Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110203
Authors: 
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.
Year of Publication: 
1-Oct-2002
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.
Subjects: 
inflation
disinflation
Turkey
Turkish economy
budget deficit
monetary policy
central bank
inflationary expectations
JEL: 
E31
E60
P44
E50
C20
C30
Document Type: 
Book
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