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Author Kibritçioğlu, Aykut ♦ Rittenberg, Libby ♦ Selçuk, Faruk ♦ Akçay, O. Cevdet ♦ Alper, C. Emre ♦ Berument, M. Hakan ♦ Dibooğlu, Selahattin ♦ Erlat, Haluk ♦ Ertuğrul, Ahmet ♦ Malatyalı, N. Kamuran ♦ Nas, Tevfik F. ♦ Özmucur, Süleyman ♦ Perry, Mark J.
Source EconStor
Content type Text
Publisher Ashgate
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword inflation ♦ disinflation ♦ Turkey ♦ Turkish economy ♦ budget deficit ♦ monetary policy ♦ central bank ♦ inflationary expectations ♦ Inflation ♦ Anti-inflation policy ♦ Inflation expectations ♦ Inflation rate ♦ Turkey ♦ Monetary policy ♦ Budget deficit ♦ Central bank ♦ Inflation expectations ♦ Price Level; Inflation; Deflation ♦ Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General ♦ Other Economic Systems: National Income, Product, and Expenditure; Money; Inflation ♦ Monetary Policy, Central Banking, and the Supply of Money and Credit: General ♦ Single Equation Models; Single Variables: General ♦ Multiple or Simultaneous Equation Models; Multiple Variables: General
Abstract 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.
ISBN 075463065X
Learning Resource Type Book
Publisher Date 2002-10-01
Publisher Place Aldershot
Rights Holder