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An Assessment of the Monetary Policies Implemented by the Central Bank of Turkey During the Covid-19 Epidemic

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  • Özlem Ülger

    (Batman University)

Abstract

The Covid-19 epidemic, which was first seen in the city of Wuhan, Hubei province of China in the last quarter of 2019, has had a negative impact on both the economy and the habits of humanity all over the world. Governments have announced serious financial support packages to reduce the effects of the economic crisis caused by the coronavirus epidemic. With the increase in economic uncertainties, it has been tried to determine the right monetary and fiscal policies to support the global economy. In Turkey, social and economic measures have begun to be taken in order to reduce the negative effects of the epidemic. In this context, the “Economic Stability Shield” package was announced by the CBRT in order to limit the negative effects of the coronavirus epidemic and to reduce the negative effects of the economy, production and employment. In this study, the economic package in question will be evaluated and the economic evaluation of the country will be made using the data of the implemented monetary policies 2010-2022.

Suggested Citation

  • Özlem Ülger, 2022. "An Assessment of the Monetary Policies Implemented by the Central Bank of Turkey During the Covid-19 Epidemic," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 37(118), pages 101-130, October.
    • Handle: RePEc:acc:malfin:v:37:y:2022:i:118:p:101-130
    DOI: https://doi.org/10.33203/mfy.1133723
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    More about this item

    Keywords

    Covid-19; Monetary Policy; Fiscal Policy;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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