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dc.contributor.advisorYeldan, Erinç
dc.contributor.authorVoyvoda, Ebru
dc.date.accessioned2016-07-01T10:57:43Z
dc.date.available2016-07-01T10:57:43Z
dc.date.issued2003
dc.identifier.urihttp://hdl.handle.net/11693/29315
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractThe purpose of this dissertation is to investigate the fiscal policy alternatives on debt management, cohort welfare and growth for the Turkish economy. The dissertation is decomposed into two major parts. The first part outlays the issue of debt management and examines the macroeconomic effects of the current austerity program in Turkey, and illustrates the sensitivity of the program targets to growth shocks. The second part takes one step further to develop fiscal policy alternatives on debt management with emphasis on “productive expenditures” of the public sector and endogenous sources of growth. To this end, a large-scale, overlapping generations general equilibrium model with intertemporally optimizing agents and open capital markets, calibrated to the Turkish economy in 1990s, is developed. The results indicate that the current fiscal program based on the primary surplus objective succeeds in constraining the explosive dynamics of debt accumulation, yet suffers from serious trade-offs on growth and fiscal targets. The main suggestion of this study is that alternatives of fiscal programming do exist and it is important to carefully weigh the dilemmas and merits of each of these alternatives.en_US
dc.description.statementofresponsibilityVoyvoda, Ebruen_US
dc.format.extentx, 134 leaves, tablesen_US
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectTurkeyen_US
dc.subjectEndogenous Growthen_US
dc.subjectOverlapping Generations Modelsen_US
dc.subjectFiscal Policyen_US
dc.subjectDebt Managementen_US
dc.subject.lccHJ8770.7 .V69 2003en_US
dc.subject.lcshDebts, Public Turkey.en_US
dc.titleAlternatives in debt management : investigation of Turkish debt in an overlapping generations general equilibrium frameworken_US
dc.typeThesisen_US
dc.departmentDepartment of Economicsen_US
dc.publisherBilkent Universityen_US
dc.description.degreePh.D.en_US
dc.identifier.itemidBILKUTUPB071686


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