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MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME

Year 2017, Volume: 17 Issue: 2, 53 - 81, 30.06.2017

Abstract

Borçlanma ve bütçe açıklarındaki keskin artışlar kamu maliyesinin sürdürülebilirliği konusundaki endişeleri arttırmış, pek çok ülkede mali kurallar bu soruna çözüm olarak uygulamaya konmuştur Literatürde, ihtiyari politikanın neden olacağı borçlanma ve bütçe açığı eğilimi ile zaman tutarsızlığı, kurala dayalı politikanın ihtiyari politikaya göre daha etkin olmasının nedeni olarak ifade edilmektedir. Bu noktada, hükümetlerin borçlanma ve bütçe açığı eğiliminin anlaşılmasında ekonomi ve politika arasındaki ilişkin dikkatle incelenmesi ve analizi önem taşımaktadır. Bu inceleme, mali kuralların teorik temellerinin anlaşılmasına yardımcı olacağı gibi mali sürdürülebilirlik açısından da mali kuralların etkinliğinin analizine imkan verecektir.
Bu çerçevede, çalışmanın amacı, pek çok ülkede kamu maliyesinin sürdürülebilirliği konusundaki sorunlara çözüm olarak uygulamaya konan mali kuralların gelişiminin, rasyonalitesinin ve teorik temellerinin politika ve ekonomi arasındaki ilişki üzerinden ortaya konulmasıdır. Çalışmada, kurala dayalı maliye politikasının teorik nedenlerinin politik makroekonomi modelleri çerçevesinde ele alınmasıyla, mali kural alanında gerçekleştirilecek olan teorik ve ampirik çalışmalara katkı sağlanacağı düşünülmektedir.

References

  • Aghion, Philippe ve Bolton, Patrick (1990). “Government Debt and the Risk of De-fault: A Political Economic Model of the Strategic Role of Debt”. Public Debt Management: Theory and Practice. Ed. Rudiger Dornbusch ve Mario Draghi. Cambridge: Cambridge University Press.
  • Alesina, Alberto ve Drazen, Allan (1991). “Why are Stabilizations Delayed?”. The American Economic Review 81(5):1170-1188.
  • Alesina, Alberto ve Passalacqua, Andrea (2015). “The Political Economy Of Government Debt”. NBER Working Paper No. 21821.
  • Alesina, Alberto ve Perotti, Roberto (1995). “The Political Economy of Budget Deficit”. International Monetary Fund 42(1):1-31.
  • Alesina, Alberto ve Perotti, Roberto (1996). “Income Distribution, Political Instability, and Investment”. European Economic Review 40:1203-1228.
  • Alesina, Alberto ve Perotti, Roberto (1999). “Budget Deficits and Budget Institutions”. Fiscal Institutions and Fiscal Performance. Ed. James M. Poterba ve Jürgen von Hagen. Chicago: University of Chicago Press.
  • Alesina, Alberto ve Tabellini, Guido (1990). “A Positive Theory of Fiscal Deficits and Government Debt”. Review of Economic Studies 57(3):403-14.
  • Barro, Robert (1979). “On the Determination of Public Debt”. Journal of Political Economy 87(5):940-971.
  • Barro, Robert J. ve Gordon, David B. (1983). “A Positive Theory of Monetary Policy in a Natural Rate Model”. Journal of Political Economy 91:589-610.
  • Bernanke, Ben S (2010). “Fiscal Sustainability and Fiscal Rule. Boards of Governors of the Federal Reserve System”. mimeo.
  • Brender, Adi (2003). “The Effect of Fiscal Performance On Local Government Election Results in Israel: 1989–1998”. Journal of Public Economics 87:2187–2205.
  • Brender, Adi ve Drazen, Allan (2005). “Political Budget Cycles in New Versus Established Democracies”. Journal of Monetary Economics 52:1271–1295.
  • Buchanan, James M. ve Wagner, Richard E. (1977). Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press.
  • Calmfors, Lars (2005). “What Remains of the Stability Pact and What Next?” Swedish Institute for European Policy Studies Report No. 8.
  • Cukierman, Alex ve Meltzer, Allan H. (1986). “Positive Theory of Discretionary Policy, The Cost of Democratic Government and The Benefits of a Constitution”. Economic Inquiry 24(3):367-388.
  • Dalton, Hugh (1954). Principles of Public Finance. London: Routledge and Kegan Paul. Debrun, Xavier ve Kumar, Manmohan (2007). “Fiscal Rules, Fiscal Councils and All That: Commitment Devices, Signaling Tools or Smokescreens?” Fiscal Policy Current Issues and Challenges. Ed. Banca d’Italia. Rome: Bank of Italy.
  • Debrun, Xavier; Moulin, Laurent; Turrini, Alessandro; Ayuso-i-Casals, Joaquim ve Kumar, Manmohan S. (2008). “Tied to the Mast? National Fiscal Rules in the European Union”. Economic Policy 23(54):297-362.
  • Devereux, Micheal B. ve Wen, Jean F. (1998). “Political Instability, Capital Taxation, and Growth”. European Economic Review 42:1635-1651.
  • Drazen, Allan (2000). Political Economy in Macroeconomics. New Jersey: Princeton University Press.
  • Drazen, Allan (2002). “Fiscal Rules From A Political Economy Perspective”. Conference on Rules-Based Fiscal Policy in Emerging Market Economies. Oaxaca: IMF-World Bank.
  • Drazen, Allan ve Eslava, Marcela (2010). “Electoral Manipulation via Voter-Friendly Spending: Theory and Evidence”. Journal of Development Economics 92:39–52.
  • Dollery, Brian E. ve Worthington, Andrew, C. (1996). “The Empirical Analysis Of Fiscal Illusion”. 10(3):261-297.
  • Dornbusch, Rudiger ve Draghi, Mario (1990). Public Debt Management: Theory and History. New York: Cambridge University Press.
  • Downs, Anthony (1957). “An Economic Theory of Political Action in a Democracy”. Journal of Political Economy 65(2):135-150.
  • EU Commission, (2006). “Public finances in EMU”. European Economy No. 2006-3.
  • Hallerberg, Mark ve Hagen, Jurgen V. (1999). “Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union”. Fiscal Institutions and Fiscal Performance. Ed. James M. Poterba ve Jürgen von Hagen. Chicago: University of Chicago Press.
  • Hercowitz, Zvi ve Strawczynski, Michel (2004). “Cyclical Ratcheting in Government Spending: Evidence from the OECD”. The Review of Economics and Statistics 86(1):353-361.
  • IMF “Historical Public Debt Database”, http://www.imf.org/external/datamapper/index.php?db=FM, 10 Mayıs 2016’da erişildi.
  • IMF “Fiscal Monitor Database”, http://www.imf.org/external/datamapper/datasets/FM, 10 Ekim 2016’da erişildi.
  • IMF “Fiscal Rules Dataset”, http://www.imf.org/external/datamapper/FiscalRules/map/map.htm, 5 Aralık 2015’te erişildi.
  • IMF (2009). “Fiscal Rules-Anchoring Expectations for Sustainable Public Finances”. IMF Staff Paper.
  • Kennedy, Suzanne; Robbins, Janine; Delermo, François (2001). “The Role of Fiscal Rules in Determınıng Fıscal Performance”. Fiscal Rules Conference.
  • Kopits, George (2001). “Fiscal Rules: Useful Policy Framework or Unnecessary Ornament?”. IMF Working Paper No. 01-145.
  • Kopits, George ve Symansky, Steven A. (1998). “Fiscal Policy Rules”. IMF Occasional Paper No. 162.
  • Kydland, Finn, E. ve Prescott, Edward, C. (1977). “Rules Rather Than Discretion: The Inconsistency of Optimal Plans”. The Journal of Political Economy 85(3):473-492.
  • Marneffe, Wim; Aatleb, Bas, V.; Wielenc, Wouter, V.D.; Vereeckd, Lode (2010). “The Impact of Fiscal Rules on Public Finances: Theory and Empirical Evidence for The Euro Area”. Cesifo Woking Paper Series No.3303.
  • Millar, Jonathan (1997). “The Effects of Budget Rules on Fiscal Performance and Macroeconomic Stabilization”. Bank of Canada Working Paper No. 95-15.
  • Morris, Richard; Ongena, Hedwig; Schuknect, Ludger (2006). “The Reform and Implementation of The Stability and Growth Pact”. European Central Bank Occasional Paper Series No. 47.
  • Niskanen, William A. (1971). Bureaucracy and Representative Government. New York: Aldine.
  • Niskanen, William A. (1975). “Bureaucrats and Politicians”. The Journal of Law & Economics 18(3):617-643.
  • Nordhaus, William D. (1975). “The Political Business Cycle”. The Review of Economic Studies 42(2):169-190.
  • Özler, Şule ve Tabellini, Guido (1991). “External Debt and Political Instability”. NBER Working Paper No. 3772.
  • Persson, Torsten ve Svensson, Lars E. O. (1989). “Why a Stubborn Conservative Would Run a Deficit: Policy with Time-Inconsistency Preferences”. Quarterly Journal of Economics 104 (2):325-45.
  • Puviani, Amilcare (1967). “Public Finance in Democratic Process: Fiscal Institutions and Individual Choice”. The Fiscal Illusion. Ed. James M. Buchanan. Chapel Hill: University of North Carolina Press.
  • Rogoff, Kenneth (1990). “Equilibrium Political Budget Cycles”. The American Economic Review 80(1):21-36.
  • Rogoff, Kenneth ve Sibert, Anne (1988). “Elections and Macroeconomic Policy Cycles”. The Review of Economic Studies 55(1):1-16.
  • Tabellini, Guido ve Alesina Alberto (1990). “Voting on the Budget Deficit”. The American Economic Review 80(1):37-49.
  • Velasco, Andres (1999). “A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms”. Fiscal Institutions and Fiscal Performance. Ed. James M. Poterba ve Jürgen von Hagen. Chicago: University of Chicago Press.
  • Velasco, Andres (2000). “Debts and Deficits with Fragmented Fiscal Policymaking”. Journal of Public Economics 76:105–125.
  • Wagner, Richard E. (1976). “Revenue Structure, Fiscal Illusion, and Budgetary Choice”. Public Choice 25:45-61.
  • Weingast, Barry C.; Shepsle, Kenneth A.; Johnsen, Christopher (1981). “The Political Economy of Benefits and Costs: A Neoclassical Approach to Distributive Politics”. Journal of Political Economy 84(4):642-664.
  • Woods, Roberts (2004). “The Role of Public Debt in the UK Fiscal Rules”. Public Debt. Ed. Bancad’Italia. Rome.
  • Wyplosz, Charles (2005). “Fiscal Policy: Institutions versus Rules”. National Institute Economic Review 191(64):64-78.
  • Wyplosz, Charles (2012). “Fiscal Rules: Theoretical Issues and Historical Experiences”. NBER Working Paper No. 17884.
Year 2017, Volume: 17 Issue: 2, 53 - 81, 30.06.2017

Abstract

References

  • Aghion, Philippe ve Bolton, Patrick (1990). “Government Debt and the Risk of De-fault: A Political Economic Model of the Strategic Role of Debt”. Public Debt Management: Theory and Practice. Ed. Rudiger Dornbusch ve Mario Draghi. Cambridge: Cambridge University Press.
  • Alesina, Alberto ve Drazen, Allan (1991). “Why are Stabilizations Delayed?”. The American Economic Review 81(5):1170-1188.
  • Alesina, Alberto ve Passalacqua, Andrea (2015). “The Political Economy Of Government Debt”. NBER Working Paper No. 21821.
  • Alesina, Alberto ve Perotti, Roberto (1995). “The Political Economy of Budget Deficit”. International Monetary Fund 42(1):1-31.
  • Alesina, Alberto ve Perotti, Roberto (1996). “Income Distribution, Political Instability, and Investment”. European Economic Review 40:1203-1228.
  • Alesina, Alberto ve Perotti, Roberto (1999). “Budget Deficits and Budget Institutions”. Fiscal Institutions and Fiscal Performance. Ed. James M. Poterba ve Jürgen von Hagen. Chicago: University of Chicago Press.
  • Alesina, Alberto ve Tabellini, Guido (1990). “A Positive Theory of Fiscal Deficits and Government Debt”. Review of Economic Studies 57(3):403-14.
  • Barro, Robert (1979). “On the Determination of Public Debt”. Journal of Political Economy 87(5):940-971.
  • Barro, Robert J. ve Gordon, David B. (1983). “A Positive Theory of Monetary Policy in a Natural Rate Model”. Journal of Political Economy 91:589-610.
  • Bernanke, Ben S (2010). “Fiscal Sustainability and Fiscal Rule. Boards of Governors of the Federal Reserve System”. mimeo.
  • Brender, Adi (2003). “The Effect of Fiscal Performance On Local Government Election Results in Israel: 1989–1998”. Journal of Public Economics 87:2187–2205.
  • Brender, Adi ve Drazen, Allan (2005). “Political Budget Cycles in New Versus Established Democracies”. Journal of Monetary Economics 52:1271–1295.
  • Buchanan, James M. ve Wagner, Richard E. (1977). Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press.
  • Calmfors, Lars (2005). “What Remains of the Stability Pact and What Next?” Swedish Institute for European Policy Studies Report No. 8.
  • Cukierman, Alex ve Meltzer, Allan H. (1986). “Positive Theory of Discretionary Policy, The Cost of Democratic Government and The Benefits of a Constitution”. Economic Inquiry 24(3):367-388.
  • Dalton, Hugh (1954). Principles of Public Finance. London: Routledge and Kegan Paul. Debrun, Xavier ve Kumar, Manmohan (2007). “Fiscal Rules, Fiscal Councils and All That: Commitment Devices, Signaling Tools or Smokescreens?” Fiscal Policy Current Issues and Challenges. Ed. Banca d’Italia. Rome: Bank of Italy.
  • Debrun, Xavier; Moulin, Laurent; Turrini, Alessandro; Ayuso-i-Casals, Joaquim ve Kumar, Manmohan S. (2008). “Tied to the Mast? National Fiscal Rules in the European Union”. Economic Policy 23(54):297-362.
  • Devereux, Micheal B. ve Wen, Jean F. (1998). “Political Instability, Capital Taxation, and Growth”. European Economic Review 42:1635-1651.
  • Drazen, Allan (2000). Political Economy in Macroeconomics. New Jersey: Princeton University Press.
  • Drazen, Allan (2002). “Fiscal Rules From A Political Economy Perspective”. Conference on Rules-Based Fiscal Policy in Emerging Market Economies. Oaxaca: IMF-World Bank.
  • Drazen, Allan ve Eslava, Marcela (2010). “Electoral Manipulation via Voter-Friendly Spending: Theory and Evidence”. Journal of Development Economics 92:39–52.
  • Dollery, Brian E. ve Worthington, Andrew, C. (1996). “The Empirical Analysis Of Fiscal Illusion”. 10(3):261-297.
  • Dornbusch, Rudiger ve Draghi, Mario (1990). Public Debt Management: Theory and History. New York: Cambridge University Press.
  • Downs, Anthony (1957). “An Economic Theory of Political Action in a Democracy”. Journal of Political Economy 65(2):135-150.
  • EU Commission, (2006). “Public finances in EMU”. European Economy No. 2006-3.
  • Hallerberg, Mark ve Hagen, Jurgen V. (1999). “Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union”. Fiscal Institutions and Fiscal Performance. Ed. James M. Poterba ve Jürgen von Hagen. Chicago: University of Chicago Press.
  • Hercowitz, Zvi ve Strawczynski, Michel (2004). “Cyclical Ratcheting in Government Spending: Evidence from the OECD”. The Review of Economics and Statistics 86(1):353-361.
  • IMF “Historical Public Debt Database”, http://www.imf.org/external/datamapper/index.php?db=FM, 10 Mayıs 2016’da erişildi.
  • IMF “Fiscal Monitor Database”, http://www.imf.org/external/datamapper/datasets/FM, 10 Ekim 2016’da erişildi.
  • IMF “Fiscal Rules Dataset”, http://www.imf.org/external/datamapper/FiscalRules/map/map.htm, 5 Aralık 2015’te erişildi.
  • IMF (2009). “Fiscal Rules-Anchoring Expectations for Sustainable Public Finances”. IMF Staff Paper.
  • Kennedy, Suzanne; Robbins, Janine; Delermo, François (2001). “The Role of Fiscal Rules in Determınıng Fıscal Performance”. Fiscal Rules Conference.
  • Kopits, George (2001). “Fiscal Rules: Useful Policy Framework or Unnecessary Ornament?”. IMF Working Paper No. 01-145.
  • Kopits, George ve Symansky, Steven A. (1998). “Fiscal Policy Rules”. IMF Occasional Paper No. 162.
  • Kydland, Finn, E. ve Prescott, Edward, C. (1977). “Rules Rather Than Discretion: The Inconsistency of Optimal Plans”. The Journal of Political Economy 85(3):473-492.
  • Marneffe, Wim; Aatleb, Bas, V.; Wielenc, Wouter, V.D.; Vereeckd, Lode (2010). “The Impact of Fiscal Rules on Public Finances: Theory and Empirical Evidence for The Euro Area”. Cesifo Woking Paper Series No.3303.
  • Millar, Jonathan (1997). “The Effects of Budget Rules on Fiscal Performance and Macroeconomic Stabilization”. Bank of Canada Working Paper No. 95-15.
  • Morris, Richard; Ongena, Hedwig; Schuknect, Ludger (2006). “The Reform and Implementation of The Stability and Growth Pact”. European Central Bank Occasional Paper Series No. 47.
  • Niskanen, William A. (1971). Bureaucracy and Representative Government. New York: Aldine.
  • Niskanen, William A. (1975). “Bureaucrats and Politicians”. The Journal of Law & Economics 18(3):617-643.
  • Nordhaus, William D. (1975). “The Political Business Cycle”. The Review of Economic Studies 42(2):169-190.
  • Özler, Şule ve Tabellini, Guido (1991). “External Debt and Political Instability”. NBER Working Paper No. 3772.
  • Persson, Torsten ve Svensson, Lars E. O. (1989). “Why a Stubborn Conservative Would Run a Deficit: Policy with Time-Inconsistency Preferences”. Quarterly Journal of Economics 104 (2):325-45.
  • Puviani, Amilcare (1967). “Public Finance in Democratic Process: Fiscal Institutions and Individual Choice”. The Fiscal Illusion. Ed. James M. Buchanan. Chapel Hill: University of North Carolina Press.
  • Rogoff, Kenneth (1990). “Equilibrium Political Budget Cycles”. The American Economic Review 80(1):21-36.
  • Rogoff, Kenneth ve Sibert, Anne (1988). “Elections and Macroeconomic Policy Cycles”. The Review of Economic Studies 55(1):1-16.
  • Tabellini, Guido ve Alesina Alberto (1990). “Voting on the Budget Deficit”. The American Economic Review 80(1):37-49.
  • Velasco, Andres (1999). “A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms”. Fiscal Institutions and Fiscal Performance. Ed. James M. Poterba ve Jürgen von Hagen. Chicago: University of Chicago Press.
  • Velasco, Andres (2000). “Debts and Deficits with Fragmented Fiscal Policymaking”. Journal of Public Economics 76:105–125.
  • Wagner, Richard E. (1976). “Revenue Structure, Fiscal Illusion, and Budgetary Choice”. Public Choice 25:45-61.
  • Weingast, Barry C.; Shepsle, Kenneth A.; Johnsen, Christopher (1981). “The Political Economy of Benefits and Costs: A Neoclassical Approach to Distributive Politics”. Journal of Political Economy 84(4):642-664.
  • Woods, Roberts (2004). “The Role of Public Debt in the UK Fiscal Rules”. Public Debt. Ed. Bancad’Italia. Rome.
  • Wyplosz, Charles (2005). “Fiscal Policy: Institutions versus Rules”. National Institute Economic Review 191(64):64-78.
  • Wyplosz, Charles (2012). “Fiscal Rules: Theoretical Issues and Historical Experiences”. NBER Working Paper No. 17884.
There are 54 citations in total.

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Primary Language Turkish
Journal Section Reasearch Articles
Authors

İrem Çetin This is me

Publication Date June 30, 2017
Submission Date March 9, 2017
Published in Issue Year 2017 Volume: 17 Issue: 2

Cite

APA Çetin, İ. (2017). MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME. Bolu Abant İzzet Baysal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 17(2), 53-81.
AMA Çetin İ. MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME. ASBİ. June 2017;17(2):53-81.
Chicago Çetin, İrem. “MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME”. Bolu Abant İzzet Baysal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 17, no. 2 (June 2017): 53-81.
EndNote Çetin İ (June 1, 2017) MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME. Bolu Abant İzzet Baysal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 17 2 53–81.
IEEE İ. Çetin, “MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME”, ASBİ, vol. 17, no. 2, pp. 53–81, 2017.
ISNAD Çetin, İrem. “MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME”. Bolu Abant İzzet Baysal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi 17/2 (June 2017), 53-81.
JAMA Çetin İ. MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME. ASBİ. 2017;17:53–81.
MLA Çetin, İrem. “MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME”. Bolu Abant İzzet Baysal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, vol. 17, no. 2, 2017, pp. 53-81.
Vancouver Çetin İ. MALİ KURALLAR VE TEORİK TEMELLERİ ÜZERİNE BİR İNCELEME. ASBİ. 2017;17(2):53-81.

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