Society for Case Research Spring Conference MBAA

4
Experience level: 
Beginner
Intended Audience: 
Faculty
Authors: 
Elif B. Dilden, Ph.D, Michael Stellern, Ph.D.

INFLATION AND MONETARY POLICY: AN APPLICATION FROM TURKEY

Turkey's consumer price inflation rate jumped to 36.08 percent year-on-year in December 2021 and up from 21.31 percent in the previous month and well above market expectations. Compared to the monthly December inflation rate of 7% in the United States and 5% in the Eurozone, Turkey’s inflation rate is enough to set alarms. So, how did the Turkish inflation rate increase so high?