Türkiye's macroeconomic stability and reform program is heading into its final phase, focused on structural transformation and sustainable disinflation after a period of policy normalization and ...

We analyze optimal monetary policy and its implications for asset prices, when aggregate demand has inertia and responds to asset prices with a lag. If there is a negative output gap, the central bank ...

Türkiye's response to post-pandemic inflation is a cautionary tale of how political pressure for low interest rates can create macroeconomic instabilities. While central banks worldwide raised ...