Analysis of The Inflation Targeting Strategy Implementation Process in Turkey: 2002-2016 Years Sample

One of the essential elements for increasing economic prosperity is sustainable growth. This can be achieved by ensuring economic stability and thus price stability. Countries have tried to combat the problem of inflation in the historical process and have developed different strategies on a continuous basis. Inflation targeting is a strategy that has become popular after the 1990s. His strategy officially began to be implemented by New Zealand in 1990 for the first time. Turkey has about 30 -40 year period at a consistently high and was forced to combat chronic inflation problem and apply this purpose, many stabilization program. As the Inflation Targeting Strategy both developed and developing countries have positive effects on CBRT, the bank announced in early 2002 that its ultimate goal in monetary policy was to move towards inflation targeting. Turkey has been implementing this strategy since 2002. In this study, the conceptual and theoretical framework of inflation targeting is explained than the application process in Turkey were examined by multiple regression analysis