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dc.contributor.advisorGürkaynak, Refet S.en_US
dc.contributor.authorKısacıkoğlu, Burçinen_US
dc.date.accessioned2016-01-08T18:11:48Z
dc.date.available2016-01-08T18:11:48Z
dc.date.issued2009
dc.identifier.urihttp://hdl.handle.net/11693/14980
dc.descriptionAnkara : The Department of Economics and the Institute of Economics and Social Sciences of Bilkent University, 2009.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2009.en_US
dc.descriptionIncludes bibliographical references leaves 26-27.en_US
dc.description.abstractThis paper studies the relationship between scal policy, nancial market frictions and business cycle uctuations. It is shown that in an economy where balance sheets play a role in the propagation of shocks, using countercyclical scal policy net worth and output uctuations can be reduced. This countercyclical scal policy requires to distribute resources to the entrepreneurs when a negative technology shock is realized and levy taxes on entrepreneurs after the technology shock is back to zero. It is shown that after the realization of a negative shock, countercyclical scal policy reduces agency costs which would make entrepreneurs increase investment and dampen the business cycle uctuations via decreasing uctuations in net worth. By this increase in investment, nancial fragility decreases, which reduces the slowdown of economic activity.en_US
dc.description.statementofresponsibilityKısacıkoğlu, Burçinen_US
dc.format.extentviii, 27 leavesen_US
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBusiness Cycle Fluctuationsen_US
dc.subjectAgency Costsen_US
dc.subjectFinancial Acceleratoren_US
dc.subjectCountercyclical Fiscal Policyen_US
dc.subject.lccHB3711 .K57 2009en_US
dc.subject.lcshBusiness cycles.en_US
dc.subject.lcshEconomic fluctuations.en_US
dc.subject.lcshFiscal policy.en_US
dc.titleAgency costs, fiscal policy, and business cycle fluctuationsen_US
dc.typeThesisen_US
dc.departmentDepartment of Economicsen_US
dc.publisherBilkent Universityen_US
dc.description.degreeM.S.en_US
dc.identifier.itemidB118205


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