Distributional and Welfare Implications of the Recent Disinflation in Turkey
ENES SUNEL
SETA Policy Brief, October 2010
Turkey is among emerging economies that have experienced sharp declines (in the
form of structural changes) in the level of inflation rate since the mid-1990s.
Motivated by the availability of better data on financial system characteristics
and distributional measures, this brief explores the distributional and welfare
impacts of the recent reduction in inflation on the Turkish economy. In
particular, the extent of financial dollarization and the inequality in the
distribution of demand and term deposits are documented. This brief points out
that apart from the classical adverse effects of inflation such as price
distortions and wealth eroding; redistributive effects of inflation might be
created by the particular way that the fiscal policy responds to the monetary
policy.
Read complete text (PDF): http://www.setav.org/Ups/dosya/50929.pdf
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