1lul'qarsion 1 2A - TURKEY Monetary Policy 2.1 Discuss the monetary policy which was applied in the period that lGDP fell down the most Find data on policy changes: changes in the monetary policy in that period compared with previous years. Collection of necessary and relevant data from Central Bank ie.g., money supply, key interest rates] is essential to demonstrate your points _ Discuss what the adjustment of monetary policy means and analyze the theoretical impact of the policy changes on money market and on the economy _ Draw AS AD diagram and money market diagram to illustrate the theoretical impact of the policy. _ Based on data collected in question 1 and other further data, evaluate the effectiveness of the policy. _ What are the main obstacles to the implementation of the monetary policy in the country? Discuss. 2.2. Discuss the monetary policy which was applied in the period that experienced highest inflation or deepest deflation _ Find data on policy changes: changes in the monetary policy in that period compared with previous years. Collection of necessary and relevant data from Central Bank ie.g., money supply, key interest rates] is essential to demonstrate your points. _ Discuss what the adjustment of monetary policy means and analyze the theoretical impact of the policy changes on money market and on the economy. _ Draw AS AD diagram and money market diagram to illustrate the theoretical impact of the policy. _ Based on data collected in question 1 and other further data, evaluate the effectiveness of the policy. _ What are the main obstacles to the implementation of the monetary policy in the country? Discuss. 2.3. Compare and contrast the policies applied between the two periods in 2.1 and 2.2