THE INFLATION STRUCTURE OF TURKEY AND THE APPLIED POLICIES IN FIGHTING INFLATION
TÜRKİYE’NİN ENFLASYON YAPISI VE ENFLASYONLA MÜCADELEDE UYGULANAN POLİTİKALAR

Author : Adnan ÇALIŞKAN
Number of pages : 92-108

Summary

Inflation is one of the main macro-economic problems of underdeveloped and developing countries. The choice of the proper policies to get rid of inflation permanently depends on knowing where inflation originates.The 1990s were the years of inflation remained high in Turkey, and inflation was close to the three-digit number, towards the 2001 crisis period. Turkey has implemented a strong economy transition program after 2001 and with this since 2002 there has been a stable inflation targeting regime. Especially in this period, great success has been achieved in fighting inflation.The purpose of this study is to reveal the results of the policies implemented in the 1996-2015 period, the inflation rate in Turkey by means of comparative analysis. The data on inflation in this study have been taken from the database of the Central Bank of the Republic of Turkey and Turkey Statistical Institute (TSI).In Turkey, despite the vast improvement in recent years as the fight against inflation it has not been achieved like in developed countries to reach a single-digit inflation and to hold it there. In order to eliminate inflation permanently in Turkey's economy, it should be focused on structural policies to increase production.

Keywords

Inflation, price stability, Inflation targeting

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