Turkey's experience with disinflation: where did all the welfare gains go?

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Turkey's experience with disinflation Where did all the welfare gains go.pdf (305.73 KB)

Date

2013

Authors

Neyapti, B.

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Abstract

This article measures the welfare gains from disinflation in Turkey during the 2000s. Estimated welfare gains exceed the real output gains, which is likely to arise from persisting allocative inefficiencies, pointing at the need for further structural and institutional reforms for the benefits of price stability to be utilized towards achieving sustainable development. © 2013 Copyright Taylor and Francis Group, LLC.

Source Title

Applied Economics Letters

Publisher

Routledge

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Keywords

Disinflation, Turkish inflation, Welfare costs of inflation, Inflation, Institutional reform, Microeconomics, Price dynamics, Structural change, Sustainable development, Welfare economics, Turkey

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http://hdl.handle.net/11693/20990

Published Version (Please cite this version)

http://dx.doi.org/10.1080/13504851.2012.727970

Collections

Scholarly Publications - Economics

Language

English

Type

Article