): "lf the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain from … reducing inflation to zero worth the sacrifice in output and employment that would be required to achieve it?" ... …

In dieser Studie wird die kürzlich von Feldstein (1996) aufgeworfene Frage für die Bundesrepublik Deutschland empirisch … untersucht: "If the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain … from reducing inflation to zero worth the sacrifice in output and employment that would be required to achieve it?" ... …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, 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 …