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Türkiye’s Homemade Crises
marginalrevolution.com/marginalrevolution/2025/10/turkiyes-homemade-crises.html
Türkiye’s response to post-pandemic inflation is a cautionary tale of how political pressure for low interest rates can create macroeconomic instabilities. While central banks worldwide raised interest rates to combat inflation in 2021-2023, Turkish authorities pursued the opposite…
This story appeared on marginalrevolution.com, 2025-10-04 05:09:04.