Journal of Economic Policy Researches

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DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH

Hüseyin Can Hacıbebekoğlu

This paper is about the relation between giant companies and uncertainty of the monetary rule. The uncertainty comes from the decisions of the giant capitalists which are holding huge amount of capital and their future expectation. Their expectations and decisions are important for the future because their revenues are almost a country’s GDP (Gross Domestic Product). Therefore, their revenues are big enough to affect economies. The main difference of the paper is the adding the decisions of the giant companies in a basic rational expectation model. Also, subject of the paper depends on Marxian monopolistic competition and surplus value theories. As a result, monetary authority is affecting the output, but unknown result so monetary rule is not efficient for stabilizing economy. New Classical Economy proposes the similar result. However, this paper explains why monetary policy is ineffective for stabilizing economy considering decisions of the giant capitalist. 

Keywords: Rational Expectation, Muth Method, Uncertainty
JEL Classification : E32
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GÜÇLÜ KAPİTALİSTLERİN KARARLARI VE BELİRSİZLİK: RASYONEL BEKLENTİLER YAKLAŞIMI

Hüseyin Can Hacıbebekoğlu

Büyük şirketlerin bugünün ekonomilerinde büyük etkileri vardır. Beklentileri ve kararları gelecek için önemlidir, çünkü neredeyse bir ülkenin GSYİH'sini (Gayri Safi Yurtiçi Hasıla) kazanırlar. Bu nedenle, karları ekonomileri etkileyecek kadar büyüktür. Bu şirketler ekonomiler için önemli birer belirleyiciler haline geliyorlar. Varsayımlarımıza göre, karlarını reel sektörlere yatırım yapma veya bankalara borç verme yoluyla kullanabilmektedirler. Ancak, bankacılık sisteminin iyi çalışmaması toplam tasarrufların toplam yatırımlara eşit olmamasına sebep oluyor. Bu nedenle, ekonomi eksik kapasiteyle çalışıyor olacaktır. Ayrıca, mevcut toplam talep yatırımları içermektedir Para otoritesinin para politikası ekonomiyi istikrara kavuşturmakta etkili değildir çünkü büyük şirketlerin beklentilerinin, kararlarının bilmemektedirler. Bu makale de bu varsayımlarımızı rasyonel beklenti modeli ile nasıl olduğunu gösteriyoruz. 

Keywords: Rasyonel Beklentiler, Muth Metodu, Belirsizlik
JEL Classification : E32

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References

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APA

Hacıbebekoğlu, H.C. (2019). DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH. Journal of Economic Policy Researches, 6(1), 43-53. https://doi.org/null


AMA

Hacıbebekoğlu H C. DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH. Journal of Economic Policy Researches. 2019;6(1):43-53. https://doi.org/null


ABNT

Hacıbebekoğlu, H.C. DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH. Journal of Economic Policy Researches, [Publisher Location], v. 6, n. 1, p. 43-53, 2019.


Chicago: Author-Date Style

Hacıbebekoğlu, Hüseyin Can,. 2019. “DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH.” Journal of Economic Policy Researches 6, no. 1: 43-53. https://doi.org/null


Chicago: Humanities Style

Hacıbebekoğlu, Hüseyin Can,. “DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH.” Journal of Economic Policy Researches 6, no. 1 (Nov. 2024): 43-53. https://doi.org/null


Harvard: Australian Style

Hacıbebekoğlu, HC 2019, 'DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH', Journal of Economic Policy Researches, vol. 6, no. 1, pp. 43-53, viewed 24 Nov. 2024, https://doi.org/null


Harvard: Author-Date Style

Hacıbebekoğlu, H.C. (2019) ‘DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH’, Journal of Economic Policy Researches, 6(1), pp. 43-53. https://doi.org/null (24 Nov. 2024).


MLA

Hacıbebekoğlu, Hüseyin Can,. “DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH.” Journal of Economic Policy Researches, vol. 6, no. 1, 2019, pp. 43-53. [Database Container], https://doi.org/null


Vancouver

Hacıbebekoğlu HC. DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH. Journal of Economic Policy Researches [Internet]. 24 Nov. 2024 [cited 24 Nov. 2024];6(1):43-53. Available from: https://doi.org/null doi: null


ISNAD

Hacıbebekoğlu, HüseyinCan. “DECISIONS OF THE POWERFUL CAPITALISTS AND UNCERTAINTY: A RATIONAL EXPECTATION APPROACH”. Journal of Economic Policy Researches 6/1 (Nov. 2024): 43-53. https://doi.org/null



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Submitted13.11.2018
Published Online22.01.2019

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