BRICS-T ÜLKELERİNDE PARA VE MALİYE POLİTİKALARININ ETKİNLİĞİ

Abstract

Para ve maliye politikalarının etkinlikleri, ekonomik konjonktürle birlikte sık sık değişmektedir. Yaşanan son büyük kriz, geleneksel para ve maliye politikalarının yeterli olmadıklarını ortaya koymuş ve dolayısıyla yeni politika fikirlerini beraberinde getirmiştir. Bu çalışmada, para ve maliye politikalarının etkinliği BRICS-T ülkeleri için araştırılmıştır. Buna göre, para arzı ve devlet nihai tüketim harcamaları konjonktürle aynı yönlü hareket etmektedir. Her iki ekonomi politikası ekonomik performans üzerinde etkin olmakla birlikte, maliye politikası para politikasından nispi olarak daha üstün gözükmektedir. Çalışmadan elde edilen diğer bir önemli bulgu ise Türkiye'nin BRICS ülkeleri ile en azından politika etkinliği konusunda aynı özellikleri taşıyor olmasıdır.

Keywords

• Para Politikası,Maliye Politikası,BRICS-T

EFFICIENCY OF MONETARY AND FISCAL POLICIES IN BRICS-T COUNTRIES

Abstract

The efficiency of monetary and fiscal policies changes frequently with the economic fluctuations. The last great crisis revealed that traditional monetary and fiscal policies are not sufficient and thereby it has brought in the new policy ideas. In this study, the efficiency of monetary and fiscal policies has investigated for BRICS-T countries. Accordingly, money supply and government final consumption expenditure are pro-cyclical. Both economic policies have an impact on economic activity, but fiscal policy appears to be relatively more effective in comparison with monetary policy. Another significant finding obtained from this study is that Turkey shows the same characteristics with BRICS countries, at least in terms of policy efficiency.

Keywords

• Monetary Policy,Fiscal Policy,BRICS-T

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