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

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.

Bibliographic Details
Main Author: Rebucci, Alessandro
Other Authors: Rossi, Marco
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/208
Online Access:Full text available on IMF