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This study comes up with a measure of the structural budget balance for the Turkish economy between 2006-2010 in order to assess fiscal stance and evaluate the sensitivity of the budget balance with respect to the business cycles. Calculating structural budget balance requires three steps:...
Persistent link: https://www.econbiz.de/10009407707
Monetary and fiscal policies are two main policies which play an important role in the changes of economic activities. Monetary policy is applied by a central bank or monetary authority while fiscal policy is set by the government. The relative effectiveness of monetary and fiscal policies is an...
Persistent link: https://www.econbiz.de/10015255401
Following the US financial crisis of 2006-2007, the global economy suffered from negative spillover effects of it since fall 2008. In this study, the effects of global financial crsis on Turkish economy (2008-2010) and the macroeconomic performance of the Turkish government (before and) during...
Persistent link: https://www.econbiz.de/10015225975
In order to understand the common policies implemented by European Union for ensuring the political and economical integration,it is necessary to analyze the European Union Budgetary Expenditures,which are reflections of such policies. In this study, EU budgetary expenditures during 2007-2010...
Persistent link: https://www.econbiz.de/10015234329
Increasing and sustaining the quality of life for people can be possible when they are healthy. Good health conditions require good quality and reachable health care services. Because of the market failure as a result of asymmetric information, public sector as well as private one provides...
Persistent link: https://www.econbiz.de/10015234456
2001 krizinden sonra 2007'ye kadar Türkiye ekonomisi uzun dönem ortalamasının çok üzerinde büyüdü. Üstelik bu büyüme hızı benzer ülkelerin büyüme hızlarının da üzerinde gerçekleşti. Aynı dönemde Türkiye mali disipline dayanan bir ekonomik programı uygulamaya koydu. Bu...
Persistent link: https://www.econbiz.de/10010320472
The Keynesian approach claims that a reduction in average taxes and/or an increase in autonomous government expenditures will stimulate growth in the economy through multiplier effects. The supply side economics, however, considers mainly the necessary cut in effective economy-wide marginal tax...
Persistent link: https://www.econbiz.de/10015254335
English Abstract: The state has been given the role to intervene to the markets when it is needed under the framework of liberal policies. However the assertors of liberal policies also pay sufficient attention to this role of intervention. Hence the state's intervention to the market is limited...
Persistent link: https://www.econbiz.de/10012952391
Persistent link: https://www.econbiz.de/10009665892
In our paper, the cyclical properties between real income and inflation in the Turkish economy have been tried to be examined by use of some contemporaneous filtering techniques. Our findings considering 1987Q1-2007Q2 investigation period reveal that the cyclical real income component has a...
Persistent link: https://www.econbiz.de/10015220155