Research Information System
Industrial Policy, vol.5, no.2, pp.74-84, 2025 (Peer-Reviewed Journal)
The Covid-19 pandemic has had significant macroeconomic effects on the Turkish economy, as it has on all countries, causing serious fluctuations in key areas such as production, consumption, investment, and employment. During this process, the central bank implemented expansionary policies in response to the effects of the pandemic and aimed to minimize the effects of the crisis. This study examined the relationships among the policy rate, inflation rate, and unemployment rate, and analysed the effects of the Covid-19 pandemic on these variables and the relationships between them. The findings indicate a positive relationship between the policy rate and inflation rate, and a negative relationship between inflation and unemployment rates, demonstrating that the Covid-19 pandemic has significant effects on these variables and the relationship between them.