Küresel Kriz Sonrası Maliye Politikalarında Değişim ve Mali Tuzak Riski

Abstract

2008 yılından bu yana maliye politikası uygulamalarına ilişkin üç farklı dönemden söz edilebilir. Birinci dönem, kriz sonrası Büyük Buhran döneminin bir benzerinin yaşanmaması için canlandırma paketlerinin uygulandığı dönemdir. İkinci dönem 2010 yılından sonra ortaya çıkmıştır. Bu dönemde artan kamu borçları nedeniyle canlandırma paketlerinin yerini kemer sıkma politikaları almış, mali konsolidasyonu hedefleyen politikalar uygulanmaya başlamıştır. Ancak söz konusu politika değişiklikleri global ekonominin durgunluktan çıktığı ancak cılız bir iyileşmenin sağlandığı bir dönemde yapılmıştır. Üçüncü dönem ise günümüzde yaşanmaktadır. Düşük büyüme oranları vergi gelirlerinin azalmasına neden olduğu için sıkı maliye politikası uygulamaları daha fazla daralma ihtiyacı yaratmakta, mali tuzak olasılığı ekonomileri tehdit etmektedir. Çalışmanın amacı esas olarak bu üç dönemin teorik gerekçelerini ortaya koymak ve mali tuzak riskini açıklanmaktır

Keywords

• Maliye Politikası, Mali Tuzak, Mali Konsolidasyon

Abstract

Since 2008, the fiscal policy debate has gone through three phases. The first phase was dominated by a call for fiscal stimulus to avoid another Great Depression. The second phase, from 2010 onward, saw the focus shift to fiscal consolidation as high public debt started to loom large. This policy shift occurred despite a global economy that has not yet on a firm recovery path. The third phase may have begun, with weak growth fiscal austerity threatens to create a fiscal trap in which fiscal austerity lowers growth, thereby lowering tax revenues and necessitating more austerity. The purpose of this paper is to explain theoric causes of these three phases and to clarify the fiscal trap

Keywords

• Fiscal Policy, Fiscal Trap, Fiscal Consolidation.

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