TÜRKİYE’DE ENFLASYON HEDEFLEMESİNİN KAMU CARİ (TÜKETİM) HARCAMALARINA VE ÇIKTI AÇIĞINA ETKİSİ
THE EFFECT OF INFLATION TARGETING REGIME ON GOVERNMENT CURRENT (CONSUMPTION) EXPENDITURES AND OUTPUT GAP IN TURKEY

Summary/Abstract: Inflation targeting regime is a modern monetary policy strategy, which is applied to maintain and sustain price stability. Inflation targeting regime doesn’t only decrease the inflation rate. It affects so many variables such as interest rates, investments, public expenditures, production and national income and is also affected from these variables. In this study, it is tried to investigate the inflation targeting effects on government current expenditures and output gap with using of Autoregressive Integrated Moving Average (ARIMA) model. The data set covers the period from January, 1998 to September, 2013. The analysis results of the study show that inflation targeting has positive and significant effect on government current expenditures and output gap.

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