Functional fiscal policy implementation has always been a matter of debate particularly in recessed economies. This study aims to analyze the European Debt Crisis stemming from the 2008 Global Crisis within Keynesian budget deficit policies. We examined the best 5 and worst 5 countries in the Eurozone according to their debt ratios and discussed the growth rates, debt ratios and budget deficit variables of these countries. Panel ARDL model was used for the 2000Q1-2011Q4 period. The analysis results showed that conjunctural deficit policy (functional fiscal policy) had positive effect on economic growth in the short run.

Abstract:The present study aims to measure the crowding out effect for the countries in the Eurozone that have tried to finance budget deficits through borrowing. We have examined the effects of government debt, government expenditure, interest rate and growth rate on private investments for the 2000-2015 period. The results show that government debt, government expenditure, interest rates and budget deficits all affect private investment negatively and the impact of economic growth is positive. The findings of the study support the existence of the crowding out effect in the Eurozone for the period of 2000-2015.

In this research, the performance of inflation targeting strategy was analysed using the least square method (LSM) with the regression model for economic circumstances in Turkey. The results of this research can be summarised as follows: (1) Inflation targeting regime has a weak positive effect on inflation rate performance; (2) There is no significant relationship between inflation targeting regime and growth rate; (3) There is a positive but a weak relationship between inflation targeting regime and exchange rate performance; and (4) Inflation targeting regime has a strong positive effect on nominal interest rate performance. Thus, these results support the argument in the literature that 'inflation targeting affects macroeconomic performance positively except for growth rate' . Thus, the post-2002 inflation-targeting regime, whether rule-based or occasional, has led to some improvements in other macroeconomic indicators, even though the primary aim of monetary policy instruments is to bring down the rate of inflation. Such stability-assuring policies enable investors to invest in a more trustable environment.

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Ahilik kurumu altıyüzyıl Anadolu’da faaliyet göstermiştir. 13.yy dan 19. yy a kadar faaliyet gösteren bu kurum öncelikle meslek birliği olarak kurulmuştur. Bu kurum zamanla büyüyerek toplumun iktisadi sosyal ve eğitim yapısını da etkilemiştir. Bu kurumun ilkeleri sosyal ve iktisadi paylaşım üzerine kuruludur. İktisadi ve adil paylaşımla bireysel ve toplumsal mutluluk hedeflenmiştir. Aynı zamanda ahilik kurumu eğitim ve öğretime büyük önem vermiştir. Bu çalışmanın amacı; ahilik kurumunun iktisadi, sosyal ve eğitim uygulamarını incelemektir. Bununla birlikte ahilik kurumunu güncel bakış açısıyla değerlendirmektir. Bir diğer amaç ise elde edilen bulguları genç kuşaklara aktarmaktır. Ahilik kurumu ilkeleri toplumsal üretim ve paylaşım açısından önemli ilkeler sunmaktadır. Mesleki eğitimi ve hayatboyu öğrenmeği tavsiye etmektedir. Güncel bakış açısı ile ahilik kurumu yeniden değerlendirildiğinde, birey ve toplum için yararlı bilgiler elde edilecektir. Ortaya çıkan yeni fikirler toplumun ekonomik ve sosyal yaşamına olumlu katkı sağlayacaktır.