Measuring Disinflation Credibility in Emerging Markets: A Bayesian Approach with an Application to Turkey

Author/Editor: Rossi, Marco ; Rebucci, Alessandro
Publication Date: November 01, 2004
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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. 04/208
Subject(s): Disinflation | Turkey | Emerging markets

Author's Keyword(s): Bayesian Learning | Credibility | Disinflation | Mixing Estimation | Turkey
Publication Date: November 01, 2004
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2082004 Pages: 13
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