data
The potential importance of workers remittances (WR) as a relatively stable source of foreign exchange has been growing across the world. We present time-series evidence on the determinants of WR in a large developing ...