Policy-makers in developing countries who try to reduce external debt are engaged in a complicated balancing act. Domestic spending programs could be curtailed to free up funds for the repayment of debt...
This article presents a simple framework to assess the consistency of appropriately defined fiscal deficits with other macroeconomic targets, such as inflation. It also considers the relation of fiscal...
Looking for boy-girl discrimination in household expenditure data. Inflation and the financing of government expenditure: an introductory analysis with an application to Turkey. Food aid: a cause of development...
Turkey has, alone among the high debt countries, managed to maintain a high growth rate after rescheduling its debt. This paper discusses two issues this experience raises. One, how did Turkey translate...