ad and as equilibrium
DESCRIPTION
AD and AS equilibrium . Equilibrium in both markets . AD. AS. P. Y. Y Potential. Real GDP Turkey. Real GDP in Turkey. Growth rate of Real GDP in Turkey. Annual growth rate of real GDP. World economic crisis and our exports and imports. Fiscal Policy. D iscretionary fiscal policy - PowerPoint PPT PresentationTRANSCRIPT
AD and AS equilibrium
• Equilibrium in both markets
P
Y
ADAS
Y Potential
Real GDP Turkey
1998Q1
1998Q3
1999Q1
1999Q3
2000Q1
2000Q3
2001Q1
2001Q3
2002Q1
2002Q3
2003Q1
2003Q3
2004Q1
2004Q3
2005Q1
2005Q3
2006Q1
2006Q3
2007Q1
2007Q3
2008Q1
2008Q3
2009Q1
2009Q3
2010Q1
2010Q3
2011Q1
2011Q3
2012Q1
2012Q30.00
5000000.00
10000000.00
15000000.00
20000000.00
25000000.00
30000000.00
35000000.00
Real GDP (100=1998)
Real GDP (100=1998)
Real GDP in Turkey
1998Q1
1998Q3
1999Q1
1999Q3
2000Q1
2000Q3
2001Q1
2001Q3
2002Q1
2002Q3
2003Q1
2003Q3
2004Q1
2004Q3
2005Q1
2005Q3
2006Q1
2006Q3
2007Q1
2007Q3
2008Q1
2008Q3
2009Q1
2009Q3
2010Q1
2010Q3
2011Q1
2011Q3
2012Q1
2012Q30.00
5000000.00
10000000.00
15000000.00
20000000.00
25000000.00
30000000.00
35000000.00
0
5000000
10000000
15000000
20000000
25000000
30000000
35000000
40000000
Series1 Real GDP (100=1998)
Growth rate of Real GDP in Turkey
1998Q2
1998Q4
1999Q2
1999Q4
2000Q2
2000Q4
2001Q2
2001Q4
2002Q2
2002Q4
2003Q2
2003Q4
2004Q2
2004Q4
2005Q2
2005Q4
2006Q2
2006Q4
2007Q2
2007Q4
2008Q2
2008Q4
2009Q2
2009Q4
2010Q2
2010Q4
2011Q2
2011Q4
2012Q2
2012Q4
-6
-4
-2
0
2
4
6
8
10
Series1
Annual growth rate of real GDP19
99
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
-8
-6
-4
-2
0
2
4
6
8
10
12
growth rate of real GDP
World economic crisis and our exports and imports
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
0
50,000
100,000
150,000
200,000
250,000
300,000
İHRACAT (FOB)İTHALAT (CIF)
Fiscal Policy
1. Discretionary fiscal policy
2. Automatic stabilizers
Government Budget
• Maintaining a healty and sustainable government budget
• Primary Budget
• Consolidated Budget
Gov’t Budget= Taxes- Gov’t Expenditure- Transfer Payments
Gov’t Budget= Taxes- Gov’t Expenditure- Transfer Payments –interest Payments
Debt to GDP
ARGENTIN
A
AUSTRIA
BRAZILCHILE
COLOMBIA
DENMARK
EURO AREA
FRANCE
GREECE
INDIAIRAN
IRELAND
ITALY
MALAYSI
A
NETHER
LANDS
NORWAY
PHILIPPINES
PORTUGAL
SAUDI A
RABIA
SOUTH
AFRICA
SPAIN
SWITZ
ERLA
ND
THAILA
ND
UNITED ARAB EM
IRATES
UNITED ST
ATES0
50
100
150
200
250
Debt to GDP
LAST
Country Risk Premium
Argentina
Brazil
Cypru
s
German
yGree
ce
Irelan
dIta
lyJap
an
Mexico
Spain
Turke
y
United St
ates o
f Ameri
ca0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
Country Risk Premium
Country Risk Premium
US Money growth rate