Akyurek, Cem; Kutan, Ali M.; Yilmazkuday, Hakan - In: Journal of Asian Economics 22 (2011) 5, pp. 343-355
This paper examines the performance of Turkey's inflation targeting (IT) experience. We find the IT regime to be an effective framework. Our judgment is based on three broad conclusions supported by empirical analyses. First, fiscal stability is an effective tool for a successful monetary...