Türkiye Ekonomisi İçin Stok Akım Tutarlılığı Modellemesi

Abstract

Stock flow consistent model provides a monetary and financial framework to macroeconomics. This study contains four models established for the Turkish economy within the context of stock flow consistency. The main objective of the stock flow consistent model is to reveal the flow of funds between different sectors of the economy. Stock flow consistent model is a macro dynamic model based on national income and production accounts and flow of funds accounts. Stock flow consistency is a model that clearly shows the sources of financing for investments, how the budget and current account deficits are financed. The aim of this study is to establish a macroeconomic model within the framework of the stock flow consistent model and analyze the simulation results of this model in order to analyze the effects of the sudden changes in interest rates and exchange rates on the basis of years of government debt stock and private sector debt stock in the Turkish economy. The simulation results show that the stock flow consistent model established for the Turkish economy gives compatible results to the developments experienced in the Turkish economy. Simulation results show that; one of the basic dynamics of growth in the Turkish economy is low-cost borrowing.