Inflation Targeting Strategy and the Outlook of Monetary Policy in Turkey

Fikret Kartal
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Fikret Kartal: Birleşik Fon Bankası A.Ş.

Journal of Finance Letters (Maliye ve Finans Yazıları), 2011, vol. 26, issue 91, 77-100

Abstract: The stabilization policy based on a crawling exchange rate peg adopted in 2000 ended up with the crise and Turkey started to implement a new economic program. Because other monetary re- gimes did not give the desired results, the Central Bank opted to directly anchor inflation. This paper attempts to provide results of the implicit and explicit inflation targeting strategies in terms of price stability between 2002-2010 and evaluate the credibility of the Central Bank and the uncertainty of monetary policy in current conditions.

Keywords: Inflation; Monetary policy; Inflation targeting; Central Bank (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:26:y:2011:i:91:p:77-100

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