Uğurlu, Süleyman; Kiliç, Nazife Özge
September 2016
Oeconomicus;sep2016, Issue 2, p8
Academic Journal
One of the main problems of developing countries is economic instability. In these countries, high inflation, imbalance experienced in the real sector and financial markets, external deficit issues are constantly on the agenda. Therefore, need for stability programs are inevitable. In this context, central banks, which are responsible for implementation of monetary policy, take economic conditions of the country and fiscal policies of the government as data to determine main monetary policy objectives, what strategies they shall implement to achieve these objectives and to decide which monetary policy tools they shall use. In this context, aim of this study is to evaluate the implementation of the monetary policy decisions of the April 5, 1994 and is to identify the extent of success of these policies. In particular, inflation targeting regime which is applied after February 2001 crisis, and monetary policies after 2008 global crisis, are the focal point of the study.


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