Class of 2024Başakşehir, Istanbul
- "How does rising inflation after 2020 impact the living standards of economically middle class Turkish citizens?" with mentor Daniel (Sept. 16, 2023)
How does rising inflation after 2020 impact the living standards of economically middle class Turkish citizens?
Started Feb. 24, 2023
Abstract or project description
Price increases have a significant impact on people's living standards by eroding the value of their money. In this research paper, I will discuss how economically middle class Turkish people lost their purchasing power as a result of inflationary monetary policies put in place after 2020. By delving into the monetary policies that were put in place between 2020-2023, this research discusses how inflation is formed. I will address how inflationary expectations are impacting real inflation. This research will focus on inflation in the energy, groceries, transportation, and clothing sectors of the economy and their impacts on the living standards of economically middle-class Turkish citizens.