Browsing by Subject "Policy approach"

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    Azerbaijan's foreign policy and challenges for energy security
    (Middle East Institute, 2009) Ipek, P.
    This article examines Azerbaijan's foreign policy by demonstrating the interplay between the oil-led development process and early post-independence regional conflicts that enforced a Western orientation in the country's foreign policy. It is argued that geopolitics continue to prevail in the strategic goals of Azerbaijan. However, the new challenges in the emerging framework of energy security, which extends beyond the revitalized geopolitical rivalries and preeminent concern over securing energy supplies, put Azerbaijan's foreign policy at a crossroads and require a new trans-Atlantic partnership to promote human security and to manage the risk entailed in the unpredictable policy environments of the Caspian region.
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    Turkish monetary policy and components of aggregate demand: a VAR analysis with sign restrictions model
    (Routledge, 2012) Berument, Hakan; Denaux, Z.; Yalcin, Y.
    This article estimates the effects of monetary policy on components of aggregate demand using quarterly data on Turkish economy from 1987-2008 by means of structural Vector Autoregression (VAR) methodology. This study adopts Uhlig's (2005) sign restrictions on the impulse responses of main macroeconomic variables to identify monetary shock. This study finds that expansionary monetary policy stimulates output through consumption and investment in the short-run. However, expansionary monetary policy is ineffective in the long-run. © 2012 Taylor & Francis.