A Rmsm X Model For Turkey

A simple macroeconomic model is applied to macroeconomic data for Chile.

The theoretical design of a RMSM-X model, its interaction with a debt module, and the construction of a consistent historical data set is applied to Turkey.

Adding estimated behavioral equations to the standard RMSM- X model allows it to simulate the short- run consequences of inflation stabilization.

This book examines the objectives set by the World Bank for its operations in Turkey in the period 1993-2004 and the extent to which those objectives were met.

This book argues that the macroeconomic policy adjustment models recommended by the IMF and the World Bank for implementation in many Muslim countries, with substantial donor financial support, have not been effective. Economic indicators show low economic growth, persistent fiscal and external deficits and limited industrialization. Also, these countries are experiencing increases in unemployment, poverty and substantial growth in income and wealth ‎inequalities. These facts ‎underline an urgent need to produce an alternative to the failed conventional macroeconomic model in order to address the challenge of ‎macroeconomic and social adjustment policies. The project posits and investigates the idea that the Islamic economic model prescribed in the Quran and applied by the Prophet (sawa) could be the ideal model for Muslim as well as non-Muslim ‎countries.

Applications of general equilibrium models to different problems arising in tax policy - such as identifying desirable tax bases in Bangladesh, analyzing price controls in China, and coordinating tax- cum- tariff reform in India - show how useful they can be in supplementing more qualitative judgements. But they are useful only if substantial effort is devoted to establishing a consistent data set and to choosing the structure of the model in a way that makes its behavior consistent with what good economic analysis would suggest.