Inflation targeting reduced severity of crisis in Turkey: Fund paper


An International Monetary Fund paper, published on Monday, says Turkey's inflation targeting and flexible exchange rate policy helped weather shocks from the financial crisis.

Harun Alp and Selim Elekdag, the paper's authors, have conducted a case study of Turkey from 2002 to 2010 to investigate the conduct of monetary policy in Turkey following the adoption of an inflation targeting regime underpinned by a flexible exchange rate regime. The authors say Turkey is an interesting case as it was

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