The Resource Tackling Turkey's External and Domestic Macroeconomic Imbalances, Oliver Röhn ... [and others], (electronic resource)

Tackling Turkey's External and Domestic Macroeconomic Imbalances, Oliver Röhn ... [and others], (electronic resource)

Label
Tackling Turkey's External and Domestic Macroeconomic Imbalances
Title
Tackling Turkey's External and Domestic Macroeconomic Imbalances
Statement of responsibility
Oliver Röhn ... [and others]
Contributor
Subject
Language
eng
Summary
Effective macroeconomic and structural policies helped Turkey bounce back quickly and strongly from the global crisis, with annual growth averaging close to 9% over 2010-11. However, the current account deficit widened to around 10% of GDP in 2011 and consumer price inflation rose to over 10%. The external deficit, which is far too large for comfort, is a source of vulnerability. So is high inflation, even if it partly reflects transient factors. These imbalances signal competitiveness problems and a dearth of domestic saving. They need to be addressed using both macroeconomic and structural policy levers. Monetary policy has recently tried to reduce the volatility of capital flows but inflation has been high and volatile. The inflation target needs to be given greater prominence. The fiscal stance remains broadly appropriate but could be tighter, if warranted, to complement monetary restraint and help keep the real exchange rate on a sustainable path. More balanced growth through strengthened competitiveness and greater private saving calls inter alia for increased labour force participation, accelerated formalisation, stronger productivity growth, improvements in financial literacy and a more attractive menu of saving instruments. Improvements in the business environment would spur foreign direct investment, making for healthier funding of the external gap. This Working Paper relates to the 2012 OECD Economic Survey of Turkey (www.oecd.org/eco/surveys/turkey)
Member of
Cataloging source
FR-PaOEC
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Röhn, Oliver
  • Gönenç, Rauf
  • Koen, Vincent
  • Karaşahin, Ramazan
Series statement
OECD Economics Department Working Papers,
Series volume
no.986
http://library.link/vocab/subjectName
  • Economics
  • Turkey
  • Economics
  • Turkey
Label
Tackling Turkey's External and Domestic Macroeconomic Imbalances, Oliver Röhn ... [and others], (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
815654814
Dimensions
21 x 30 cm
Extent
1 online resource 41 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k92smvqbb8v-en
Specific material designation
remote
System control number
(OCoLC)815654814
Label
Tackling Turkey's External and Domestic Macroeconomic Imbalances, Oliver Röhn ... [and others], (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
815654814
Dimensions
21 x 30 cm
Extent
1 online resource 41 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k92smvqbb8v-en
Specific material designation
remote
System control number
(OCoLC)815654814

Library Locations

  • St. Louis Mercantile LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • Thomas Jefferson LibraryBorrow it
    1 University Blvd, St. Louis, MO, 63121, US
    38.710138 -90.311107
  • University ArchivesBorrow it
    703 Lewis Hall, Columbia, MO, 65211, US
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • University of Missouri-St. Louis Libraries DepositoryBorrow it
    2908 Lemone Blvd, Columbia, MO, 65201, US
    38.919360 -92.291620
  • Ward E Barnes Education LibraryBorrow it
    8001 Natural Bridge Rd, St. Louis, MO, 63121, US
    38.707079 -90.311355
Processing Feedback ...