Macro-Economic Stability

Macro-economic stability is the sustaining of monetary, fiscal and income policies without disrupting the operation of the market economy. Such elements as the monetary policy being locked onto price stability, the fiscal policy focusing on a sustainable deficit and this deficit being financed via getting into a debt with a reasonable interest rate and the foreseeable inflation rate being taken as the base in terms of the income policy are the criteria of macro-economic stability. The macro-economic stability that creates the necessary environment enabling the efficient operation of the market economy is naturally also a requisite for increasing the Total Factor Productivity.

TÜSİAD Economic and Financial Affairs Committee
Economic Outlook Working Group