General Budget Balance and Inflation in Türkiye: The ARDL Bounds Test Approach

Semra Altıngöz Zarplı
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Semra Altıngöz Zarplı: Bilecik Seyh Edebali University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2023, vol. 38, issue 120, 263-276

Abstract: This study analyzes the long-run and short-run relationship between general budget balance and inflation in Türkiye with monthly data covering the period 2011:11-2023:05. In the study, the long-run and short-run relationship between the general budget balance and inflation is analyzed by ARDL analysis by including the dollar exchange rate and M3 money supply variables. According to the findings of the study, there is a statistically positive effect between budget deficit and inflation in the long run in Türkiye. In the short run, there is a negative effect between budget deficit and inflation.

Keywords: Budget balance; Inflation; ARDL (search for similar items in EconPapers)
JEL-codes: A2 E31 H61 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:38:y:2023:i:120:p:263-276

DOI: 10.33203/mfy.1341727

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