Relative effectiveness of monetary and fiscal policies on output growth in Turkey: an ARDL bounds test approach


Ozer M., Karagol V.

EQUILIBRIUM-QUARTERLY JOURNAL OF ECONOMICS AND ECONOMIC POLICY, cilt.13, sa.3, ss.391-409, 2018 (ESCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 13 Sayı: 3
  • Basım Tarihi: 2018
  • Doi Numarası: 10.24136/eq.2018.019
  • Dergi Adı: EQUILIBRIUM-QUARTERLY JOURNAL OF ECONOMICS AND ECONOMIC POLICY
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus
  • Sayfa Sayıları: ss.391-409
  • Anahtar Kelimeler: monetary policy, fiscal policy, ARDL, Turkey
  • Van Yüzüncü Yıl Üniversitesi Adresli: Evet

Özet

Research background: Effects of monetary and fiscal policy on output growth has been one of the major topics that economists have been investigating. Monetary and fiscal policies are tools for economists and policymakers to correctly direct the economy and facilitate the growth and development of the country. Accordingly, it is critically important for policy-makers in the area of economy to study the efficiency and the effectiveness of such policies. But, so far, there has been no generally accepted evidence suggesting the effectiveness of either the policy in Turkey or around the world. Instead, the dominance of either policy is subject to a change period to period and country to country.