The playbook of “Erdoğanomics” in 2021. Unorthodox Policy Experiments in Turkey
The playbook of “Erdoğanomics” in 2021. Unorthodox Policy Experiments in Turkey

Summary/Abstract: Throughout the past year, citizens in and observers of Turkey increasingly asked themselves if they were witnessing in real time a slow-motion meltdown of the national currency? President Recep Tayyip Erdoğan’s frequent public demands for interest rate cuts and the various justifications he added to these interpolations run counter to the traditional economic rule book. His interventions have raised far-reaching questions about the modus operandi of Turkey’s political economy and the risks involved in his unconventional policy experiment. This contribution inquires if “Erdoğanomics” is coherently implemented, let alone consistently communicated or if policy incompatibility points to wider aspects of a dysfunctional political economy manifesting itself in Turkey?

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