Financial crisis, monetary policy reform and the monetary transmission mechanism in Turkey
نویسندگان
چکیده
منابع مشابه
Monetary policy in a financial crisis
What are the economic effects of an interest rate cut when an economy is in the midst of a financial crisis? Under what conditions will a cut stimulate output and employment, and raise welfare? Under what conditions will a cut have the opposite effects? We answer these questions in a general class of open economy models, where a financial crisis is modelled as a time when collateral constraints...
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ژورنال
عنوان ژورنال: Middle East Development Journal
سال: 2014
ISSN: 1793-8120,1793-8171
DOI: 10.1080/17938120.2014.885484