{"id":4760,"date":"2019-10-18T10:01:57","date_gmt":"2019-10-18T07:01:57","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=4760"},"modified":"2019-10-19T02:12:59","modified_gmt":"2019-10-18T23:12:59","slug":"interaction-of-monetary-and-fiscal-policies-in-turkey-a-dynamic-time-series-data-analysis","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/interaction-of-monetary-and-fiscal-policies-in-turkey-a-dynamic-time-series-data-analysis","title":{"rendered":"Interaction of Monetary and Fiscal Policies in Turkey: A Dynamic Time Series Data Analysis"},"content":{"rendered":"

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Makale Bilgileri<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Dergi:<\/td>\nBusiness and Economics Research Journal<\/td>\n<\/tr>\n
Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\nInteraction of Monetary and Fiscal Policies in Turkey: A Dynamic Time Series Data Analysis<\/td>\n<\/tr>\n
Yazar(lar):<\/td>\nAsl\u0131 G\u00fcler<\/td>\n<\/tr>\n
Cilt:<\/td>\n10<\/td>\n<\/tr>\n
Say\u0131:<\/td>\n5<\/td>\n<\/tr>\n
Y\u0131l:<\/td>\n2019<\/td>\n<\/tr>\n
Sayfa:<\/td>\n1039-1049<\/td>\n<\/tr>\n
ISSN:<\/td>\n2619-9491<\/td>\n<\/tr>\n
DOI Numaras\u0131:<\/td>\n10.20409\/berj.2019.220<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\u00d6z<\/td>\n<\/tr>\n
Monetary and fiscal policies are designed and implemented by different government agencies, each with its own objectives, resources, constraints, and incentives. The actions of monetary authority may affect the fiscal authority\u2019s public debt management and fiscal deficit. On the other side, the fiscal authority\u2019s action also may affect the stance of monetary policy and its results. This paper aims to find the level of fiscal or monetary dominance by evaluating the interaction of monetary and fiscal policies in Turkey for relevant period. For this purpose, it was examined the relationship between inflation rate, monetary policy interest rate, fiscal deficit, public debt in Turkey for 2000 to 2018 by using VAR and ARDL model. According to the results obtained from VAR analysis monetary variables significantly affect fiscal variables. However, there is no evidence of fiscal dominancy on monetary policy. The evidence acquired via ARDL bound test supports these findings. Hereunder, it can be concluded that monetary policy is dominating fiscal policy in the relevant period.<\/td>\n<\/tr>\n
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Anahtar Kelimeler:<\/td>\nUnpleasant Monetarist Arithmetic, Monetary dominancy, Fiscal Dominancy, Policy Interaction<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
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JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\nE37, E58, E62<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: Interaction of Monetary and Fiscal Policies in Turkey: A Dynamic Time Series Data Analysis Yazar(lar): Asl\u0131 G\u00fcler Cilt: 10 Say\u0131: 5 Y\u0131l: 2019 Sayfa: 1039-1049 ISSN: 2619-9491 DOI Numaras\u0131: 10.20409\/berj.2019.220 \u00d6z Monetary and fiscal policies are designed and implemented by different government agencies, each with […]<\/p>\n

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