![\"\"](\"https:\/\/mrtzzz.com\/blog\/wp-content\/uploads\/2019\/10\/Interest_rate_trend_in_Turkey.png\")
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100\u5186\u306e\u30ac\u30e0\u304c\u6765\u5e74\u306b\u306f120\u5186\u306b\u306a\u308a\u3001\u305d\u306e\u7fcc\u5e74\u306f144\u5186\u3067\u3059\u3002<\/p>\n
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2018\u5e74\u5f53\u6642\u3001IMF\u3084\u4e16\u754c\u306e\u4e3b\u8981\u6a5f\u95a2\u3001\u653f\u6cbb\u5bb6\u306f\u30c8\u30eb\u30b3\u306b\u5bfe\u3057\u3066\u91d1\u5229\u306e\u5f15\u304d\u4e0a\u3052\u3092\u8981\u6c42\u3057\u307e\u3057\u305f\u3002<\/p>\n
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\u7b54\u3048\u306f\u2026<\/h2>\n
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2018\u5e74\u5f53\u6642\u3001\u30a8\u30eb\u30c9\u30a2\u30f3\u5927\u7d71\u9818\u304c\u6b63\u89e3\u3060\u3068\u53eb\u3073\u307e\u3057\u305f\u304c\u3001\u4e16\u9593\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u306f\u300c\u30c8\u30f3\u30c7\u30e2\u306a\u3044\u72ec\u88c1\u8005\u3060\u300d\u3068\u4e00\u6589\u306b\u4e16\u754c\u306f\u975e\u96e3\u3057\u307e\u3057\u305f\u3002<\/p>\n
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\u3053\u3053\u304b\u3089\u306e\u6559\u8a13<\/h2>\n
\u73fe\u4ee3\u8ca8\u5e63\u7406\u8ad6\u3068\u8a33\u3055\u308c\u308bMMT\uff08Modern Monetary Theory\uff09<\/figcaption><\/figure>\n \u3053\u306e\u7406\u5c48\u304b\u3089\u6d3e\u751f\u3057\u305f\u306e\u304cMMT\u7406\u8ad6\u3067\u3059\u3002<\/p>\n
MMT\u7406\u8ad6\u3068\u306f\u3001\u56fd\u5bb6\u304c\u501f\u91d1\u3092\u884c\u3063\u3066\u3082\u5012\u7523\u3057\u306a\u3044\u306e\u304c\u8fd1\u73fe\u4ee3\u306e\u56fd\u5bb6\u3060\u304b\u3089\u3001\u597d\u304d\u306a\u3060\u3051\u501f\u91d1\u3057\u3066\u56fd\u5bb6\u306e\u8ca1\u653f\u3092\u539a\u304f\u3057\u306a\u3055\u3044\u3068\u3044\u3046\u7406\u5c48\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n
\u65e5\u672c\u306e\u501f\u91d1\u306a\u3069\u306f\u3001GDP\u306b\u5bfe\u3057\u3066\u4e16\u754c\u6700\u60aa\u306e\u501f\u91d1\u306a\u306e\u3067\u3059\u304b\u3089\u3001\u901a\u5e38\u306e\u7406\u8ad6\u3067\u306f\u5012\u7523\u3059\u308b\u306e\u3067\u3059\u3002<\/p>\n
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\u56fd\u50b5\u3068MMT\u306e\u6839\u62e0<\/h2>\n
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\u5f53\u7136\u3001\u305d\u306e\u9593\u3082\u6771\u65e5\u672c\u9707\u707d\u306e\u5fa9\u8208\u3082\u3042\u308a\u501f\u91d1\u984d\u3082\u5897\u3048\u3066\u3044\u308b\u306e\u306b\u3001\u91d1\u5229\u306f\u9006\u306b\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u3066\u3057\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n
\u666e\u901a\u306f\u3001\u501f\u91d1\u306e\u91d1\u984d\u304c\u4e0a\u6607\u3059\u308c\u3070\u91d1\u5229\u306f\u4e0a\u6607\u3059\u308b\u306e\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n
\u3060\u304b\u3089MMT\u7406\u8ad6\u306f\u3001\u3082\u3063\u3068\u501f\u91d1\u3092\u3059\u3079\u304d\u3060\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n
\u8ab0\u3082\u304c\u601d\u3046\u3067\u3057\u3087\u3046\u304c\u3001\u3053\u306e\u5834\u5408\u3001\u56fd\u50b5\u306b\u6295\u8cc7\u3057\u3066\u3044\u308b\u5927\u53e3\u306e\u304a\u5ba2\u3055\u3093\u304c\u300c\u3084\u3063\u3071\u308a\u5fc5\u8981\u306b\u306a\u3063\u305f\u304b\u3089\u304a\u91d1\u8fd4\u3057\u3066\u300d\u3068\u8a00\u3048\u3070\u3001\u7c21\u5358\u306b\u56fd\u5bb6\u306f\u7834\u7dbb\u3057\u307e\u3059\u3002<\/p>\n
\u3082\u3061\u308d\u3093\u3001\u305d\u306e\u6295\u8cc7\u5bb6\u306b\u4ee3\u66ff\u3059\u308b\u6295\u8cc7\u5bb6\u304c\u73fe\u308c\u308c\u3070\u3001\u305d\u306e\u9650\u308a\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u901a\u5e38\u306f\u30c9\u30bf\u30d0\u30bf\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n
\u3064\u307e\u308a\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u304b\u3089\u4e16\u754c\u666f\u6c17\u304c\u7acb\u3061\u76f4\u3063\u305f\u7406\u7531\u306f\u3001\u56fd\u5bb6\u304c\u56fd\u6c11\u3084\u5916\u56fd\u306e\u91d1\u6301\u3061\u306b\u501f\u91d1\u3092\u7533\u3057\u8fbc\u3093\u3067\u3082\u3001\u305d\u308c\u306b\u5fdc\u3058\u3089\u308c\u308b\u5bcc\u88d5\u5c64\u304c\u3044\u305f\u304b\u3089\u3067\u3059\u3002<\/p>\n
\u30a8\u30ea\u30b6\u30d9\u30b9\u30fb\u30a6\u30a9\u30fc\u30ec\u30f3\u3068\u3044\u3046\u8005<\/h2>\n
\u6cd5\u5b66\u8005\u3067\u3042\u308a\u3001\u30de\u30b5\u30c1\u30e5\u30fc\u30bb\u30c3\u30c4\u5dde\u9078\u51fa\u4e0a\u9662\u8b70\u54e1\u3067\u3042\u308b\u30a8\u30ea\u30b6\u30d9\u30b9\u30fb\u30a6\u30a9\u30fc\u30ec\u30f3<\/figcaption><\/figure>\n \u4eca\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u6c11\u4e3b\u515a\u306e\u5927\u7d71\u9818\u5019\u88dc\u9078\u6319\u306b\u30a8\u30ea\u30b6\u30d9\u30b9\u30fb\u30a6\u30a9\u30fc\u30ec\u30f3\u3068\u3044\u3046\u8005\u304c\u3001\u5bcc\u88d5\u5c64\u306b\u5fb4\u7a0e\u5f37\u5316\u3092\u8a34\u3048\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u3093\u306a\u3053\u3068\u3092\u3059\u308c\u3070\u3001\u5bcc\u88d5\u5c64\u306f\u56fd\u5bb6\u306b\u304a\u91d1\u3092\u8cb8\u3059\u306e\u3092\u3084\u3081\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n
\u5f7c\u304c\u5927\u7d71\u9818\u306b\u5f53\u9078\u3059\u308c\u3070\u3001\u5bcc\u88d5\u5c64\u306f\u56fd\u5bb6\u306b\u304a\u91d1\u3092\u8cb8\u3059\u306e\u3092\u3084\u3081\u3066\u3001\u4e16\u754c\u306f\u5927\u6df7\u4e71\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n
\u56fd\u6c11\u53d7\u3051\u306f\u3044\u3044\u5927\u7d71\u9818\u5019\u88dc\u3067\u3059\u304c\u3001\u305d\u3093\u306a\u3053\u3068\u3092\u3059\u308c\u3070\u3001\u4e16\u754c\u7d4c\u6e08\u304c\u3069\u3046\u306a\u308b\u304b\u304c\u308f\u304b\u3063\u3066\u3044\u306a\u3044\u30c8\u30f3\u30c7\u30e2\u4eba\u9593\u3067\u3059\u3002<\/p>\n
\u4eca\u306e\u65e5\u672c\u3082\u305d\u3046\u3067\u3059\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u3082\u4e16\u754c\u3082\u3001\u5bcc\u88d5\u5c64\u512a\u9047\u306e\u653f\u7b56\u3092\u3084\u3081\u305f\u304f\u3066\u3082\u3084\u3081\u3089\u308c\u306a\u3044\u72b6\u6cc1\u306a\u306e\u3067\u3059\u3002<\/p>\n
\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u3053\u306e\u3053\u3068\u3092\u3088\u304f\u308f\u304b\u3063\u3066\u3044\u307e\u3059\u306e\u3067\u3001\u300c\u76f8\u624b\u306f\u30d0\u30a4\u30c7\u30f3\u3088\u308a\u3082\u30a6\u30a9\u30fc\u30ec\u30f3\u306e\u307b\u3046\u304c\u3044\u3044\u300d\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n
\u30d0\u30a4\u30c7\u30f3\u306b\u306f\u82e6\u6226\u3059\u308b\u3067\u3057\u3087\u3046\u304c\u3001\u30a6\u30a9\u30fc\u30ec\u30f3\u306f\u697d\u52dd\u3060\u3068\u601d\u3063\u3066\u3044\u308b\u306f\u305a\u3067\u3059\u3002<\/p>\n
\u3053\u306e\u72b6\u6cc1\u3092\u8aac\u660e\u3057\u3066\u4f55\u304c\u8a00\u3044\u305f\u3044\u304b\u3001\u306a\u3093\u3068\u306a\u304f\u304a\u308f\u304b\u308a\u306b\u306a\u308a\u307e\u3057\u305f\u304b\uff1f<\/p>\n
\u8981\u3059\u308b\u306b\u3001\u4e16\u754c\u306e\u91d1\u6301\u3061\u306f\u3001\u56fd\u5bb6\u3092\u52a9\u3051\u308b\u3060\u3051\u306e\u304a\u91d1\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u306e\u3067\u3001\u56fd\u5bb6\u306f\u3044\u304f\u3089\u3067\u3082\u501f\u91d1\u304c\u3067\u304d\u308b\u72b6\u614b\u306a\u306e\u3067\u3001MMT\u7406\u8ad6\u306f\u56fd\u5bb6\u306b\u501f\u91d1\u3092\u63a8\u5968\u3059\u308b\u306e\u3067\u3059\u3002<\/p>\n
\u56fd\u5bb6\u306b\u501f\u91d1\u3092\u3059\u308b\u4f59\u88d5\u304c\u3042\u308b\u304b\u3089\u3001\u91d1\u5229\u306f\u5b89\u3044\u307e\u307e\u306a\u306e\u3067\u3059\u3002<\/p>\n
\u305d\u308c\u3088\u308a\u3082\u300c\u3082\u3063\u3068\u501f\u91d1\u3092\u3057\u308d\u300d\u3068\u3001\u91d1\u5229\u3092\u898b\u3066\u3044\u308b\u3068\u50ac\u4fc3\u3057\u3066\u3044\u308b\u3068\u89b3\u5bdf\u3067\u304d\u307e\u3059\u3002<\/p>\n
\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3053\u3068\u304c\u4eca\u306e\u7d4c\u6e08\u306b\u306f\u597d\u90fd\u5408<\/h2>\n
2020\u5e74\u306e\u7c73\u5927\u7d71\u9818\u9078\u3078\u306e\u6295\u7968\u3092\u547c\u3073\u304b\u3051\u308b\u30d4\u30f3\u30d0\u30c3\u30b8<\/figcaption><\/figure>\n \u5b9f\u969b\u306b\u30c8\u30eb\u30b3\u306e\u3088\u3046\u306b\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3068\u307e\u3059\u307e\u3059\u56fd\u306f\u5fa9\u6d3b\u3057\u3066\u3044\u304d\u3001\u30a2\u30e1\u30ea\u30ab\u306a\u3069\u5927\u7d71\u9818\u81ea\u3089\u304c\u300c\u91d1\u5229\u3092\u5f15\u304d\u4e0b\u3052\u308d\u300d\u3068\u8981\u6c42\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n
\u305d\u3046\u3059\u308c\u3070\u3001\u3082\u3063\u3068\u30a2\u30e1\u30ea\u30ab\u306f\u767a\u5c55\u3059\u308b\u3068\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n
\u6765\u5e74\u306e\u9078\u6319\u6226\u306b\u306a\u308c\u3070\u3001\u3082\u3063\u3068\u52a0\u901f\u3059\u308b\u306e\u306f\u81ea\u660e\u3067\u3059\u3002<\/p>\n
\u3064\u307e\u308a\u3001\u81ea\u5206\u306e\u518d\u9078\u3092\u76e4\u77f3\u306b\u3059\u308b\u305f\u3081\u306b\u3001\u4f4e\u91d1\u5229\u3067\u682a\u4fa1\u306f\u3082\u3063\u3068\u4e0a\u6607\u3059\u308b\u3053\u3068\u3092\u8003\u3048\u308c\u3070\u3001\u305d\u3046\u3084\u3063\u3066\u5f53\u305f\u308a\u524d\u306a\u306e\u3067\u3059\u3002<\/p>\n
\u7279\u306b\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u82e6\u6226\u3084\u652f\u6301\u7387\u304c\u6025\u964d\u4e0b\u3059\u308c\u3070\u3001\u3082\u3063\u3068\u300c\u91d1\u5229\u3092\u4e0b\u3052\u308d\u300d\u3068\u9a12\u304e\u7acb\u3066\u308b\u306e\u306f\u81ea\u660e\u3067\u3059\u3002<\/p>\n
\u8003\u3048\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3001\u65e5\u672c\u3084\u30c9\u30a4\u30c4\u306f\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u306f2\uff05\u3067\u3059\u3002<\/p>\n
\u307e\u3060\u307e\u3060\u5f15\u304d\u4e0b\u3052\u3066\u3082\u5927\u4e08\u592b\u3068\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u8003\u3048\u3066\u3044\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n
\u30c8\u30eb\u30b3\u3084\u30a2\u30e1\u30ea\u30ab\u306e\u4e8b\u4f8b\u304b\u3089\u3082\u308f\u304b\u308b\u3088\u3046\u306b\u3001\u7d4c\u6e08\u767a\u5c55\u306e\u305f\u3081\u306b\u306f\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3053\u3068\u304c\u4eca\u306e\u7d4c\u6e08\u306b\u3068\u3063\u3066\u306f\u597d\u90fd\u5408\u306a\u306e\u3067\u3059\u3002<\/p>\n
\u91d1\u5229\u304c\u4e0b\u304c\u308c\u3070\u3001\u91d1\u306f\u3069\u3046\u306a\u308a\u307e\u3059\u304b<\/strong>\u3068\u3044\u3046\u3053\u3068\u3060\u3051\u3067\u3059\u3002<\/p>\n
\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u652f\u6301\u5c64<\/h2>\n
\u30c7\u30f3\u30d0\u30fc\u306b\u96c6\u7d50\u3057\u305f\u30c8\u30e9\u30f3\u30d7\u652f\u6301\u8005<\/figcaption><\/figure>\n \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u5ca9\u76e4\u652f\u6301\u5c64\u3068\u8a00\u308f\u308c\u3066\u3044\u308b\u306e\u306f\u3001\u767d\u4eba\u306e\u5de5\u5834\u52b4\u50cd\u8005\u305f\u3061\u3067\u3059\u3002<\/p>\n
\u3053\u306e\u4eba\u305f\u3061\u306f\u79fb\u6c11\u306e\u6d41\u5165\u306b\u3088\u3063\u3066\u5931\u696d\u3057\u305f\u79fb\u6c11\u6392\u65a5\u306e\u7b46\u982d\u306e\u4eba\u305f\u3061\u3067\u3059\u3002<\/p>\n
\u3086\u3048\u306b\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u3001\u30e1\u30ad\u30b7\u30b3\u56fd\u5883\u306b\u58c1\u3092\u4f5c\u308b\u3068\u5420\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n
\u3068\u3053\u308d\u304c\u3001\u3053\u308c\u306f\u5bcc\u88d5\u5c64\u306b\u3068\u3063\u3066\u306f\u8af8\u5203\u306e\u5263\u3067\u3059\u3002<\/p>\n
\u5b89\u3044\u52b4\u50cd\u529b\u3092\u4f7f\u3044\u3001\u5f7c\u3089\u306e\u307b\u3068\u3093\u3069\u306f\u5bcc\u88d5\u5c64\u306b\u306a\u308a\u5f97\u305f\u306e\u3067\u3059\u304b\u3089\u3001\u767d\u4eba\u52b4\u50cd\u8005\u3088\u308a\u3082\u30b3\u30b9\u30c8\u306e\u5b89\u3044\u4eba\u305f\u3061\u3092\u4f7f\u3044\u305f\u304c\u308b\u306e\u306f\u5f53\u7136\u3067\u3059\u3002<\/p>\n
\u3053\u306e\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u3084\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u30dd\u30d4\u30e5\u30ea\u30ba\u30e0\u653f\u6cbb\u3068\u8a00\u3044\u307e\u3059\u304c\u3001\u6c11\u4e3b\u4e3b\u7fa9\u306e\u57fa\u672c\u8ad6\u7406\u306f\u304a\u91d1\u3092\u8cb8\u3057\u3066\u304f\u308c\u308b\u3053\u3068\u3067\u306f\u306a\u304f\u3001\u6839\u672c\u7684\u306b\u306f\u8ab0\u3067\u3082\u5e73\u7b49\u306a\u4e00\u7968\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n
\u5bcc\u88d5\u5c64\u3068\u5e02\u6c11\u5c64\u3067\u306f\u3069\u3061\u3089\u304c\u4eba\u6570\u304c\u591a\u3044\u304b\u3068\u3044\u3046\u554f\u3044\u306b\u306f\u3001\u3082\u3061\u308d\u3093\u3001\u5e02\u6c11\u5c64\u306e\u307b\u3046\u304c\u591a\u3044\u308f\u3051\u3067\u3059\u3002<\/p>\n
\u81ea\u5df1\u77db\u76fe\u3092\u62b1\u3048\u305f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29<\/h2>\n
\u30c8\u30e9\u30f3\u30d7\u81ea\u8eab\u306f\u8d85\u5bcc\u88d5\u5c64\u3060\u304c\u5f7c\u3092\u652f\u3048\u3066\u3044\u308b\u306e\u306f\u8ca7\u56f0\u3001\u4e2d\u6d41\u5c64<\/figcaption><\/figure>\n \u6c11\u4e3b\u4e3b\u7fa9\u3067\u793e\u4f1a\u304c\u6210\u308a\u7acb\u3063\u3066\u3044\u308b\u4ee5\u4e0a\u3001\u3044\u305a\u308c\u306f\u5bcc\u88d5\u5c64\u3078\u306e\u8ab2\u7a0e\u5f37\u5316\u3084\u8feb\u5bb3\u306f\u8d77\u3053\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n
\u305d\u306e\u3068\u304d\u306b\u306f\u3001\u56fd\u5bb6\u306b\u304a\u91d1\u3092\u8cb8\u3059\u4eba\u306f\u3044\u307e\u3059\u304b\uff1f<\/p>\n
MMT\u306e\u3088\u3046\u306b\u56fd\u5bb6\u304c\u304a\u91d1\u3092\u501f\u308a\u653e\u984c\u306b\u306a\u308c\u3070\u3001\u3044\u3064\u304b\u306f\u30a2\u30e1\u30ea\u30ab\u3082\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n
\u4e00\u65e5\u4e00\u65e5\u306b\u91d1\u5229\u306f\u767a\u751f\u3057\u3001\u5bcc\u88d5\u5c64\u306f\u65e5\u306b\u65e5\u306b\u304a\u91d1\u6301\u3061\u306b\u306a\u3063\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n
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