<\/p>
keremalkin@superonline.com<\/span><\/strong><\/p> \u00a0<\/span><\/p> OECD b\u00fcnyesinde, uluslararas\u0131 \u00e7al\u0131\u015fma d\u00fcnyas\u0131 ve k\u00fcresel istihdam ad\u0131na \u00f6nemli \u00e7al\u0131\u015fmalar y\u00fcr\u00fctmekte olan Sendika Dan\u0131\u015fma Komitesi\u2019nin (The Trade Union Advisory Committee-TUAC) 15 Mart\u2019ta ger\u00e7ekle\u015ftirdi\u011fi \u00e7al\u0131\u015fma grubu toplant\u0131s\u0131n\u0131n onur konu\u011fu Nobel ekonomi \u00f6d\u00fcl\u00fc sahibi, d\u00fcnyaca tan\u0131nm\u0131\u015f bir iktisat\u00e7\u0131 olan Joseph Stiglitz\u2019di. D\u00fcnyan\u0131n \u00f6nde gelen ekonomilerinde son 2 y\u0131la damgas\u0131n\u0131 vuran ve son 40-45 y\u0131l\u0131n en y\u00fcksek seviyelerine y\u00fckselen enflasyonun sebep oldu\u011fu \u015foku, bu \u015fokun istihdam piyasas\u0131 ve reel \u00fccretler \u00fczerindeki etkisini masaya yat\u0131ran kapsaml\u0131 bir sunum yapan Prof. Stiglitz, ABD Merkez Bankas\u0131 Fed\u2019e y\u00f6nelik hayli sert ele\u015ftirilerde de bulundu.<\/span><\/p> \u00a0<\/span><\/p> Sunum, son d\u00f6nemin en pop\u00fcler sorunu olan Silikon Vadisi Bankas\u0131\u2019n\u0131n (SVB) bat\u0131\u015f\u0131 ile ba\u015flad\u0131. Stiglitz, Fed\u2019i ve ABD\u2019deki bankac\u0131l\u0131k denetim sistemini kritik zafiyetleri ve hatalar\u0131 nedeniyle ele\u015ftirerek s\u00f6zlerine ba\u015flad\u0131. Hatalar\u0131, 2008 k\u00fcresel finans krizinden bu yana, halen ve halen b\u00fcy\u00fck bankalar\u0131n reg\u00fcle edilmesini reddetme hatas\u0131, ABD bankac\u0131l\u0131k sistemine y\u00f6nelik stres testlerindeki eksiklik ve yetersizlikler, stres testlerinin gerekti\u011fi \u00f6l\u00e7\u00fcde ciddiye al\u0131nmamas\u0131 ve ABD\u2019de kamu otoritesinin bankalar\u0131n ne kadar k\u0131r\u0131lgan oldu\u011funu ara\u015ft\u0131rmamas\u0131 olarak s\u0131ralad\u0131. Joseph Stiglitz, Fed ve Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) son 2 y\u0131ld\u0131r s\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131na yo\u011funla\u015fmas\u0131n\u0131 da k\u00fcresel enflasyon sarmalar\u0131n\u0131n t\u00fcm\u00fcyle yanl\u0131\u015f okunmas\u0131, analiz edilmesi noktas\u0131nda, bir ba\u015fka kritik hata oldu\u011funun da alt\u0131n\u0131 \u00e7izdi.<\/span><\/p> \u00a0<\/span><\/p> SIKILA\u015eTIRICI PARA POL\u0130T\u0130KASI<\/span><\/strong><\/p> \u00a0<\/span><\/p> Fed ve ECB\u2019nin s\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131 \u00e7er\u00e7evesinde, k\u00fcresel pandemi ve Rusya-Ukrayna sava\u015f\u0131 nedeniyle son 3 y\u0131ld\u0131r ya\u015fanan k\u00fcresel tedarik zincirindeki b\u00fcy\u00fck k\u0131r\u0131lmay\u0131, yo\u011fun belirsizli\u011fi, tedarik edilemeyen hammadde, ara mamul, \u00e7ip sorununun birini bile \u00e7\u00f6zemedi\u011fini hat\u0131rlatt\u0131. K\u00fcresel enflasyon s\u0131\u00e7ramas\u0131n\u0131n ne arz eksikli\u011fi, ne talep s\u0131\u00e7ramas\u0131, temel nedeninin k\u00fcresel tedarik zincirindeki b\u00fcy\u00fck k\u0131r\u0131lma ve karga\u015fadan, \u00fcretim-t\u00fcketim d\u00f6ng\u00fcs\u00fcndeki zaman uyumsuzlu\u011fundan kaynakland\u0131\u011f\u0131n\u0131n alt\u0131n\u0131 \u00e7izen Stiglitz, firmalar\u0131n, y\u00fcksek belirsizlik nedeniyle gelece\u011fe odaklanmak yerine, m\u00fc\u015fteri sadakati yerine, cirosunu ve k\u00e2r\u0131n\u0131 korumaya y\u00f6nelik bir fiyat belirleme sarmal\u0131na girdiklerini de vurgulad\u0131. Merkez bankalar\u0131n\u0131n ise enflasyondaki s\u0131\u00e7raman\u0131n nedeninin talep geni\u015flemesi olmad\u0131\u011f\u0131n\u0131 \u0131srarla okumayarak, faiz art\u0131\u015flar\u0131yla, sabit sermaye, yeni fabrika ve makina yat\u0131r\u0131mlar\u0131nda da gerilemeye sebep olduklar\u0131n\u0131 belirtti.<\/span><\/p> \u00a0<\/span><\/p> DO\u011eRU \u00c7\u00d6Z\u00dcM NE?<\/span><\/strong><\/p> \u00a0<\/span><\/p> ABD Kongresi B\u00fct\u00e7e Ofisi\u2019nin (CBO) \u00e7\u0131kt\u0131 potansiyeli analizlerinin, ABD\u2019de toplam talebin olmas\u0131 gereken d\u00fczeyin alt\u0131nda seyretti\u011fine i\u015faret eden Prof. Stiglitz, bu ortamda s\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131 tercihinin tedarik sisteminde hi\u00e7bir sorunu halletmedi\u011fi gibi son banka iflaslar\u0131n\u0131n da do\u011frulad\u0131\u011f\u0131 gibi tersine bankac\u0131l\u0131k sistemine zarar verdi\u011finin bir kez daha alt\u0131n\u0131 \u00e7izdi. S\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131n\u0131n reel \u00fccretlerdeki erimeyi de engelleyemeyerek, farkl\u0131 gelir gruplar\u0131 aras\u0131ndaki dengesizli\u011fi derinle\u015ftirdi\u011fini vurgulad\u0131.\u00a0<\/span><\/p> \u00a0<\/span><\/p> ECB\u2019nin Fed\u2019i izlemeyi s\u00fcrd\u00fcrmesi halinde, Avrupa\u2019y\u0131 daha derin bir resesyon riski bekledi\u011fi uyar\u0131s\u0131nda bulunan Stiglitz, merkez bankalar\u0131n\u0131n tavr\u0131n\u0131n k\u00fcresel bor\u00e7 sorununu daha da derinle\u015ftirdi\u011fini \u00a0hat\u0131rlatt\u0131. Do\u011fru \u00e7\u00f6z\u00fcm\u00fcn istihdam piyasas\u0131n\u0131 canl\u0131 tutacak, KOB\u0130\u2019leri destekleyecek, piyasalarda rekabeti azaltanlara kar\u015f\u0131 anti-tr\u00f6st d\u00fczenlemelerinin daha da sertle\u015ftirilmesi, devletin g\u0131da \u00fcretimi ve ucuz enerji desteklerinin bu s\u00fcre\u00e7te daha kal\u0131c\u0131 sonu\u00e7lar verebilece\u011fini belirtti. Stiglitz gibi g\u00fc\u00e7l\u00fc bir ismin ortaya koydu\u011fu ele\u015ftirilerin neoliberal ortodoks kanad\u0131n \u0131srarlar\u0131na y\u00f6nelik etkili \u2018salvo\u2019lar oldu\u011funu not alal\u0131m.<\/span><\/p>","slug":"stiglitzden-merkez-bankalarina-kritik-salvolar","tags":null,"meta_title":null,"meta_description":null,"meta_keywords":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":1312,"cropped_1200x675":null,"user":{"id":11,"name":"KEREM","surname":"ALK\u0130N","email":"irem05@daglaroglu.com","slug":"prof-dr-kerem-alkin","avatar":"\/front\/uploads\/avatar\/17336916000GNrERW0ucj2Ja7.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-09-15T09:39:41.000000Z","updated_at":"2024-12-18T09:50:43.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":38092,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":37966,"locale":"tr","category_id":73,"title":"Stiglitz\u2019den merkez bankalar\u0131na kritik \u2018salvo\u2019lar","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":"PROF. DR. KEREM ALK\u0130N","content":" keremalkin@superonline.com<\/span><\/strong><\/p> \u00a0<\/span><\/p> OECD b\u00fcnyesinde, uluslararas\u0131 \u00e7al\u0131\u015fma d\u00fcnyas\u0131 ve k\u00fcresel istihdam ad\u0131na \u00f6nemli \u00e7al\u0131\u015fmalar y\u00fcr\u00fctmekte olan Sendika Dan\u0131\u015fma Komitesi\u2019nin (The Trade Union Advisory Committee-TUAC) 15 Mart\u2019ta ger\u00e7ekle\u015ftirdi\u011fi \u00e7al\u0131\u015fma grubu toplant\u0131s\u0131n\u0131n onur konu\u011fu Nobel ekonomi \u00f6d\u00fcl\u00fc sahibi, d\u00fcnyaca tan\u0131nm\u0131\u015f bir iktisat\u00e7\u0131 olan Joseph Stiglitz\u2019di. D\u00fcnyan\u0131n \u00f6nde gelen ekonomilerinde son 2 y\u0131la damgas\u0131n\u0131 vuran ve son 40-45 y\u0131l\u0131n en y\u00fcksek seviyelerine y\u00fckselen enflasyonun sebep oldu\u011fu \u015foku, bu \u015fokun istihdam piyasas\u0131 ve reel \u00fccretler \u00fczerindeki etkisini masaya yat\u0131ran kapsaml\u0131 bir sunum yapan Prof. Stiglitz, ABD Merkez Bankas\u0131 Fed\u2019e y\u00f6nelik hayli sert ele\u015ftirilerde de bulundu.<\/span><\/p> \u00a0<\/span><\/p> Sunum, son d\u00f6nemin en pop\u00fcler sorunu olan Silikon Vadisi Bankas\u0131\u2019n\u0131n (SVB) bat\u0131\u015f\u0131 ile ba\u015flad\u0131. Stiglitz, Fed\u2019i ve ABD\u2019deki bankac\u0131l\u0131k denetim sistemini kritik zafiyetleri ve hatalar\u0131 nedeniyle ele\u015ftirerek s\u00f6zlerine ba\u015flad\u0131. Hatalar\u0131, 2008 k\u00fcresel finans krizinden bu yana, halen ve halen b\u00fcy\u00fck bankalar\u0131n reg\u00fcle edilmesini reddetme hatas\u0131, ABD bankac\u0131l\u0131k sistemine y\u00f6nelik stres testlerindeki eksiklik ve yetersizlikler, stres testlerinin gerekti\u011fi \u00f6l\u00e7\u00fcde ciddiye al\u0131nmamas\u0131 ve ABD\u2019de kamu otoritesinin bankalar\u0131n ne kadar k\u0131r\u0131lgan oldu\u011funu ara\u015ft\u0131rmamas\u0131 olarak s\u0131ralad\u0131. Joseph Stiglitz, Fed ve Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) son 2 y\u0131ld\u0131r s\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131na yo\u011funla\u015fmas\u0131n\u0131 da k\u00fcresel enflasyon sarmalar\u0131n\u0131n t\u00fcm\u00fcyle yanl\u0131\u015f okunmas\u0131, analiz edilmesi noktas\u0131nda, bir ba\u015fka kritik hata oldu\u011funun da alt\u0131n\u0131 \u00e7izdi.<\/span><\/p> \u00a0<\/span><\/p> SIKILA\u015eTIRICI PARA POL\u0130T\u0130KASI<\/span><\/strong><\/p> \u00a0<\/span><\/p> Fed ve ECB\u2019nin s\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131 \u00e7er\u00e7evesinde, k\u00fcresel pandemi ve Rusya-Ukrayna sava\u015f\u0131 nedeniyle son 3 y\u0131ld\u0131r ya\u015fanan k\u00fcresel tedarik zincirindeki b\u00fcy\u00fck k\u0131r\u0131lmay\u0131, yo\u011fun belirsizli\u011fi, tedarik edilemeyen hammadde, ara mamul, \u00e7ip sorununun birini bile \u00e7\u00f6zemedi\u011fini hat\u0131rlatt\u0131. K\u00fcresel enflasyon s\u0131\u00e7ramas\u0131n\u0131n ne arz eksikli\u011fi, ne talep s\u0131\u00e7ramas\u0131, temel nedeninin k\u00fcresel tedarik zincirindeki b\u00fcy\u00fck k\u0131r\u0131lma ve karga\u015fadan, \u00fcretim-t\u00fcketim d\u00f6ng\u00fcs\u00fcndeki zaman uyumsuzlu\u011fundan kaynakland\u0131\u011f\u0131n\u0131n alt\u0131n\u0131 \u00e7izen Stiglitz, firmalar\u0131n, y\u00fcksek belirsizlik nedeniyle gelece\u011fe odaklanmak yerine, m\u00fc\u015fteri sadakati yerine, cirosunu ve k\u00e2r\u0131n\u0131 korumaya y\u00f6nelik bir fiyat belirleme sarmal\u0131na girdiklerini de vurgulad\u0131. Merkez bankalar\u0131n\u0131n ise enflasyondaki s\u0131\u00e7raman\u0131n nedeninin talep geni\u015flemesi olmad\u0131\u011f\u0131n\u0131 \u0131srarla okumayarak, faiz art\u0131\u015flar\u0131yla, sabit sermaye, yeni fabrika ve makina yat\u0131r\u0131mlar\u0131nda da gerilemeye sebep olduklar\u0131n\u0131 belirtti.<\/span><\/p> \u00a0<\/span><\/p> DO\u011eRU \u00c7\u00d6Z\u00dcM NE?<\/span><\/strong><\/p> \u00a0<\/span><\/p> ABD Kongresi B\u00fct\u00e7e Ofisi\u2019nin (CBO) \u00e7\u0131kt\u0131 potansiyeli analizlerinin, ABD\u2019de toplam talebin olmas\u0131 gereken d\u00fczeyin alt\u0131nda seyretti\u011fine i\u015faret eden Prof. Stiglitz, bu ortamda s\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131 tercihinin tedarik sisteminde hi\u00e7bir sorunu halletmedi\u011fi gibi son banka iflaslar\u0131n\u0131n da do\u011frulad\u0131\u011f\u0131 gibi tersine bankac\u0131l\u0131k sistemine zarar verdi\u011finin bir kez daha alt\u0131n\u0131 \u00e7izdi. S\u0131k\u0131la\u015ft\u0131r\u0131c\u0131 para politikas\u0131n\u0131n reel \u00fccretlerdeki erimeyi de engelleyemeyerek, farkl\u0131 gelir gruplar\u0131 aras\u0131ndaki dengesizli\u011fi derinle\u015ftirdi\u011fini vurgulad\u0131.\u00a0<\/span><\/p> \u00a0<\/span><\/p> ECB\u2019nin Fed\u2019i izlemeyi s\u00fcrd\u00fcrmesi halinde, Avrupa\u2019y\u0131 daha derin bir resesyon riski bekledi\u011fi uyar\u0131s\u0131nda bulunan Stiglitz, merkez bankalar\u0131n\u0131n tavr\u0131n\u0131n k\u00fcresel bor\u00e7 sorununu daha da derinle\u015ftirdi\u011fini \u00a0hat\u0131rlatt\u0131. Do\u011fru \u00e7\u00f6z\u00fcm\u00fcn istihdam piyasas\u0131n\u0131 canl\u0131 tutacak, KOB\u0130\u2019leri destekleyecek, piyasalarda rekabeti azaltanlara kar\u015f\u0131 anti-tr\u00f6st d\u00fczenlemelerinin daha da sertle\u015ftirilmesi, devletin g\u0131da \u00fcretimi ve ucuz enerji desteklerinin bu s\u00fcre\u00e7te daha kal\u0131c\u0131 sonu\u00e7lar verebilece\u011fini belirtti. Stiglitz gibi g\u00fc\u00e7l\u00fc bir ismin ortaya koydu\u011fu ele\u015ftirilerin neoliberal ortodoks kanad\u0131n \u0131srarlar\u0131na y\u00f6nelik etkili \u2018salvo\u2019lar oldu\u011funu not alal\u0131m.<\/span><\/p>","slug":"stiglitzden-merkez-bankalarina-kritik-salvolar","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":null,"meta_title":null,"meta_description":null,"meta_keywords":null,"view_count":1312,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}
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