Week |
Subject |
Related Preparation |
1) |
Giriş ve terminology |
|
2) |
Terminology, definion of fiscal variables and basic notions of fiscal policy |
Article: Feldstein, F. (2009)Rethinking the Role of Fiscal Policy, NBER
WP14684 |
3) |
Intertemporal Government Budget Constraint,
Current versus Future Taxation
|
Debt Stabilization Article: Romer, D.(2011) What Have We Learned about Fiscal Policy from the Crisis?, IMF Conference Paper |
4) |
Reminder of effects of fiscal policy over key macroeconomic variables, Ricardian Equivalence, Deficit, output stabilisation and the cyclically adjusted deficit,
Ricardian Fiscal Policy and Fiscal Dominance.
|
Article: Taylor, J.(2009), The Lack of an Empirical Rationale for a Revival of Discretionary Fiscal Policy, American Economic Review, Papers and Proceedings |
5) |
The dangers of very high debt, U.S. and Turkey budget: Current numbers and future prospects, Medium-Run budget projections, long-run challenges |
|
6) |
Government spending and its financing in U.S. and Turkey, The government budget in U.S. and Turkey, Government spending, taxes and the macroeconomy (review) |
Leeper, E. (2011) What should Obama do?, Inside Story |
7) |
Government Capital Formation, Incentive Effects of Fiscal Policy, Tax-induced distortions and tax rate smoothing. |
|
8) |
Numerical exercises |
|
9) |
Government deficit and debt, the burden of the government debt on future generations, budget deficit and national saving: Ricardian equivalence revisited.
|
Leeper, E. (2011) American Incoherence, The Age |
10) |
Deficits and inflation, Real seignorage collection and inflation |
Bernanke, B. (2017), The FED and The Fiscal Policy, Brookings blog-post |
11) |
Incentive Effects of Fiscal Policy: Labor Market |
|
12) |
Fiscal policy and climate change |
|
13) |
Green bond market |
|
14) |
Data-based analysis of fiscal policy: Turkish case |
|
|
Program Outcomes |
Level of Contribution |
1) |
As a world citizen, she is aware of global economic, political, social and ecological developments and trends. |
5 |
2) |
He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. |
5 |
3) |
Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. |
5 |
4) |
Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. |
4 |
5) |
Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. |
5 |
6) |
Comprehends new ways of doing business using digital technologies. and new market structures. |
2 |
7) |
Takes critical approach to economic and social problems and develops analytical solutions. |
1 |
8) |
Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. |
3 |
9) |
In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. |
3 |
10) |
Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. |
1 |
11) |
Generates original and innovative ideas in the works she/he contributes as part of a team. |
3 |