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Enflasyon Hedeflemesi Geliþmekte olan Ülkelerde Çalýþýr mý?

  • Orhan Karaca

    (Ekonomist Dergisi)

Enflasyon hedeflemesi popülaritesi giderek artan bir para politikasý rejimidir. Enflasyon hedeflemesinin popülaritesinin giderek artmasýnýn nedeni, makroekonomik performansý olumlu etkilediðine inanýlmasýdýr. Bu çalýþmada bu görüþün geçerliliði geliþmekte olan ülkeler baðlamýnda araþtýrýlmýþtýr. Ulaþýlan sonuçlar þöyle özetlenebilir: i) Enflasyon hedeflemesinin enflasyon performansý üzerinde olumlu fakat zayýf bir etkisi vardýr. ii)Enflasyon hedeflemesinin enflasyonun deðiþkenliðini azaltma konusunda bir etkisi yoktur. iii) Enflasyon hedeflemesinin büyüme performansý üzerinde bir etkisi görülmemektedir. iv) Enflasyon hedeflemesinin büyüme oranýnýn deðiþkenliðini azaltma konusunda olumlu fakat zayýf bir etkisi bulunmaktadýr. Bu bulgulara göre enflasyon hedeflemesinin geliþmekte olan ülkelerde makroekonomik performansa bir ölçüde olumlu etkisi bulunmakla birlikte bu etki oldukça zayýf düzeydedir.

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Paper provided by Turkish Economic Association in its series Working Papers with number 2006/12.

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Length: 17 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:tek:wpaper:2006/12
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