Turkey has had a high level of inflation since the mid-1970s. Governments use various fiscal and monetary policy tools … to control inflation. In addition to these tools, governments also attempt to control inflation by regulating the prices … to decrease inflation, for example, the July 1997 and early 2000 anti-inflation programs, as a part of their general anti-inflation …

How can we explain the observed behavior of aggregate inflation in response to e.g. monetary policy changes? Mankiw and … view that i) inflation reacts with delay and gradually to a monetary policy shock, ii) announced and credible disinflations … are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with …

How can we explain the observed behavior of aggregate inflation in response to e.g. monetary policy changes? Mankiw and … view that i) inflation reacts with delay and gradually to a monetary policy shock, ii) announced and credible disinflations … are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with …