ANALYSIS OF INFLATION TARGETING WHILE GLOBAL FINANCIAL CRISIS IS STILL GOING ON

Aysel GÜNDOĞDU

doi:https://doi.org/10.18092/ijeas.86079

Article Details

ANALYSIS OF INFLATION TARGETING WHILE GLOBAL FINANCIAL CRISIS IS STILL GOING ON

Authors:

Aysel GÜNDOĞDU

Publisher:

Kenan ÇELİK

Main Topics:

Sociology and anthropology

Journal:

International Journal of Economics and Administrative Studies 2015 Issue 15, pp.207-220

Document Type:

Article

Publication Date:

6/2015

Document Language:

English

Document ID (Org No.):

2000642128

Frequency:

Quarterly

eISSN:

1307-9859

pISSN:

1307-9832

DOI:

https://doi.org/10.18092/ijeas.86079

Abstract:

 

Nowadays the most important expected target of the Central Banks’ is price stability which is becoming increasingly a threat of the country's economy. Some countries which is to ensure price stability using various monetary policy tools, have been using inflation targeting since 1990. Especially after the 2008 global financial crisis, the dynamics of the changing economy has led to a questioning of inflation targeting. Based on the principles of goal setting and public disclosure of the implementation of inflation targeting productive whether in times of crisis are discussed. The aim of this study is to analyze whether inflation targeting is successful against inflation by comparing inflation targeting countries and the others’ inflation rates.

 


Günümüzde Merkez Bankalarından beklenen en önemli hedef olan fiyat istikrarı, giderek ülke ekonomilerini tehdit eden bir unsur halini almaktadır. Fiyat istikrarını sağlayabilmek için çeşitli para politikası araçları kullanan ülkeleri bazıları, 1990 yılından beri enflasyon hedeflemesi uygulaması kullanmaktadırlar. Özellikle 2008 küresel finans krizinden sonra değişen ekonomi dinamikleri enflasyon hedeflemesi uygulamasının sorgulanmasına yol açmıştır. Hedef belirleme ve kamuoyuna açıklama esaslarına dayanan enflasyon hedeflemesi uygulamasının kriz dönemlerinde de verimli olup olmadığı tartışılmaktadır. Çalışmanın amacı, enflasyon hedeflemesi uygulamasını benimseyen ve benimsemeyen ülkelerin enflasyon verilerini kıyaslayarak uygulamasının enflasyon ile mücadelede başarılı olup olmadığını analiz etmektir.

Anahtar Kelimeler: Enflasyon, Enflasyon Hedeflemesi, Küresel Finans Krizi

JEL Sınıflandırması: E31, P44

 

ANALYSIS OF INFLATION TARGETING WHILE GLOBAL FINANCIAL CRISIS IS STILL GOING ON

Abstract

Nowadays the most important expected target of the Central Banks’ is price stability which is becoming increasingly a threat of the country's economy. Some countries which is to ensure price stability using various monetary policy tools, have been using inflation targeting since 1990. Especially after the 2008 global financial crisis, the dynamics of the changing economy has led to a questioning of inflation targeting. Based on the principles of goal setting and public disclosure of the implementation of inflation targeting productive whether in times of crisis are discussed. The aim of this study is to analyze whether inflation targeting is successful against inflation by comparing inflation targeting countries and the others’ inflation rates.

Keywords: Inflation, Inflation Targeting, Global Financial Crisis

JEL Classification: E31, P44

.

Article Details

ANALYSIS OF INFLATION TARGETING WHILE GLOBAL FINANCIAL CRISIS IS STILL GOING ON

Authors: Aysel GÜNDOĞDU

Publisher: Kenan ÇELİK

Main Topics: Sociology and anthropology

Journal: International Journal of Economics and Administrative Studies 2015 Issue 15, pp.207-220

Document Type: Article

Publication Date: 6/2015

Document Language: English

Document ID (Org No.): 2000642128

Frequency: Quarterly

eISSN: 1307-9859

pISSN: 1307-9832

DOI: https://doi.org/10.18092/ijeas.86079

Issues

Authors:

Aysel GÜNDOĞDU

Publisher:

Kenan ÇELİK

Main Topics:

Sociology and anthropology

Journal:

International Journal of Economics and Administrative Studies 2015 Issue 15, pp.207-220

Document Type:

Article

Publication Date:

6/2015

Document Language:

English

Document ID (Org No.):

2000642128

Frequency:

Quarterly

eISSN:

1307-9859

pISSN:

1307-9832

DOI:

https://doi.org/10.18092/ijeas.86079