Series: IMF Working Papers
Author(s): Selim Elekdag , and Harun Alp
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2011
Keywords: financial accelerator, Bayesian estimation, DSGE models, emerging economies, exchange rate, exchange rate regime, interest rates, Bayesian Analysis, And The Supply Of Money And Credit,
Turkey is an interesting case study because it was one of the hardest hit emerging economies by the global financial crisis, with a year-over-year contraction of 15 percent during the first quarter of 2009. At the...