Özet:

The views put forward against discretionary policies and inflation costs resulted in the change of the precedence sequence of monetary policy targets. In recent years, price stability has been accepted the primary target of the monetary policy in many developed and developing countries. This development led to the advent of the alternative monetary policy strategies. Monetary targeting, exchange rate pegging and inflation targeting, are the basic monetary strategies. The country practices have shown that all of the so called strategies haven’t been successful in reaching the desired targets at the same level. The aim of this paper is to compare the alternative monetary strategies in terms of the effectiveness of the policy applications.

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