Measuring Disinflation Credibility in Emerging Markets; A Bayesian Approach with An Application to Turkey

This paper presents an empirical measure of disinflation credibility and discusses its evolution in Turkey since the 2001 crisis. The results indicate that credibility has improved markedly over this period, boding well for the future of disinflation in Turkey.

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Year of publication:	2004-11-01
Authors:	Rebucci, Alessandro ; Rossi, Marco
Institutions:	International Monetary Fund (IMF)
Subject:	Disinflation \| Emerging markets \| inflation \| monetary policy \| inflation process \| inflation rate \| inflation targeting \| actual inflation \| monetary economics \| inflation target \| annual inflation \| monetary institutions \| monetary policy objectives \| high inflation \| monetary fund \| fall in inflation \| central bank \| price stability \| inflationary expectations \| monetary transmission mechanism \| monetary frameworks \| monetary program \| monetary transmission \| inflation ? observations \| monetary system

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 04/208 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005825671