Türkiye Ekonomisinde ParaPolitikasının Ekonomik BüyümeÜzerinde Uzun ve Kısa Dönemli Etkisi

Year 2016, Issue: 617, 73 - 83, 01.07.2016

Y. Koray Duman

Abstract

Bu çalışmada 1998’den 2015’e üçer aylık zaman serisi verileri kullanılarak Türkiye’de ekonomik büyüme üzerinde para politikasının etkisi incelenmektedir. Yapılan Eş bütünleşme ve hata düzeltme modeli hem kısa dönem de hem de uzun dönemde ekonomik büyüme ile para politikası arasında ilişkinin varlığına işaret etmektedir. Politika yapıcıların ülkedeki ekonomik büyümeyi sağlamak amacıyla para politikası üzerinde daha fazla odaklanması gerektiği önerilmektedir. VEC Hata Düzeltme modelinin sonuçlarından elde edilen bulgulara göre para politikası Türkiye ekonomisinde etkilidir.

Keywords

Para politikası, Ekonomik Büyüme, Türkiye ekonomisi, Hata Düzeltme Modeli

Long and Short Term Impact of Turkish Monetary Policy on Economic Growth

Abstract

This study empirically examines the effect of monetary policy on economic growth in Turkey using quarterly time series data from 1998 to 2015. Cointegration and error correction model indicate the existence of positive significant long run and short run relationship between monetary policy and economic growth. We suggest that policymakers should focus more on monetary policy in order to ensure economic growth. According to the findings obtained from the results of VEC Error Correction model, monetary policy is effective in Turkish economy.

Keywords

Monetary Policy, Economic Growth, Turkish Economy, VEC Error Correction Model

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