Author(s): Mehtap KARAYAZI

The 2008 global economic crisis has been the most severe crisis of the last century, except for the war periods and the Great Depression. An important reason for this effect undoubtedly is the financial liberalization process and increasing interaction between the financial system of countries since the 1990s. While the global crisis has adversely affected the macroeconomic indicators of many countries it has also led to changes in monetary and fiscal policy preferences. The fiscal rules that came to the fore after the 1970s and became widespread after the 1990s are numerical constraints imposed on financial indicators to ensure macroeconomic stability and fiscal discipline. So what changes have been made in fiscal rule implementations during the global crisis? During the crisis period as the debt ratios and budget deficits of the countries were on the increase trend, some deviations from the limits defined by the fiscal rules were realized. In order to compensate for this, while some countries have revised their fiscal rules, some countries have stopped implementing fiscal rules, and some countries have begun implementing new rules for the first time oradditionaly to existing rules.


You can send your paper at Online Submission System

  • The Journal of International Social Research / Uluslararası Sosyal Araştırmalar Dergisi ISSN: 1307-9581, an international, peer-reviewed, on the web publication, from 2007 will be issued least four times annualy.
  • Our journal is an independent academic publication based on research in social sciences, contributing to its field and trying to publish scientific articles that will bring innovation to the original and social sciences.
  • The journal has got an international editorial board and referee board, mainly embodied from the each individually professional on the social research fields.
  • Uluslararası Sosyal Araştırmalar Dergisi / The Journal of International Social Research became a member of Cross Reff since 2014 and started to assign DOI numbers to the articles. image
Google Scholar citation report
Citations : 7760

The Journal of International Social Research received 7760 citations as per Google Scholar report

The Journal of International Social Research peer review process verified by publons
Get the App