TESTING THE CREDIBILITY OF TURKISH POLICY ANNOUNCEMENTS

Authors : Funda TELATAR

Pages : 129-140

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Publication Date : 1998-12-31

Article Type : Research Paper

Abstract :This paper examines the credibility of two cases of policy announcements:   namely being the monetary programming 1990, and the stabilization programming 1994 in Turkey by usin error correction methodology, along with Chow stability tests. The paper concludes that two economic policy announcements are not characterized as credible by public.
Keywords : Credibility, Economic Policy Anncuncelnents, Monetary Policy Games, Time Inconsistency