RELATIVE EFFECTIVENESS OF MONETARY AND FINANCE POLICIES: AN APPLICATION FOR TURKEY
Journal Title: The Journal of International Social Research - Year 2015, Vol 8, Issue 39
Abstract
In this study, whether monetary policy or finance policy was effective was studied for Turkey in the period between 1990-2014 using ARDL model. GDP - representing economic activity level -, M2 money supply – representing monetary policy -, and variables of short term interest rates were used in the study. On the other hand, public expenditure and public revenue were used as representatives of finance policy. According to the empirical findings of the study, monetary policy is not effective in the long term and finance policy is effective both in the long and in short term, yet this effect is negative. According to these results, finance policy is relatively more effective when compared to monetary policy in adjusting the economic performance in Turkey in parallel to Keynesian view.
Authors and Affiliations
Canan SANCAR
Keywords
Related Articles
- EP ID EP267786
- DOI -
- Views 151
- Downloads 0
RELATION BETWEEN RESIDENCE STATUS OF UNIVERSITY STUDENTS AND THE CITY: ÇANKIRI EXAMPLE
In our country, universities, the city's population, economy, be said to be more than the number of studies examining the changes taking place in social and cultural structures. In this study, Çankırı Central is located...
THE MALATYA POLICY OF KADI BURHAN AL-DIN AHMED
After fading from the history scene of Turkish Seljuks, in Anatolia the struggle for dominance between Ilkhanid, Eretnis, Dulkadirs and Mamluqs had been came through. The Eretnis succeed in establishing the state compris...
CAPACITY OF THE ENERGY SOURCES TO STEER GLOBAL POLICY AND TURKEY’S ENERGY STRATEGY
Energy is the common need of all living creatures and things from daily life needs to the productions of complex structures. Governments encounter problems in supplying the energy of their nations as reliable, cheap and...
SELF-EFFICACY BELIEFS OF PRESCHOOL TEACHERS REGARDING DEVELOPMENT FIELDS AND THE LEVELS OF USING REALITY THERAPY/ CONTROL MODEL
The current study was carried out to investigate the relation between the self-efficacy beliefs of preschool teachers regarding development fields and the levels of using reality therapy/ control model. Teachers working...
A COMPARATIVE ANALYSIS OF SOCIAL, ECONOMICAL AND DEMOGRAPHICAL CHARACTERISTICS OF MIGROS AND BIM CUSTOMERS (A CASE STUDY OF VAN)
With the rise of consumerist capitalism, shopping malls have begun to proliferate and take its place as the center of public life and an inseparable part of cities and metropoles. In these places, life is built on and co...