Journals / Çalışma ve Toplum / 2014 / Sayı: 40

Küresel Kriz Sonrası Maliye Politikalarında Değişim ve Mali Tuzak Riski

Pages
103–116
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The purpose of this paper is to explain theoric causes of these three phases and to clarify the fiscal trap

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Since 2008, the fiscal policy debate has gone through three phases.
📊
Key Findings & Data:The second phase, from 2010 onward, saw the focus shift to fiscal consolidation as high public debt started to loom large.
💡
Conclusion & Impact:The purpose of this paper is to explain theoric causes of these three phases and to clarify the fiscal trap
🔬Design:Research Article
📍Scope:2008 Verileri
⚙️Variables:Maliye Politikası · Mali Tuzak · Mali Konsolidasyon

Abstract

Since 2008, the fiscal policy debate has gone through three phases. The first phase was dominated by a call for fiscal stimulus to avoid another Great Depression. The second phase, from 2010 onward, saw the focus shift to fiscal consolidation as high public debt started to loom large. This policy shift occurred despite a global economy that has not yet on a firm recovery path. The third phase may have begun, with weak growth fiscal austerity threatens to create a fiscal trap in which fiscal austerity lowers growth, thereby lowering tax revenues and necessitating more austerity. The purpose of this paper is to explain theoric causes of these three phases and to clarify the fiscal trap

Özet

2008 yılından bu yana maliye politikası uygulamalarına ilişkin üç farklı dönemden söz edilebilir. Birinci dönem, kriz sonrası Büyük Buhran döneminin bir benzerinin yaşanmaması için canlandırma paketlerinin uygulandığı dönemdir. İkinci dönem 2010 yılından sonra ortaya çıkmıştır. Bu dönemde artan kamu borçları nedeniyle canlandırma paketlerinin yerini kemer sıkma politikaları almış, mali konsolidasyonu hedefleyen politikalar uygulanmaya başlamıştır. Ancak söz konusu politika değişiklikleri global ekonominin durgunluktan çıktığı ancak cılız bir iyileşmenin sağlandığı bir dönemde yapılmıştır. Üçüncü dönem ise günümüzde yaşanmaktadır. Düşük büyüme oranları vergi gelirlerinin azalmasına neden olduğu için sıkı maliye politikası uygulamaları daha fazla daralma ihtiyacı yaratmakta, mali tuzak olasılığı ekonomileri tehdit etmektedir. Çalışmanın amacı esas olarak bu üç dönemin teorik gerekçelerini ortaya koymak ve mali tuzak riskini açıklanmaktır

🔖

Cite This Article

GÖKER, Z. (2014). Küresel Kriz Sonrası Maliye Politikalarında Değişim ve Mali Tuzak Riski. Çalışma ve Toplum, Sayı: 40, 103–116. https://ajindex.com/articles/192366

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (11)

  1. Alesina, Alberto (2010) “Fiscal Adjustments: Lessons from Recent History” http://scholar.harvard.edu/files/alesina/files/fiscaladjustments_lessons-1.pdf
  2. Alesina, A. ve S.Ardagna (2009).”Large Changes in Fiscal Policy: Taxes versus Spending” NBER WP no.15438. Alesina, A. ve S. Ardagna (1998). “Tales of Fiscal Contractions,” Economic Policy, 27,487-545.
  3. Alesina, A.,S.Ardagna, RPerotti ve F. Schiantarelli (1999) “Fiscal Policy, Profits and Investment” NBER WP no.7207. Alesina,P.ve R.Perotti (1997) “Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects” International Monetary Fund Staff Papers 44, 210-48.
  4. Alesina, A. and Perotti, R. (1995). “Fiscal Expansions and Adjustments in OECD countries,” Economic Policy, 21, 205-248.
  5. Baker, Dean (2010) “The Myth of Expansionary Fiscal Austerity” CEPR Bertola, Giuseppe ve A. Drazen (1993) “Trigger Points and Budget Cuts: Explaining The Effects of Fiscal Austerity” AER, Vol.83(1), p.11-26.
  6. Blanchard, Oliver (1990) “Comments on Giavazzi and Pagano” NBER Macroeconomics Annual, 111-116.
  7. Broadbent, B. ve K. Daly (2010) “Limiting the Fall-Out from Fiscal Adjustments.” Goldman Sachs Global Economics, Global Economics Paper 195. Calcagno, AF (2012) “Can Austerity Work?” Review of Keynesian Economics, 0(1): 24–36.)
  8. CESR. (2012) “Fiscal Fallacies: 8 Myths about the ‘Age of Austerity’ and Human Rights Responses.” Rights in Crisis Series Briefing Paper, July 2012. New York: Center for Social and Economic Rights. Chirinko, R. (1993) “Business Fixed Investment Spending: A Critical Survey of Modeling Strategies, Empirical Results and Policy Implications” Journal of Economic Literature, 31,1875-1911.
  9. Christiano L, Eichenbaum M and Rebelo S (2009) “When is the Government Spending Multiplier Large?” NBER Working Paper No. 15394, NBER, Cambridge, MA. Giavazzi,F.,T.Jappelli ve M.Pagano (2000) “Searching For Non-Linear Effects of Fiscal Policy: Evidence From Industrial and Developing Countries” NBER Working Papers no.7460. Giavazzi, F. ve Pagano, M. (1990). “Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries,” in Blanchard, O. and Fischer, S. (eds.), NBER Macroeconomics Annual 1990,
  10. MIT Press.
  11. Giavazzi, F. ve Pagano, M. (1996) “Non-keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience,” Swedish Economic Policy Review, 3 (1), 67-103. Hannsgen,G. ve D.Papadimitriou (2012) “Fiscal Traps and Macro Policy After The Eurozone Crisis”, Levy Economics Ins