Aug 11, 2026
Publication Type
Articles
Research Article
Economic & Financial Analysis Letters (EFL) aims to publish short, focused, and high-impact original research in economics, finance, public finance, and related disciplines.
The journal encourages work that makes an analytical contribution rather than restating the existing literature. Editorial decisions give priority to the following principles:
- Originality: the study fills a clearly identified gap in the literature
- Methodological rigour: data and modelling techniques are used correctly and with justification
- Analytical clarity: the link between the theoretical framework and the empirical findings can be followed
- Reproducibility: the data, code, and method can be replicated by independent researchers
- Policy relevance: the findings speak to current debates in economic and financial policy
Guided by these principles, the journal makes research that addresses current economic and financial questions through scientific method available to academics, researchers, and policymakers.
EFL publishes original research articles in the following fields:
- Economic theory and applied economics
- Financial economics and financial markets
- Public finance and fiscal policy
- International economics and global finance
- Monetary policy and central banking
- Macroeconomic and microeconomic analysis
- Econometric methods and quantitative modelling
- Energy economics, sustainability, and finance
- Behavioural economics and finance
- Islamic economics, Islamic banking, and finance
Interdisciplinary work that intersects with these fields is also considered.
Out of scope. The journal does not consider purely descriptive reports, literature reviews without an original contribution, texts in lecture-note or report format, and studies whose methodological basis is not stated.
1.1 Language of Publication
The journal accepts articles in English and Turkish. Whatever the language of the main text, every article must include:
- Title in English and Turkish
- Abstract in English and Turkish (150–200 words each)
- Keywords in English and Turkish (3–6 in each language)
The main text is written in one language. In Turkish-language articles, table and figure captions and notes are given in Turkish; in English-language articles, in English. References follow APA 7 in both cases and are given in their original language.
1.2 Article Type and Length
The journal publishes letters only. A letter must have the following features:
- A single, clearly defined research question
- A clear theoretical or empirical contribution
- Concise and accurate positioning within the literature
- A transparent and reproducible methodology
- Direct and clear presentation of findings
| Element | Limit |
|---|---|
| Main text | 2,500–3,500 words (excluding references and appendices) |
| Abstract | 150–200 words in each language |
| Keywords | 3–6 in each language |
| Tables and figures | Maximum 10 in total |
| Online appendix | No limit, for technical detail |
Submissions that exceed these limits may be returned without peer review.
1.3 Article Structure
The article must contain the following sections in this order:
- Title (English and Turkish)
- Abstract / Öz (English and Turkish)
- Keywords / Anahtar Kelimeler (3–6 in each language)
- JEL Classification Codes
- Introduction
- Data and Method (or Theoretical Framework)
- Findings
- Conclusion
- References
- Appendix (if any)
The introduction must state the research gap and the contribution of the study clearly. Long and detailed literature reviews should be avoided; the literature is cited only to position the study.
1.4 Submission Files
Authors must upload the following two files separately.
(A) Anonymised Manuscript File
This file must not contain:
- Author names
- Institutional affiliations
- Acknowledgements
- Funding information
- Any statement that could reveal author identity (self-citations such as "in our earlier study…" must be written in the third person)
- Author names in the file metadata
(B) Title Page (Separate File)
- Article title (English and Turkish)
- Author names and affiliations
- ORCID numbers (required for all authors)
- Corresponding author details and contact address
- Funding information
- Conflict of interest statement
- Ethics committee approval information (if applicable)
- Artificial intelligence use statement (if applicable)
- Author contribution statement
Manuscripts that do not comply with the anonymisation rules may be rejected without review.
1.5 Formatting Rules
- A4 page size
- Margins: 2.5 cm on all sides
- Times New Roman, 12 point
- 1.5 line spacing
- Justified text
- Page numbers and line numbers must be included
- Headings must be numbered, with a maximum of two levels (1., 1.1.)
Tables and figures. These are placed near the point of first mention in the text and numbered sequentially (Table 1, Figure 1). The caption appears above the table or figure, and the source and explanatory notes appear below. Tables must be supplied as editable text, not pasted as images. Standard errors, number of observations, and significance levels must be reported in tables.
Equations. Equations are numbered and right-aligned. Variables are defined where they first appear.
Numbers and units. A period is used as the decimal separator. Currencies are given with ISO codes (TRY, USD, EUR).
1.6 Referencing (APA 7th Edition)
The journal uses the APA 7th edition citation system. In-text citation: (Fama & French, 1993); for three or more authors, (Angrist et al., 2010).
Journal Article Fama, E. F., & French, K. R. (1993). Common risk factors in the returns on stocks and bonds. Journal of Financial Economics, 33(1), 3–56.
Book Blanchard, O. (2017). Macroeconomics (7th ed.). Pearson.
Book Chapter Rodrik, D. (2008). Second-best institutions. In E. Helpman (Ed.), Institutions and economic performance (pp. 99–133). Harvard University Press.
Conference Paper (Published) Angrist, J. D., & Pischke, J.-S. (2010). The credibility revolution in empirical economics. In Proceedings of the American Economic Association Annual Meeting (pp. 15–20).
Conference Abstract Yılmaz, A. (2022). Monetary policy transmission in emerging markets [Conference abstract]. European Economic Association Annual Congress.
Institutional Report International Monetary Fund. (2023). World Economic Outlook: Navigating global divergences. IMF. World Bank. (2022). Global economic prospects. World Bank. OECD. (2021). Economic outlook No. 110. OECD Publishing.
Working Paper Acemoglu, D., & Robinson, J. (2019). The narrow corridor (NBER Working Paper No. 25629). National Bureau of Economic Research.
Dataset Federal Reserve Bank of St. Louis. (2023). Federal Funds Rate (FRED Series ID: FEDFUNDS). https://fred.stlouisfed.org
Website European Central Bank. (2023). Monetary policy decisions. https://www.ecb.europa.eu
Newspaper The Economist. (2023, May 15). The future of central banking.
Official Publication Republic of Türkiye Ministry of Treasury and Finance. (2022). Public debt management report.
1.7 Pre-submission Checklist
- Main text is between 2,000 and 3,000 words
- Title, abstract, and keywords provided in both English and Turkish
- Both abstracts are 150–200 words and one paragraph
- JEL codes included
- Anonymised manuscript and title page uploaded as separate files
- All author and affiliation traces removed, including file metadata
- ORCID numbers entered for all authors
- Data and code availability statements included
- Use of artificial intelligence (if any) declared on the title page
- References in APA 7 format and matched to in-text citations
- Tables and figures numbered, sourced, and supplied in editable form
EFL follows international publication ethics standards consistent with COPE (Committee on Publication Ethics) principles. The following provisions bind authors, reviewers, and editors.
1.1 Peer Review Process
The journal applies a strict double-blind peer review system. Each manuscript passes through:
- Editorial pre-screening (scope, format, language requirements, and length)
- Similarity (plagiarism) screening
- Assessment by at least two independent reviewers
Where reviewer reports disagree, a third reviewer is consulted. The final decision is made by editorial assessment in line with the reviewer reports.
1.2 Author Responsibilities
By submitting, authors warrant that:
- The work is original
- The work is not under review elsewhere
- All sources are correctly cited
- The data are accurate and have not been falsified
- Authorship order reflects actual contribution
- Any potential conflicts of interest have been declared
1.3 Reviewer Responsibilities
Reviewers must:
- Maintain confidentiality
- Provide an objective assessment and avoid personal criticism
- Declare conflicts of interest and withdraw from review where necessary
- Not misuse privileged information obtained through review
- Complete the review within the time given
1.4 Editor Responsibilities
Editors must:
- Decide fairly and impartially
- Base decisions on academic criteria alone
- Protect confidentiality
- Avoid conflicts of interest and withdraw from handling their own submissions
1.5 Research Misconduct
Where plagiarism, data fabrication, data falsification, duplicate submission, salami slicing, or other ethical violations are identified:
- The manuscript may be rejected, or retracted if already published
- The authors' institutions may be notified
- A formal investigation may be initiated
The journal applies a zero-tolerance principle to breaches of research ethics. Academic and legal responsibility for published work rests with the authors.
1.6 Artificial Intelligence Policy
Authors must declare any artificial intelligence tools used in preparing the manuscript.
Permitted use: language editing, grammar correction, and translation support (including rendering the title and abstract into the second language).
Not permitted: AI-generated data; undisclosed AI-based analysis; listing an AI tool as an author.
Authors are responsible for the entire content. Any use of artificial intelligence must be declared on the title page.
1.7 Data Transparency and Reproducibility
The following statements are required for empirical work.
Data Availability Statement. Authors must state whether the data are publicly available, available on request, or restricted (with the reason given).
Code Availability Statement. Authors must state the availability of statistical code (Stata, R, Python, and similar) and replication files.
Manuscripts that do not provide sufficient transparency may be rejected.
1.8 Preprint Policy
The journal accepts submissions that have been posted as preprints on SSRN, arXiv, RePEc, and institutional repositories. Authors must declare preprint information at submission. Once a manuscript is accepted, the preprint version must be updated to cite the journal publication.
1.9 Appeals and Complaints
Authors may appeal editorial decisions. An appeal requires a written statement of grounds and a point-by-point response. Appeals are assessed by the Editor-in-Chief and, where necessary, by an independent editor. Complaints concerning ethics or misconduct are examined confidentially. Appeals and complaints are submitted to efljournal@aybu.edu.tr.
1.10 Editorial Independence
Editorial decisions are made independently of institutional pressure, financial influence, and the title or affiliation of the author. The final decision rests on academic criteria alone.
1.11 Special Issue Policy
Special issues may be prepared by decision of the Editorial Board or on the proposal of a guest editor. Guest editors must follow the double-blind review system, avoid conflicts of interest, and apply the journal's standards. The final acceptance decision rests with the Editor-in-Chief.
1.12 Copyright, Licence, and Fees
On acceptance, authors sign a copyright transfer agreement. The journal makes all published work openly available under the Creative Commons Attribution-NonCommercial 4.0 International (CC BY-NC 4.0) licence. Under this licence, users may share and adapt the work provided they give appropriate credit and do not use it for commercial purposes. Authors may share the published version on personal pages and in institutional repositories with a citation to the journal.
Unless otherwise announced, no submission or publication fee is charged.
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