You are here

Home » Content

YENİ NEOKLASİK SENTEZ, PARA POLİTİKASI VE TÜRKİYE

Journal Name:

  • İstanbul Üniversitesi İktisat Fakültesi Mecmuası

Publication Year:

  • 2008

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
The New Neoclassical Synthesis is a new approach which combines the Classical and Keynesian elements into a single theoretical framework. The main assumptions of this synthesis are monopolistic competition, costly price adjusment and sticky prices. Hence, The New Neoclassical Synthesis claims that monetary policy has important effects on the real economic activities. According to New Neoclassical Synthesis, inflation targeting policy not only achieves price stability, but also reduces the volatility of output and employment level. In this study, the fundamental features of The New Neoclassical Synthesis are examined and The Turkish inflation Targeting Policy is evaluated.
Bookmark/Search this post with
Abstract (Original Language): 
Yeni Neoklasik Sentez Klasik ve Keynesyen unsurları tek bir teorik çerçeve içerisinde birleştiren yeni bir yaklaşımdır. Bu sentezin başlıca varsayımları; monopolcü rekabet, maliyetli fiyat ayarlaması ve yapışkan fiyatlardır. Dolayısıyla Yeni Neoklasik Sentez para politikasının reel ekonomik faaliyetler üzerinde önemli etkileri olduğunu iddia etmektedir. Yeni Neoklasik Sentez'e göre enflasyon hedeflemesi politikası hem fiyat İstikrarını gerçekleştirmekte, hem de üretim ve istihdam düzeyindeki dalgalanmaları azaltmaktadır. Bu çalışmada Yehİ Neoklasik Sentez'in temel özellikleri incelenmekte ve Türkiye'de uygulanan enflasyon hedeflemesi politikası değerlendirilmektedir.
FULL TEXT (PDF): 
PDF icon arastirmax-yeni-neoklasik-sentez-para-politikasi-turkiye.pdf
  • 2
87-115
  • Turkish

REFERENCES

References: 

Bemanke, B. S., v.d. (1999): Inflation Targeting Lessons From The International Experience, UK, Princeton University Press.
Blanchard, O. (2000): "What Do We Know About Macroeconomics That Fisher And Wicksell Did Not?", The Quarterly Journal Of Economics, Volume: 115, No: 4, USA, The MIT Press, pp. 1375-1409.
Clarİda, R., J. Gali ve M. Geriler (1999): "The Science Of Monetary Policy: A New Keynesian Perspective", Journal Of Economic Literature, Volume: 37, No: 4, USA, American Economic Association, pp. 1661-1707.
ERSEL, H. ve F. ÖZATAY (2007): "Fiscal Dominance And Inflation Targeting: Lessons From Turkey", (Çevrimiçi)http://fatih.ozatay.etu.edu,tr/erseI_ozatay.pdf, 04/07/2008.
Giese, G. ve H. Wagner (2007): "Graphical Analysis Of The New Neoclassical Synthesis", (Çevri miçi)http://www.fernuni-hagen.de/FBWIWI/forschung/beitraege/pdf/db411 .pdf, 01/12/2007.
Goodfriend, M. (2002): "Monetary Policy Jn The New Neoclassical Synthesis: A Primer", International Finance, Volume: 5, No: 2, UK, Blackwcll Publishing, pp. 165-191.
Goodfriend, M. ve R. G. King (1997): "The New Neoclassical Synthesis And The Role Of Monetary Policy", NBER Macroeconomics Annual, USA, The MIT Press, (Çevrimİçi) http://www.richmondfed.org/pubiications/economicj-esearch/working_papers..., 01/12/2007.
Kara, A. H. (2006): "Turkish Experience With Implicit Inflation Targeting", TCMB Research And Monetary Policy Department Working Paper, Working Paper No: 06/03, (Çevrimiçi) http://www.tcmb.gov.tr, 05/07/2008.
King, R. G. (1993): "Will The New Keynesian Macroeconomics Resurrect The IS-LM Model?", The Journal Of Economic Perspectives, Volume: 7, No: I, USA, American Economic Association, pp.67-82.
(2000): "The New IS-LM Model: Language, Logic And Limits", Federal Reserve
Bank Of Richmond Quarterly, Volume: 86/3, USA, (Çevrimiçi) hltp.V/www.richmondfed.org/publications/cconomic_rescarch/economic_quarterly/pd... mmer2000/king.pdf, 01/12/2007.
Mccaflum, B. T. ve Nelson E. (1999): "An Optimizing IS-LM Spesificatİon For Monetary Policy And Business Cycle Analysis", Journal Of Money Credit And Banking, Volume: 31, No: 3, USA, The Ohio State University Press, pp. 296-316.
Özatay, F. (2005): "High Public Debt, Multiple Equilibria And Inflation Targeting In Turkey", BIS Papers, Paper No: 23, Bank For International Settlements, BASEL, (Çevrimiçi)http://www.bis.org/publ/bppdf/bispap23x.pdf, 01/07/2008.
Paya, M. (2007): Makro İktisat, Üçüncü Baskı, İstanbul, Filiz Kitabevi.
Şahinbeyoğlu, G. (2008): "From Exchange-Rate Stabilisation To Inflation Targeting: Turkey's Quest For Price Stability", Monetary Policies And Inflation Targeting In Emerging Economies, Editor: L. Dc MELLO, France, OECD, pp. 143-172.
Taylor J. B. (1998): "Applying Academic Research On Monetary Policy Rules: An Exercise In Translational Economics", The Manchester School, Volume: 66, Supplement, UK, Blackwell Publishing, pp. I -16.
(2000): "Teaching Modern Macroeconomics At The Principles Level", The
American Economic Review, Papers And Proceedings Of The One Hundred Twelfth Annual Meeting Of American Economic Association, Volume: 90, No: 2, USA, American Economic Association, pp. 90-94.
TCMB (2005): "General Framework Of Inflation Targeting Regime And Monetary And Exchange Rate Policy For 2006",
(Çcvrimiçi) http://www.tcmb.gov.tr/yeni/announce/2005/ANO2005-45.pdf, 04/07/2008. ______ (2008): Enflasyon Raporu 2008-II, (Çevrimiçi) http://www.tcmb.gov.tr, 03/07/2008.
_____ (2008): (Çevrimiçi) tcmb.gov.tr.
Williamson, S. D. (2005): Macroeconomics, USA, Pearson Addison Wesley Education Incorporation.
Woodford, M. (1999): "Revolution And Evolution In The Twentieth Century Macroeconomics", Frontiers Of The Mind In The Twenty-First Century Conference, USA, (Çevrimiçi) ttp://www.columbia.edu/~mw2230/macro20C.pdf, 01/01/2008.
_____^____________ (2003): Interest And Prices Foundations Of A Theory Of Monetary
Policy, UK, Princeton University Press.

Thank you for copying data from http://www.arastirmax.com