Ayşe Kaya
Ayşe Kaya received her Ph.D. in Public Finance from Ankara University/Turkey, and postdoc from University of Cambridge/United Kingdom. Her research interests and published articles are in the areas of macro public finance, fiscal policy, and tax policy.
Address: İzmir Katip Celebi University, Izmir, Turkey
Address: İzmir Katip Celebi University, Izmir, Turkey
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Papers by Ayşe Kaya
Free Access: https://www.sciencedirect.com/science/article/pii/S0161893820301034?dgcid=author
Free Download: https://rdcu.be/b5bsi
https://www.tandfonline.com/eprint/VBRKH5ZVAYMYRCAT4DBR/full?target=10.1080/14683849.2019.1696677
trade-off between growth and equity while giving priority to proper coordination
of fiscal policy with monetary policy.
https://www.tandfonline.com/eprint/FZTAYFNZGZYX7IFUCUMW/full?target=10.1080/09638199.2019.1663441
positive relationship between inflation rates and nominal interest rates supporting the validity of the Fisher hypothesis for all the sample countries. Second, sample countries’ data supports the existence of a cointegration relationship between interest rates and exchange rates for the case of Brazil, India, and Turkey but not for the case of Indonesia and South Africa. Lastly, without exception, exchange rates and inflation in all countries examined tend to co-move in the long run, implying that increases in exchange rates affect inflation through raising the prices of foreign goods imported into the sample countries. The results above are widely compatible with theoretical expectations and with the results of the most previous empirical studies on the
long-run interrelationships between interest rates, inflation, and exchange rates in the literature.
using bootstrap panel Granger causality analysis and an annual panel dataset of
six post-communist countries (Russia, Poland, Ukraine, Romania, the Czech Republic,
and Hungary) during the period from 1994 to 2015. The results corroborate neither
the validity of the twin deficits hypothesis nor its extended version, the triple deficits
hypothesis, for any of the sample countries. In other words, we find no Granger causal
relationship between budget deficits and external (trade or current account) deficits or
among budget deficits, private savings-investment deficits, and external deficits in the
countries examined. On the basis of these results, we reject the Keynesian view of
the twin or triple deficits hypotheses. Rather, we confirm the Ricardian view.
Abstract: This study aims to analyze empirically the nexus among government size, external shocks, and economic growth in the context of selected 7 OECD countries (Belgium, Finland, Denmark, Norway, France, Canada, and Japan) by using annual data set for the period 1980--2015. The results of the study obtained by employing Bootstrap panel Granger causality analysis reveal that there exists a one-way causality running from government size and external shocks to economic growth for Finland, Denmark, and Japan, but not for other countries.
Free Access: https://www.sciencedirect.com/science/article/pii/S0161893820301034?dgcid=author
Free Download: https://rdcu.be/b5bsi
https://www.tandfonline.com/eprint/VBRKH5ZVAYMYRCAT4DBR/full?target=10.1080/14683849.2019.1696677
trade-off between growth and equity while giving priority to proper coordination
of fiscal policy with monetary policy.
https://www.tandfonline.com/eprint/FZTAYFNZGZYX7IFUCUMW/full?target=10.1080/09638199.2019.1663441
positive relationship between inflation rates and nominal interest rates supporting the validity of the Fisher hypothesis for all the sample countries. Second, sample countries’ data supports the existence of a cointegration relationship between interest rates and exchange rates for the case of Brazil, India, and Turkey but not for the case of Indonesia and South Africa. Lastly, without exception, exchange rates and inflation in all countries examined tend to co-move in the long run, implying that increases in exchange rates affect inflation through raising the prices of foreign goods imported into the sample countries. The results above are widely compatible with theoretical expectations and with the results of the most previous empirical studies on the
long-run interrelationships between interest rates, inflation, and exchange rates in the literature.
using bootstrap panel Granger causality analysis and an annual panel dataset of
six post-communist countries (Russia, Poland, Ukraine, Romania, the Czech Republic,
and Hungary) during the period from 1994 to 2015. The results corroborate neither
the validity of the twin deficits hypothesis nor its extended version, the triple deficits
hypothesis, for any of the sample countries. In other words, we find no Granger causal
relationship between budget deficits and external (trade or current account) deficits or
among budget deficits, private savings-investment deficits, and external deficits in the
countries examined. On the basis of these results, we reject the Keynesian view of
the twin or triple deficits hypotheses. Rather, we confirm the Ricardian view.
Abstract: This study aims to analyze empirically the nexus among government size, external shocks, and economic growth in the context of selected 7 OECD countries (Belgium, Finland, Denmark, Norway, France, Canada, and Japan) by using annual data set for the period 1980--2015. The results of the study obtained by employing Bootstrap panel Granger causality analysis reveal that there exists a one-way causality running from government size and external shocks to economic growth for Finland, Denmark, and Japan, but not for other countries.