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Para Politikasında Şeffaflık ve Enflasyonist Beklentilerin Yönlendirilmesi = Transparency in Monetary Policy and Management of Inflationary Expectations

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Author(s): Aydan KANSU

Journal: Dogus University Journal
ISSN 1302-6739

Volume: 8;
Issue: 1;
Start page: 59;
Date: 2007;
Original page

Keywords: Monetary policy | Transparency | Inflation | Inflationary expectations

ABSTRACT
In recent years, central banks paid a great attention to the transparency of monetary policy. The clarity in central bank's target and the transparency how it achieves this target enable economic units to make correct decisions by eliminating the uncertainty. Thus, inflationary expectations, which are one of the important factors impacting the inflation level, can be reduced and brought to a level in line with the central bank's target. This study demonstrates that inflationary expectations can be managed by the provision of transparency in the monetary policy and this type of monetary policy bears effective outcomes in fighting with inflation.
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