出版社：Ege University, Faculty of Economics and Administrative Sciences
摘要：It is basically accepted by now that there is apositive relationship between the nominalgovernment deficits and inflation. Governmentdeficits may be financed by monetary growthdue to several reasons but whatever the reason,the result is an increase in inflation. This in turnmay affect the growth of real GNP negatively,due to its adverse effects on the allocation ofresources, on the labor market and on thedecisions of firms. This paper combines thesetwo links, i.e. nominal government deficits andinflation, and inflation and real GNP growth. Itfurther shows the effect of nominal governmentdeficits on the economic growth for Turkey. Ourresults from cointegration and causality testsshow that for Turkey for the period of 1950-2001, nominal government deficits led to increases inthe monetary base only in the short run, causinginflation both in the short and the long run. The effectof inflation on real GNP growth is weak and in thereverse direction.
关键词：cari hükümet açığı ; enflasyon ; nominal government deficit ; inflation
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