BRICS-T ÜLKELERİNDE PARA VE MALİYE POLİTİKALARININ ETKİNLİĞİ

Year 2019, Volume: 20 Issue: 3, 60 - 71, 17.12.2019

Veysel Karagöl , Ali Benli

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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