The Turkish Economic Outlook Amid Global Turmoil скачать в хорошем качестве

The Turkish Economic Outlook Amid Global Turmoil

Speakers Jacob Kirkegaard Senior Fellow, The German Marshall Fund of the United States Gulcin Ozkan Professor of Finance, King's College Business School Guven Sak Program Director, The Economic Policy Research Foundation of Turkey Moderator Kadri Tastan GMF-TOBB Senior Fellow, The German Marshall Fund of the United States First, among other factors, the loose monetary policies to ease financial conditions during the coronavirus pandemic and then the global uncertainties resulting from Russia’s invasion of Ukraine followed by the sanctions against Russia have led to inflationary pressures on a worldwide scale. Many central banks from both emerging and advanced economies have responded by pivoting toward tighter monetary policy and higher interest rates. The Central Bank of the Republic of Turkey, on the contrary, has opted for loose monetary policy and lowered interest rates leading to skyrocketing of inflation to over 80 percent. What does Ankara aim to achieve with this economic policy and what are the short-, medium-, and long-term implications for the Turkish economy, politics, and foreign policy?