Economics, Econometrics and Finance
8 years ago

Inflation Targeting Policy in Turkey Successfully Reduces Inflation Uncertainty

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Contributions to economics
The Impact of Inflation Targeting Policy on the Inflation Uncertainty in Turkey
Özcan Karahan, Olcay Çolak

Paper Summary

The article examines how adopting an inflation targeting policy in Turkey has affected inflation uncertainty since 2001. By using a statistical method called ARCH-GARCH, the researchers created a series to measure inflation uncertainty. The results show that implementing an Inflation Targeting Policy has been successful in reducing inflation uncertainty in Turkey.

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