Turkey s Government Policies versus Stock Markets Evaluation via Game Theory


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Yılmaz N. T., Can T.

26th European Conference on Operational Research Euro Informs (MMXIII), Rome, İtalya, 1 - 04 Temmuz 2013, ss.420

  • Yayın Türü: Bildiri / Özet Bildiri
  • Basıldığı Şehir: Rome
  • Basıldığı Ülke: İtalya
  • Sayfa Sayıları: ss.420
  • Marmara Üniversitesi Adresli: Evet

Özet

In this study, the effects of economic policies  on ISE (İstanbul Stock Exchange) 100 index in Turkey's economy have been studied with the various indicators. In this context firstly, economic policy moves and tools of the state are discussed. Therefore, the money supply, government expenditures, government debt securities yield ratio and tax rates are considered as the strategies which are indicators of fiscal and monetary policies of the state. In this case, there are some effects of these strategies on ISE 100 index. The optimum economic real growth targeted in the game between these two actors in this study. The datas of 2009 February - 2012 November period are evaluated via game theory and gain matrix is formed. It has been discerned that, the optimal real growth target is occured by the decrease on the government debt securities yield ratio and relative price decrease on the stock exchange market. Despite the expectations of finding mixed strategy for that period in Turkey, it seems that the ideal strategy is the use of a pure strategy for the optimum result. It’s expected that, decrease on the government debt securities yield ratio and shift of the savings from the stock exchange market cause more consumption rather than saving. This situation makes positive contribution to growth via increasing the domestic demand in question.