Süleyman Yaşar

  

      Y   –    A      =           CAB =   (  A – Y)*

          +                               +                +

        

        Bs  –   Bd    =          ∆ KA   =    ( Bd –Bs)*

        +                                +                +

       Ms      –      Md =       ∆ R     =    ( Md – Ms)*

          0                  0         0

   

   

   

MACROECONOMIC   CONSISTENCY  FRAMEWORK

  CAB= TB + NFP + NFT

  A=   C+ I

  KA   =  FDI + NFB

  TB= Trade balance

  NFP= NET FACTOR PAYMENT

  NFT= NET FOREIGN TRANSFER (Grand)

 FDI= FOREIGN DIRECT INVESTMENT

  NFB= NET FOREING BORROW

  *    = REST OF THE WORLD

  CAB= CURRENT ACCOUNT BALANCE

  A     =  ABSORPTION

  KA=    CAPITAL ACCOUNT BALANCE

  ∆ R    =   CHANGE IN RESERVES

  B=  BOND

  M= MONEY