The Role of Tax Policies in Combating Inflation: A Theoretical Comparison of Keynesian and Monetarist Approaches
DOI:
https://doi.org/10.62844/jerf.31Anahtar Kelimeler:
Inflation, Tax policy, Keynesian theory, Monetarist approach,, Fiscal policyÖzet
Inflation is widely recognized as one of the fundamental macroeconomic challenges threatening economic stability. In addressing this issue, fiscal policy, particularly tax policy, plays a role as critical as monetary policy. This study offers a theoretical, comparative analysis of the role of tax policies in fighting inflation within the frameworks of Keynesian and Monetarist thought. While the Keynesian theory regards tax policies as an active tool within the broader strategy of aggregate demand management, the Monetarist approach conceptualizes inflation primarily as a monetary phenomenon and emphasizes the indirect effects of tax policies. The paper discusses the theoretical channels through which tax policy influences inflation, including aggregate demand, production costs, inflation expectations, and fiscal discipline. In the context of Türkiye, the study highlights a complex relationship between tax policies and inflationary pressures, driven by a tax structure heavily reliant on indirect taxation, widespread informality, and institutional weaknesses. The findings underscore the necessity of designing tax policy within a structural framework that is synchronized with monetary policy, grounded in institutional trust, and attentive to income distribution. The study also offers directions for future empirical research, including sectoral analyses, inflation expectation surveys, and comparative country case studies.
Makale, vergi politikasının enflasyon üzerindeki etkilerini toplam talep, üretim maliyetleri, enflasyon beklentileri ve mali disiplin kanalları üzerinden teorik olarak tartışmaktadır. Türkiye bağlamında ise çalışma, dolaylı vergilere yüksek düzeyde bağımlı bir vergi yapısı, yaygın kayıt dışılık ve kurumsal zayıflıklar nedeniyle vergi politikaları ile enflasyonist baskılar arasındaki ilişkinin karmaşık bir nitelik taşıdığını ortaya koymaktadır.
Elde edilen bulgular, vergi politikasının para politikası ile eşgüdümlü, kurumsal güvene dayalı ve gelir dağılımını gözeten yapısal bir çerçeve içinde tasarlanması gerektiğini göstermektedir. Çalışma ayrıca, sektörel analizler, enflasyon beklenti anketleri ve karşılaştırmalı ülke incelemeleri gibi gelecekteki ampirik araştırmalara yönelik öneriler sunmaktadır.
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