Decreasing inflation uncertainty, as the major source of welfare costs, requires finding the driving factors of this … variable. Counting inflation as one of the driving factors of inflation uncertainty has created some concern due to the … ambiguity over the causality between inflation and inflation uncertainty. This ambiguity has inspired several studies in the …

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …

, 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 …