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The
post-1998 Turkish macroeconomic adjustments
reveal speculative-led growth patterns
with limited employment creation and a
widening foreign deficit together with
increased foreign indebtedness. The paper
provides an overview of the post-1998
Turkish economy and constructs a macroeconomic
general equilibrium model to illustrate
the prevalent fragilities in the financial
and commodity markets and also study viable
policy alternatives to the current Programme
over the medium run, spanning 2006-2010.
July 27, 2006. |
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