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Inflation Targeting Strategy and the Outlook of Monetary Policy in Turkey

Author

Listed:
  • Fikret Kartal

    (Birleşik Fon Bankası A.Ş.)

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.

Suggested Citation

  • Fikret Kartal, 2011. "Inflation Targeting Strategy and the Outlook of Monetary Policy in Turkey," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 26(91), pages 77-100, April.
    • Handle: RePEc:acc:malfin:v:26:y:2011:i:91:p:77-100
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    More about this item

    Keywords

    Inflation; Monetary policy; Inflation targeting; Central Bank;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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