This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are …

Turkey (CBRT). Instead of relying on one interest rate as inflation-targeting, the CBRT resorted to raising it as inflation …This Selected Issues paper on Turkey discusses the new monetary framework adopted by the Central Bank of Republic of …

This report for the 2012 Article IV Consultation with Turkey discusses the macroeconomic conditions after the 2008 … stance given the upside risks to inflation. …

This Selected Issues paper analyzes the capital flows in Turkey. The empirical analysis in this paper uses exchange … market pressure index to identify the determinants of capital flows to Turkey. It is observed that exchange market pressures … in Turkey seem to a degree, larger than in other emerging economies, and to be linked to risk factors, both global and …

policy and commended the monetary stance that has helped to contain inflation. They urged the authorities to improve the …

environment with robust growth, low inflation, manageable current account deficits, and a comfortable level of gross foreign …

The econometric results show that it is feasible to estimate robust price and inflation equations for Georgia. The long …