, 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 …

-financial situation and main weaknesses. Takeaways. • The Turkish economy continued to post very high inflation rates at end-2022, while …

-financial situation and main weaknesses. Takeaways •The Turkish economy has continued to post very high, albeit slowing, inflation rates …

. After deriving the restrictions that the Barro and Gordon model imposes on a time series model for inflation and output, we … show that the time inconsistency problem can explain both the short-run and the long-run behaviour of inflation and output …

As an important indicator for the central banks that adopting inflation targeting regime, this paper aims to construct …