Effects of the real exchange rate on output and inflation: Evidence from Turkey

被引：43

作者：

Berument, H ^{[1
]}

Pasaogullari, M ^{[1
]}

机构：

[1] Bilkent Univ, Ankara, Turkey

来源：

DEVELOPING ECONOMIES | 2003年 / 41卷 / 04期

关键词：

D O I：

10.1111/j.1746-1049.2003.tb01009.x

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper assesses the effects of real depreciation on the economic performance of Turkey by considering quarterly data from 1987:1 to 2001:III. The empirical evidence suggests that, contrary to classical wisdom, the real depreciations are contractionary, even when external factors like world interest rates, international trade, and capital flows are controlled. Moreover, the results obtained from the analyses indicate that real exchange rate depreciations are inflationary.

引用

页码：401 / 435

页数：35

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