Record Details

GROWTH, LIQUIDITY CONSTRAINTS, CREDIBILITY AND THE EFFECTS OF SHOCKS UNDER A NON-CREDIBLE GOVERNMENT

Dokuz Eylul University Faculty of Economics and Administrative Sciences Journal

View Archive Info
 
 
Field Value
 
Title GROWTH, LIQUIDITY CONSTRAINTS, CREDIBILITY AND THE EFFECTS OF SHOCKS UNDER A NON-CREDIBLE GOVERNMENT
 
Creator ÖZDEMİR, DURMUŞ
 
Description This paper presents an overlapping generations model for a small open economy. The model is calibrated to fit data for Turkey. Simulations suggest that for a fairly open economy such as Turkey, credibility and liquidity constraints matter and the choice of income taxation rate, the mix of government spending and the long-run government debt/GDP ratio can all significantly affect the economic growth. The paper also examines the effectiveness of fiscal policy under different levels of liquidity constraint in an open economy within a dynamic framework. It shows that liquidity constraints can affect the outcome of any fiscal policy. Hence fiscal policy is even more important for the less developed economies of the world.
 
Publisher Dokuz Eylul University Faculty of Economics and Administrative Sciences Journal
Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
 
Contributor —
 
Date 2013-06-05
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier https://iibfdergi.deu.edu.tr/index.php/cilt1-sayi1/article/view/174
 
Source Dokuz Eylul University Faculty of Economics and Administrative Sciences Journal; Cilt 19, Sayı 2 (2004): CİLT:19 SAYI:2
Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi; Cilt 19, Sayı 2 (2004): CİLT:19 SAYI:2
2147-7973
1302-504X
 
Language eng
 
Relation https://iibfdergi.deu.edu.tr/index.php/cilt1-sayi1/article/view/174/pdf_150