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

Date
2013
Authors
Neyapti, B.
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Source Title
Applied Economics Letters
Print ISSN
1350-4851
Electronic ISSN
1466-4291
Publisher
Routledge
Volume
20
Issue
7
Pages
664 - 668
Language
English
Type
Article
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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.

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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
Citation
Published Version (Please cite this version)