Would "Cold Turkey" Work in Turkey?

When inflation rates in a country are persistently high, observers often believe that the inflation process has become "inertial," posing an obstacle to disinflation. Using an innovative approach, we assess the empirical validity of this argument for the case of Turkey. We find that the cu...

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Veröffentlicht in:	IMF staff papers 2004-01, Vol.51 (3), p.493-509
Hauptverfasser:	Celasun, Oya, Gelos, R. Gaston, Prati, Alessandro
Format:	Artikel
Sprache:	eng
Schlagworte:	Analytical forecasting Banking industry Borrowing Collective bargaining Consumer Price Index Consumer price indexes Costs Disinflation Economic aspects Economic conditions Economic expectations Economic forecasts Economic growth Economic indices Economic inflation Economics Emerging markets Federal budget deficit Finance Floating exchange rates Foreign exchange rates GDP Gross Domestic Product Inflation Inflation (Finance) Inflation rates Innovation International financial institutions Macroeconomics Monetary policy Public sector Statistical analysis Studies Survey data Surveys Turkey Volatility Wages & salaries
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