For 2.1 and 2.2. make sure do not analyze the same period.

TURKEY MONETARY POLICY.

2.1 Discuss the monetary policy which was applied in the period that GDP 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 (e.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 the money market and on the economy

_ Draw the AS-AD diagram and money market diagram to illustrate the theoretical impact 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 the 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 (e.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 the money market and on the economy

_ Draw the AS-AD diagram and money market diagram to illustrate the theoretical impact of the policy.

_ What are the main obstacles to the implementation of the monetary policy in the country? Discuss.