632
Index
Turkey, 73 accession to EU, 501–2, 535 and global-financial crisis comments on impact of, 543–44 conclusions concerning, 532–35 demand and production structure of growth, 502–5 external balance and finance, 506–8 and financial sector, 518–20 government’s response to, 522–23 and growth dynamics, 496–98 impact on confidence, 520–22 impact on exports, 515–18 impact on inventories, 517f11.15b, 518 impact on public finances, 520, 521f11.17 methodology used for growth accounting, 535–38, 539n11–12 methodology used for potential output, 535–38, 539n11–12 overview, 495–96 policy response to, 511–26, 538n6–8 reforms in response to banking crisis, 499–501, 538n1 results to date, 524–26, 535–39n7–8 supply-side dynamics, 508–11, 538n3–8 growth volatility, comments on, 541–42 macroeconomic indicators, 497t11.1, 501 medium-term growth, 63–64, 79n2, 526–32, 534 postcrisis period, 63–64, 79n2 potential growth, 510–11, 529–32, 535–38, 539n10–12 recovery, results to date, 524–26, 535–39n7–8 typhoons, 442n16
U undiversified exports, 43–45 unemployment Brazil, 99, 117, 118f3.9, 127f3.12c, 138 Malaysia, 321, 322f7.15, 329 Mexico, 373, 390t8A.1 nonagricultural, 513 Philippines, 410, 412, 441n6 Poland, 466, 480–83 Turkey, 496, 509–10, 513–14, 524, 534, 543 Unemployment Insurance Fund, Turkey, 522 United States, 2–3, 7, 30, 32, 53, 380, 570 consumption, 249, 584 deficits, 582, 583 employment, 367 Ethiopians living in, 208–9 exchange rate, 304, 321f7.14 Federal Reserve, 2, 4 GDP growth, 264f6.7 growth rates, 246f6.7 household debt, 188 industrial sector, 366–67 interest rates, 370–71, 511 and international businesses, 561 and Mexico, 43–44, 362, 364 demand for exports from, 361, 402–3 economic growth link to growth in Mexico, 363, 377–78, 381, 384–85 industrial sector, 366–67 interest rate gaps, 370–71 remittances to, 367 and tourists to, 368 subprime mortgage crisis, 2–3, 30–32, 179 trade with Brazil, 111, 128