Political instability in Turkey hinders successful implementation of disinflation policies.
High inflation has been a big issue in Turkey for a long time. Various plans were tried to lower inflation rates, but they didn't work well due to political problems. Between 1974 and 2002, political instability affected how well these plans were carried out. The researchers used a special analysis method to see how costly these inflation-lowering plans were during unstable political times in Turkey.