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dc.contributor.authorArestis, Philipen
dc.contributor.authorŞen, Hüseyinen
dc.contributor.authorKaya, Ayşeen
dc.date.accessioned2019-11-22T00:30:47Z
dc.date.available2019-11-22T00:30:47Z
dc.date.issued2019-11-08en
dc.identifier.issn1452-595X
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/299135
dc.description.abstractAbstract: Relying on the Autoregressive Distributed Lag cointegration technique, this paper assesses the comparative effectiveness of the fiscal and monetary policy on output growth in Turkey over the period 2003:q1-2019:q1. The empirical findings show that both policies are effective in promoting output growth but with varying degrees, suggesting that the impact of monetary policy on output growth is more significant than that of fiscal policy. Overall, based on the findings, we can suggest that the Turkish authorities should set sight on monetary policy to achieve higher output growth while seeking ways to improve the growth-enhancing role of fiscal policy. To that end, among many others, budgetary flexibility can be increased through creating fiscal space, and growth-friendly tax and spending reforms can be undertaken without undermining growth-equity trade-off while giving priority to proper coordination of fiscal policy with monetary policy
dc.languageEnglishen
dc.publisherEconomists' Association of Vojvodina
dc.rightsAll rights reserved
dc.rights.uri
dc.titleFiscal and Monetary Policy Effectiveness in Turkey: A Comparative Analysisen
dc.typeArticle
prism.publicationDate2019en
prism.publicationNamePanoeconomicusen
dc.identifier.doi10.17863/CAM.46199
dcterms.dateAccepted2019-11-07en
rioxxterms.versionAM
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserveden
rioxxterms.licenseref.startdate2019-11-08en
dc.contributor.orcidArestis, Philip [0000-0001-8729-4846]
rioxxterms.typeJournal Article/Reviewen
cam.issuedOnline2019-11-18en
rioxxterms.freetoread.startdate2020-11-18


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