Source: OECD Economic Surveys, Volume 2008, Number 14, July 2008 , pp. i-167(168)

Publisher: OECD - Organisation for Economic Co-operation and Development

Abstract:

Special feature

Fiscal policy

Executive SummaryAssessment and RecommendationsChapter 1. New Challenges Facing the Turkish Economy-A New Era of Macroeconomic Stabilisation and Growth Acceleration-The Challenges of Sustaining Higher Growth-The Economy has Significantly Strengthened since 2001-Structural Weaknesses Slow Down the Catching-Up Process-Fiscal Reforms-Monetary Policy-Structural Reforms to Strengthen the Business Sector-Annex 1.A1. Selected Recommendations of the 2006 Economic Survey and National Follow-Ups-Annex 1.A2. Gross External Debt Sustainability: Methodology and Assumptions-Annex 1.A3. Estimating Sovereign Credit Ratings for Emerging MarketsChapter 2. Shifting to a Pro-Growth Fiscal Strategy-Despite Past Achievements, Much Remains to be Done-Reviewing the Appropriate Fiscal Policy Stance and Anchor-Spending Reform Challenges-Tax Reform Challenges-ConclusionsAnnex 2.A1. Net Public Debt Sustainability Scenarios: Methodology and Assumptions-Annex 2.A2. Education Performance - Turkey in International Comparison-Annex 2.A3. Health Performance - Turkey in International Comparison-Annex 2.A4. Long-Term Baseline Fiscal Projections, 2005-2035Chapter 3. Monetary Policy: Facing the Challenges-The Past History of High and Chronic Inflation-Post 2001 Disinflation-Recent Inflation Inertia-The Structural Dilemma of Economic Policy-Policy RecommendationsAnnex 3.A1. Experiences of Other Middle-Income Coutnries with Capital Inflows: Lessons for TurkeyChapter 4. Enhancing Competitiveness by Fostering the Growth of the Formal Sector-Performance Divergences in the Business Sector Have Weakened-The New Government Agenda to Strengthen the Business Sector-Two Top Priorities in Facilitating the Growth of the Formal Sector-Managing Transition from Informality to Formality-Summary of RecommendationsGlossary

Document Type: Review article

Publication date: 2008-07-01

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