Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account …

direct bearing on the ongoing efforts to move toward a fully fledged inflation-targeting regime and develop interest rates as …

This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that … has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation … targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little …

system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …

nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union … levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector …