Measuring Disinflation Credibility in Emerging Markets: A Bayesian Approach with An Application to Turkey
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Summary:
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.
Series:
Working Paper No. 2004/208
Subject:
Asset prices Consumer price indexes Disinflation Inflation Inflation targeting Monetary policy Prices
English
Publication Date:
November 1, 2004
ISBN/ISSN:
9781451874730/1018-5941
Stock No:
WPIEA2082004
Pages:
14
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