Authors :
Rohan Kumar Agarwal
Volume/Issue :
Volume 8 - 2023, Issue 12 - December
Google Scholar :
http://tinyurl.com/52bknz6r
Scribd :
http://tinyurl.com/yc2rbms6
DOI :
https://doi.org/10.5281/zenodo.10409704
Abstract :
This paper examines the economic shifts in
Turkey during Recep Tayyip Erdogan's presidency
(2014-present). Initially marked by stability and growth
through AKP-led reforms, Erdogan's tenure took a
controversial turn after a failed 2016 coup, resulting in
strained international relations and economic
repercussions. Erdogan's constitutional changes in 2017
concentrated presidential power, with his unorthodox
economic approach causing severe instability in 2022,
including an 80% inflation rate. The paper analyzes the
economic consequences, emphasizing Erdogan's decision
to decrease interest rates during inflation. It also
explores Turkey's recent policy reversal, where a
dramatic interest rate hike, the first since March 2021,
aims to address the soaring inflation. The research
provides insights into Erdogan's economic legacy and
the challenges facing Turkey's future stability.
Keywords :
Inflation, Interest Rates, Fx Rate, Sectors, Lira, Monetary.
This paper examines the economic shifts in
Turkey during Recep Tayyip Erdogan's presidency
(2014-present). Initially marked by stability and growth
through AKP-led reforms, Erdogan's tenure took a
controversial turn after a failed 2016 coup, resulting in
strained international relations and economic
repercussions. Erdogan's constitutional changes in 2017
concentrated presidential power, with his unorthodox
economic approach causing severe instability in 2022,
including an 80% inflation rate. The paper analyzes the
economic consequences, emphasizing Erdogan's decision
to decrease interest rates during inflation. It also
explores Turkey's recent policy reversal, where a
dramatic interest rate hike, the first since March 2021,
aims to address the soaring inflation. The research
provides insights into Erdogan's economic legacy and
the challenges facing Turkey's future stability.
Keywords :
Inflation, Interest Rates, Fx Rate, Sectors, Lira, Monetary.
