, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … Turkey's inflation and the likely costs and benefits of disinflation. … financial markets, and imperfect though vibrant and wide-based democracy, Turkey is often cited as a development model for other …

inflationary environments in Turkey covering the period 1986:1 - 2009:10. Our results suggest that traditional interest rate … activity and prices. However, the effect of monetary shocks on credit volume is very limited especially in the low inflation …

micro-level price data from Turkey during two clearly distinguishable periods of high and low inflation. The results …This paper investigates the relationship between the level of inflation and regional price-level convergence utilizing … indicate that higher persistence and slower convergence of price levels are evident during the low-inflation period, which …