01772cas a2200253 a 4500 AALejournalIMF000516 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858389 1018-5941 BD-DhAAL BD-DhAAL Papi, Laura. An Econometric Analysis of the Determinants of Inflation in Turkey / Laura Papi, G. Lim. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students High and variable inflation has been a central feature of the Turkish economy since the 1970s. This paper seeks to shed some light on the determinants of inflation in Turkey by analyzing price determination within the framework of a multi-sector macroeconomic model during 1970-95. The main findings are that monetary variables (initially money, more recently the exchange rate) play a central role in the inflationary process, that public sector deficits contribute to inflationary pressures, and that inertial factors are quantitatively important. Policymakers' commitment to active exchange rate depreciation on several occasions in the past 15 years has also contributed to the inflationary process. Mode of access: Internet Lim, G. IMF Working Papers; Working Paper ; No. 1997/170 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/170/001.1997.issue-170-en.xml IMF e-Library