Inflation and Disinflation in Turkey
| Autor: | Haluk Erlat, Selahattin Dibooglu, Libby Rittenberg, Suleyman Ozmucur, Faruk Selcuk, Tevfik F. Nas, Mark J. Perry, C. Emre Alper, Ahmet Ertuğrul, O. Cevdet Akcay, N. Kamuran Malatyalı, Hakan Berument, Aykut Kibritçioğlu |
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| Rok vydání: | 2018 |
| Předmět: |
Inflation
inflationary expectations P44 Turkey budget deficit Economic policy jel:C20 media_common.quotation_subject monetary policy jel:E60 Inflation expectations Monetary economics disinflation E50 C30 jel:P44 ddc:330 Economics inflation disinflation Turkey Turkish economy budget deficit monetary policy central bank inflationary expectations E31 Government budget media_common Turkish economy Cost–benefit analysis jel:E50 jel:C30 Financial market Monetary policy Disinflation Central bank jel:E31 Inflation rate Democracy E60 Deficit spending Anti-inflation policy C20 |
| DOI: | 10.4324/9781315187167 |
| Popis: | Based on its outward-oriented development strategy, respectable growth, increased integration into world trade and financial markets, and imperfect though vibrant and wide-based democracy, Turkey is often cited as a development model for other countries in the region and elsewhere. Countering this positive picture of the Turkish economy over the last two decades, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays in privatising state-owned enterprises, and high and persistent government budget deficits. In January 2000 Turkey embarked on an ambitious IMF-backed stabilization program designed to correct the weaknesses in its economy, and, in particular, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of Turkey's inflation and the likely costs and benefits of disinflation. |
| Databáze: | OpenAIRE |
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