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|c 5.00 USD
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|z 9781451921908
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Fiscal Policy and External Performance :
|b The Turkish Experience.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1989.
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|a 1 online resource (28 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a In 1980 Turkey embarked on a far-reaching stabilization and liberalization program, which contributed to export-led growth and a significant movement toward both domestic and external equilibrium. Later, as fiscal policy was partly reoriented from a restrictive to an expansionary stance while adhering to a flexible exchange rate policy, inflationary pressures intensified but the external current account did not deteriorate. Counterfactual simulations, performed with a computational general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small reduction in growth, if it had adopted a less expansionary fiscal stance.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1989/020
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1989/020/001.1989.issue-020-en.xml
|z IMF e-Library
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