Ana İçerik

The book Monetary Policy: History, Theoretical Developments, and Its Application in Turkey examines monetary and fiscal policies for short-term stability, analysing the shift from classical to Keynesian and monetarist perspectives. It evaluates the effect of monetary and exchange rate policies on balance following events like oil shocks, the collapse of the Bretton Woods system and the rise of supply-side policies. It also highlights the limitations of stabilisation policies in developing countries and the importance of structural and institutional approaches. The text examines the interaction between monetary and exchange rate policies in the Turkish economy from a holistic perspective.