The Internal and External Transfers of the Turkish Economy: A Financial Computable General Equilibrium Analysis

Gul Ipek Tunc
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Gul Ipek Tunc: Middle East Technical University

Economic Analysis and Policy, 2001, vol. 31, issue 2, 139-159

Abstract: After the introduction of 1980 stabilization program, both the internal and external transfer problems gained importance for the Turkish economy. This study analyses interactions between the real and financial sectors of the Turkish economy within the framework of a Financial Computable General Equilibrium model, based on 1990 data. In the model, real and financial sub-models are interrelated through various channels such as flow of funds, interest rate and monetary policy. One of the main conclusions to be drawn from the analyses is that in the case of fixed real wages the adverse effects of policy changes on the economy are much larger compared to the case of fixed nominal wages.

Keywords: Fund; Interest Rates; Interest; Monetary Policy; Monetary; Policy; Stabilization (search for similar items in EconPapers)
JEL-codes: C51 E44 E58 E63 O23 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:31:y:2001:i:2:p:139-159

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