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The Effect of Inflation Targeting on Financial Discipline

Cilt: 4 Sayı: 2 26 Nisan 2022
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The Effect of Inflation Targeting on Financial Discipline

Öz

Global düzeyde yaşanan ekonomik krizler ve Covid-19 pandemi sürecinin ortaya çıkardığı ekonomik sorunlar politikaların koordinasyonunu daha önemli hale getirmiştir. Enflasyon hedeflemesi rejimini seçen ülkelerde politikaların etkinliği koordinasyon sürecine daha çok bağımlıdır. Buna bağlı olarak çalışmada 20 ülke için 2006-2021 yılları arasındaki enflasyon hedefinden sapma oranları ve birincil bütçe açıkları kullanılarak statik panel veri analizi kullanılmıştır. Çalışmada enflasyon hedefinden sapmanın birincil bütçe açığını arttırıcı etkisi tespit edilmiştir.

Anahtar Kelimeler

para ve maliye politikası, enflasyon hedeflemesi, mali disiplin, koordinasyon

Kaynakça

  1. Aktaş, Z., Kaya, N. and Özlale, Ü. (2010). Coordination Between Monetary Policy and Fiscal Policy for an Inflation Targeting Emerging Market. Journal of International Money and Finance, 29, 123-138.
  2. Arellano, M. ve Bond, S. (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations, Review of Economic Studies, 58, 277-297.
  3. Azad, N. F., Serletis, A. ve Xu, L. (2021). Covid-19 and monetary–fiscal policy interactions in Canada. Quarterly Review of Economics and Finance ; 81:376-384
  4. Baltagi, B.H, (2005). Econometric Analysis of Panel Data. 3rd Edition, New York: John Wiley & Sons Inc.
  5. Bernanke, B.S. and Mishkin, F.S. (1997). Inflation Targeting: A New Framework for Monetary Policy? Journal of Economic Perspectives, 11, 97-116.
  6. Blinder, A. (1982). Issues in the Coordination of Monetary and Fiscal Policy, Nber Working Paper Series, No. 982.
  7. Bullard, James B. (2020). Monetary Policy and Fiscal Policy Responses to the COVID-19 Crisis,The Regional Economist, Federal Reserve Bank of St. Louis, 28(4).
  8. Canzoneri, M. B. and J. A. Gray (1985). Monetary Policy Games and the Consequences of Noncooperative Behavior. International Economic Review, 26(3), 547-564.
  9. Chadha, J. S.,Corrado, L., Meaning, J. ve Schuler, T. (2021). Monetary and Fiscal Complementarity in the COVID-19 Pandemic., Covid Economics, 81,76-117.
  10. Combes, J.L. , Debrun, X. and Minea, A. (2014). Inflation Targeting and Fisca Rules: Do Interactions and Sequencing Matter? IMF Working Paper, WP/14/89.

Kaynak Göster

APA
Çoban, H., & Yeşil, E. (2022). The Effect of Inflation Targeting on Financial Discipline. BİLTÜRK Journal of Economics and Related Studies, 4(2), 59-76. https://doi.org/10.47103/bilturk.1080116
AMA
1.Çoban H, Yeşil E. The Effect of Inflation Targeting on Financial Discipline. BILTURK. 2022;4(2):59-76. doi:10.47103/bilturk.1080116
Chicago
Çoban, Hilmi, ve Eda Yeşil. 2022. “The Effect of Inflation Targeting on Financial Discipline”. BİLTÜRK Journal of Economics and Related Studies 4 (2): 59-76. https://doi.org/10.47103/bilturk.1080116.
EndNote
Çoban H, Yeşil E (01 Nisan 2022) The Effect of Inflation Targeting on Financial Discipline. BİLTÜRK Journal of Economics and Related Studies 4 2 59–76.
IEEE
[1]H. Çoban ve E. Yeşil, “The Effect of Inflation Targeting on Financial Discipline”, BILTURK, c. 4, sy 2, ss. 59–76, Nis. 2022, doi: 10.47103/bilturk.1080116.
ISNAD
Çoban, Hilmi - Yeşil, Eda. “The Effect of Inflation Targeting on Financial Discipline”. BİLTÜRK Journal of Economics and Related Studies 4/2 (01 Nisan 2022): 59-76. https://doi.org/10.47103/bilturk.1080116.
JAMA
1.Çoban H, Yeşil E. The Effect of Inflation Targeting on Financial Discipline. BILTURK. 2022;4:59–76.
MLA
Çoban, Hilmi, ve Eda Yeşil. “The Effect of Inflation Targeting on Financial Discipline”. BİLTÜRK Journal of Economics and Related Studies, c. 4, sy 2, Nisan 2022, ss. 59-76, doi:10.47103/bilturk.1080116.
Vancouver
1.Hilmi Çoban, Eda Yeşil. The Effect of Inflation Targeting on Financial Discipline. BILTURK. 01 Nisan 2022;4(2):59-76. doi:10.47103/bilturk.1080116