Küresel piyasalarda 2006 yılının ikinci yarısından itibaren yeni bir döneme girildiği gözlenmektedir. Bu yeni dönem önceki dönemlere göre belirli açılardan farklılık arz etmektedir. Yeni dönem 1990’ların finansal krizler döneminden farklıdır; çünkü bu dönemde...

The aim of this study is to display the place of interest rate smoothing rule in literatüre by means of theory and metodoloji. While the primary aim of Central Banks is to maintain price stability, their secondary aim is to maintain and sustain financial stability. Interest rate smoothing is...

This paper observes if budget deficit has significant impact on interest rates, exchange rates, and, price level through (a) theoretical discussions, and, (b) relevant statistical estimations by regression models and Granger causality models. The paper (i) reaches the regression output depicting...

The New Classical theorem asserts that (a) the individuals with rational expectations do not change their consumption levels unless the expected permanent income changes, and, (b), thusly, tax and/or debt policies are not significant on consumption decisions of the individuals, at least in the...

The New Classical theorem asserts that (a) the individuals with rational expectations do not change their consumption levels unless the expected permanent income changes, and, (b), thusly, tax and/or debt policies are not significant on consumption decisions of the individuals, at least in the...

In this study, we examine if there is a linkage between the budget deficit (BD) and current account deficit (CAP). Traditional theory asserts that the BD leads to CAD, given that government expenditures are fixed. As disposable income increases due to BD (i.e., due to tax-cuts given that there...