version 1 15 mar country profile turkey macroeconomic policy and recent economic performance teoman pamukcu university of luxembourg erinc yeldan bilkent ankara developments in this chapter we will first provide a general overview the s post 1990 history political is case study persistent difficulties conflicting adjustments wide fluctuations real output investment trade flows observation pertains despite overall thematic continuity with ambitious programme liberalization market led put into full force during early 1980s by military government its civilian successors after decade failed reforms deteriorated entered millennium under new austerity which was effect december 1999 international monetary fund imf involved both design supervision has provided financial assistance totaling 20 6 billion net between 2002 aim to decrease inflation rate single digit end it relied exclusively on nominally pegged anchored exchange
