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Real wages, profit margins and inflation in Turkish manufacturing under post-liberalization
This article reports investigations into the behaviour of gross profit margins (mark-ups) in Turkish manufacturing industries for the post-1980 liberalization period in relation to price inflation, trade liberalization ...
Measuring exchange rate misalignment in Turkey
Turkey has embarked an extensive dis-inflation and stabilization program in December 1999. The programme exclusively relied on a nominally pegged (anchored) exchange rate system for dis-inflation and on fiscal austerity. ...
Macroeconomics of twin-targeting in Turkey: analytics of a financial computable general equilibrium model
The paper provides an overview of the post-1998 Turkish economy and constructs a macroeconomic computable general equilibrium (CGE) model to illustrate the real and financial sectoral adjustments of the Turkish economy ...