ANALYSIS OF TRANSFORMATIONS IN MONETARY POLICY IMPLEMENTATIONS IN TURKEY AFTER 2021

Banu Demirhan; Erdal Demirhan

Makale detayları

ANALYSIS OF TRANSFORMATIONS IN MONETARY POLICY IMPLEMENTATIONS IN TURKEY AFTER 2021

Yazarlar:

Banu Demirhan | Erdal Demirhan

Yayıncı:

Kütahya Dumlupinar University

Ana Başlıklar:

Para Politikası

Dergi:

Dumlupınar Üniversitesi İİBF Dergisi Issue 12, pp.202-209

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001302748

pISSN:

2791-9579

Anahtar kelimeler:

Özet:

 The aim of this study is to analyze the main economic effects of the monetary policies implemented in Turkey after 2021. Monetary policies implemented in 2021 reflect an unorthodox approach, unlike the policies implemented before 2000. As a result of these policies based on keeping interest rates low, the inflation rate rose to double digits and central bank reserves melted rapidly. As of the second half of 2023, orthodox policies have been returned and improvements in macroeconomic balances have begun. Despite the orthodox policies implemented since the second half of 2023, there is no significant decrease in the inflation rate. There is a partial improvement in reserves. Whether orthodox policies produce the desired results in Turkey depends on the continuity of these policies and the inflow of foreign capital.

 The aim of this study is to analyze the main economic effects of the monetary policies implemented in Turkey after 2021. Monetary policies implemented in 2021 reflect an unorthodox approach, unlike the policies implemented before 2000. As a result of these policies based on keeping interest rates low, the inflation rate rose to double digits and central bank reserves melted rapidly. As of the second half of 2023, orthodox policies have been returned and improvements in macroeconomic balances have begun. Despite the orthodox policies implemented since the second half of 2023, there is no significant decrease in the inflation rate. There is a partial improvement in reserves. Whether orthodox policies produce the desired results in Turkey depends on the continuity of these policies and the inflow of foreign capital.

 The aim of this study is to analyze the main economic effects of the monetary policies implemented in Turkey after 2021. Monetary policies implemented in 2021 reflect an unorthodox approach, unlike the policies implemented before 2000. As a result of these policies based on keeping interest rates low, the inflation rate rose to double digits and central bank reserves melted rapidly. As of the second half of 2023, orthodox policies have been returned and improvements in macroeconomic balances have begun. Despite the orthodox policies implemented since the second half of 2023, there is no significant decrease in the inflation rate. There is a partial improvement in reserves. Whether orthodox policies produce the desired results in Turkey depends on the continuity of these policies and the inflow of foreign capital.

 The aim of this study is to analyze the main economic effects of the monetary policies implemented in Turkey after 2021. Monetary policies implemented in 2021 reflect an unorthodox approach, unlike the policies implemented before 2000. As a result of these policies based on keeping interest rates low, the inflation rate rose to double digits and central bank reserves melted rapidly. As of the second half of 2023, orthodox policies have been returned and improvements in macroeconomic balances have begun. Despite the orthodox policies implemented since the second half of 2023, there is no significant decrease in the inflation rate. There is a partial improvement in reserves. Whether orthodox policies produce the desired results in Turkey depends on the continuity of these policies and the inflow of foreign capital.

Makale detayları

ANALYSIS OF TRANSFORMATIONS IN MONETARY POLICY IMPLEMENTATIONS IN TURKEY AFTER 2021

Yazarlar:

Banu Demirhan | Erdal Demirhan

Yayıncı:

Kütahya Dumlupinar University

Ana Başlıklar:

Para Politikası

Dergi:

Dumlupınar Üniversitesi İİBF Dergisi Issue 12, pp.202-209

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001302748

pISSN:

2791-9579

Monetary Policy

CBRT

Orthodox PoliciesMonetary Policy

CBRT

Orthodox Policies

Sayı

Makale detayları

ANALYSIS OF TRANSFORMATIONS IN MONETARY POLICY IMPLEMENTATIONS IN TURKEY AFTER 2021

Yazarlar: Banu Demirhan | Erdal Demirhan

Yayıncı: Kütahya Dumlupinar University

Ana Başlıklar: Para Politikası

Dergi: Dumlupınar Üniversitesi İİBF Dergisi Issue 12, pp.202-209

Belge Tipi: Makale

Yayın Tarihi: 12/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001302748

pISSN: 2791-9579

Monetary Policy

CBRT

Orthodox PoliciesMonetary Policy

CBRT

Orthodox Policies

Sayı

Yazarlar:

Banu Demirhan | Erdal Demirhan

Yayıncı:

Kütahya Dumlupinar University

Ana Başlıklar:

Para Politikası

Dergi:

Dumlupınar Üniversitesi İİBF Dergisi Issue 12, pp.202-209

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001302748

pISSN:

2791-9579