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 …

Exchange rate-based inflation stabilization (ERBS) policies are associated with a boom-recession cycle in economic … forward-looking pricing behavior without inflation stickiness and attribute the slow decline in inflation to the consumption …-looking components of inflation weigh approximately equally in pricing behavior, and therefore, that inflation is partially sticky. The …

Persistently high inflation rates have led many to believe that inflation in Turkey has become "inertial," posing an … obstacle to disinflation. We assess the empirical validity of this argument. We find that the current degree of inflation …, expectations of future inflation are more important than past inflation in shaping the inflation process, providing little evidence …