Now showing items 1-6 of 6
Prospects for inflation targeting in the MENA region: feasibility, desirability and alternatives
(De Gruyter, 2008)
Inflation targeting (IT) has recently become the dominant monetary policy prescription over the last decade. Emerging markets governments, in particular, are increasingly pressured to follow IT as part of their IMF-led ...
Inflation targeting, employment creation and economic development: assessing the impacts and policy alternatives
Inflation targeting (IT) has recently become the dominant monetary policy prescription for both developing and industrialized countries alike. Emerging market governments, in particular, are increasingly pressured to follow ...
Monetary policy implications of short-term capital flows in Turkey
(Springer New York LLC, 2018)
The advent of global financial crisis in 2008, unleashed volatile short term capital flows to the emerging markets. This has forced many central banks in the developing world to adopt innovative policy measures to address ...
What to smooth: rate of interest or the foreign exchange? Turkish monetary policy under turbulent times
(De Gruyter, 2014-11-27)
This paper studies the new monetary stance of the Central Bank of Republic of Turkey (CBRT) during the Great Recession. We note that characteristics of the post-1997 “great moderation” revealed interest rate smoothing ...
Monetary policy rules in practice: evidence from Turkey
(John Wiley & Sons Ltd., 2004)
This paper estimates a forward-looking monetary policy reaction function of the Central Bank of the Republic of Turkey by considering the period from 1990:01 to 2000:10. When the spread between the interbank rate and ...
Monetary policy and interest rates under inflation targeting in Australia and New Zealand
One advantage cited for formal inflation targeting is that by anchoring inflationary expectations this policy framework would aid in the pricing of long-term securities. Long-term interest rates would become less sensitive ...