The effects of exchange rate fluctuations on economic activity in Turkey

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buir.contributor.authorBerument, Hakan
dc.citation.epage489en_US
dc.citation.issueNumber3en_US
dc.citation.spage466en_US
dc.citation.volumeNumber18en_US
dc.contributor.authorKandil, M.en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorDincer, N. Nergizen_US
dc.date.accessioned2015-07-28T12:05:40Z
dc.date.available2015-07-28T12:05:40Z
dc.date.issued2007en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThe paper examines the effects of exchange rate fluctuations on real output, the price level, and the real value of components of aggregate demand in Turkey. The theoretical model decomposes movements in the exchange rate into anticipated and unanticipated components. Unanticipated currency fluctuations help to determine aggregate demand through exports, imports, and the demand for domestic currency, and aggregate supply through the cost of imported intermediate goods and producers' forecasts of relative competitiveness. Anticipated exchange rate appreciation has significant adverse effects, contracting the growth of real output and the demand for investment and exports, while raising price inflation. Unanticipated exchange rate fluctuations have asymmetric effects that highlight the importance of unanticipated depreciation in shrinking output growth and the growth of private consumption and investment, despite an increase in export growth. © 2007 Elsevier Inc. All rights reserved.en_US
dc.description.provenanceMade available in DSpace on 2015-07-28T12:05:40Z (GMT). No. of bitstreams: 1 10.1016-j.asieco.2006.12.015.pdf: 1877650 bytes, checksum: aee10d01d54edbe07ac1b5382d71c03d (MD5)en
dc.identifier.doi10.1016/j.asieco.2006.12.015en_US
dc.identifier.eissn1873-7927
dc.identifier.issn1049-0078
dc.identifier.urihttp://hdl.handle.net/11693/13308
dc.language.isoEnglishen_US
dc.publisherElsevier BVen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.asieco.2006.12.015en_US
dc.source.titleJournal of Asian Economicsen_US
dc.subjectExchange rate fluctuationsen_US
dc.subjectPolicy implicationsen_US
dc.subjectSupply and demand channelsen_US
dc.subjectAsymmetryen_US
dc.titleThe effects of exchange rate fluctuations on economic activity in Turkeyen_US
dc.typeArticleen_US

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