Abstract
References
- Allsopp, C., “The Role of Fiscal Policy in the 1990s”, in Tim Jenkinson (ed), Readings in Macroeconomics, Oxford University Press, Oxford, 1996, 322.
- Byms, T. R. and Stone W.G., Macroeconomics, Sixth Edition, HarperCollins College Publishers, New York, 1995.
- Carlin, W. and Soskice D., Macroeconomics and Wage Bargain, Oxford University Press, Oxford, 1990.
- Epstein, G. and Ferguson, T., “Monetary Policy, Loan Liquidation, and Industrial Conflict: The Federal Reserve and the Öpen Market Operations of 1932”, Journal of Economic History, 44, December 1984, 957-583.
- Friedman, M., “Fiscal Policy”, in Crandall and Eckaus (eds.), Selected Readings, Contemporary Issues in Economics, Little, Brown and Company, Boston, 1972, 111-115.
- Friedman, M., and Schwartz, A.J., A Monetary History of the United States, 1867-1960, Princeton, N.J., Princeton University Press, 1963.
- Gordon, R.J. and Veitch, J.M., “Fixed Investment in the American Business Cycle, 1913-1983”, in Gordon, R.J. (ed), The American Business Cycle: Continuity and Change, Chicago: Chicago, 1986.
- McConnel R.C. and Brue, L.S., Macroeconomics: Principles, Problems and Policies, Thirteenth Edition, McGraw-Hill, Inc., New York, 1996.
- Parkin, M., Macroeconomics, Third Edition, Addison-Wesley Publishing Company, Ne w York, 1996.
- Roger, Leroy and Miller, Economics Today, The Macro View, HarperCollins College Publishers, New York, 1994.
- Slavin, S., Macroeconomics, Fourth Edition, Irvvin, Chicago, 1996.
- Taylor, J. B., Economics, Houghton Mifflin Company, Boston, 1995.
- Temin, P., Did Monetary Forces Cause the Great Depression?, W.W. Norton Company Inc., New York, 1979.
- Tobin, J., “Deficit, deficit, who’s got the deficit?” in Crandall and Eckaus (eds.), Selected Readings, Contemporary Issues in Economics, Little, Brovvn and Company, Boston, 1972, 187-189.
- Wheelock, D., “The Strategy, Effectiveness and Consistency of Federal Reserve Monetary Policy 1924-1933”, Explorations in Economic History, 26, October 1989, 453-476.
- Wicker, E., “A Reconsideration of the Causes of the Banking Panic of 1930”, Journal of Economic History, 40, September, 1980, 571-583.
Abstract
Macroeconomic fluctuations are a recurring theme throughout history. The Business Cycle Theory divides the macroeconomic fluctuations into four periods; recession, trough, expansion, and peak. Besides these alten-Hing periods, there are two extreme points of business cycles; boom and depression The boom and depression are defined as extraordinarily peak and extraordinarily deep respectively. Depressions, among others, are mostly considert periods, since they result in not only severe economic problems but also social and political destructions.
Keywords
The analyses of business cycles Macroeconomic fluctuations Keynesian and monetarist theories
References
- Allsopp, C., “The Role of Fiscal Policy in the 1990s”, in Tim Jenkinson (ed), Readings in Macroeconomics, Oxford University Press, Oxford, 1996, 322.
- Byms, T. R. and Stone W.G., Macroeconomics, Sixth Edition, HarperCollins College Publishers, New York, 1995.
- Carlin, W. and Soskice D., Macroeconomics and Wage Bargain, Oxford University Press, Oxford, 1990.
- Epstein, G. and Ferguson, T., “Monetary Policy, Loan Liquidation, and Industrial Conflict: The Federal Reserve and the Öpen Market Operations of 1932”, Journal of Economic History, 44, December 1984, 957-583.
- Friedman, M., “Fiscal Policy”, in Crandall and Eckaus (eds.), Selected Readings, Contemporary Issues in Economics, Little, Brown and Company, Boston, 1972, 111-115.
- Friedman, M., and Schwartz, A.J., A Monetary History of the United States, 1867-1960, Princeton, N.J., Princeton University Press, 1963.
- Gordon, R.J. and Veitch, J.M., “Fixed Investment in the American Business Cycle, 1913-1983”, in Gordon, R.J. (ed), The American Business Cycle: Continuity and Change, Chicago: Chicago, 1986.
- McConnel R.C. and Brue, L.S., Macroeconomics: Principles, Problems and Policies, Thirteenth Edition, McGraw-Hill, Inc., New York, 1996.
- Parkin, M., Macroeconomics, Third Edition, Addison-Wesley Publishing Company, Ne w York, 1996.
- Roger, Leroy and Miller, Economics Today, The Macro View, HarperCollins College Publishers, New York, 1994.
- Slavin, S., Macroeconomics, Fourth Edition, Irvvin, Chicago, 1996.
- Taylor, J. B., Economics, Houghton Mifflin Company, Boston, 1995.
- Temin, P., Did Monetary Forces Cause the Great Depression?, W.W. Norton Company Inc., New York, 1979.
- Tobin, J., “Deficit, deficit, who’s got the deficit?” in Crandall and Eckaus (eds.), Selected Readings, Contemporary Issues in Economics, Little, Brovvn and Company, Boston, 1972, 187-189.
- Wheelock, D., “The Strategy, Effectiveness and Consistency of Federal Reserve Monetary Policy 1924-1933”, Explorations in Economic History, 26, October 1989, 453-476.
- Wicker, E., “A Reconsideration of the Causes of the Banking Panic of 1930”, Journal of Economic History, 40, September, 1980, 571-583.
Details
| Primary Language | English |
|---|---|
| Journal Section | Makaleler |
| Authors | |
| Publication Date | December 31, 2001 |
| Published in Issue | Year 2001 Issue: 17 |
Ethical Principles and Ethical Guidelines
The Journal of Erciyes University Faculty of Economics and Administrative Sciences places great emphasis on publication ethics, which serve as a foundation for the impartial and reputable advancement of scientific knowledge. In this context, the journal adopts a publishing approach aligned with the ethical standards set by the Committee on Publication Ethics (COPE) and is committed to preventing potential malpractice. The following ethical responsibilities, established based on COPE’s principles, are expected to be upheld by all stakeholders involved in the publication process (authors, readers and researchers, publishers, reviewers, and editors).
Ethical Responsibilities of Editors
Make decisions on submissions based on the quality and originality of the work, its alignment with the journal's aims and scope, and the reviewers’ evaluations, regardless of the authors' religion, language, race, ethnicity, political views, or gender.
Respond to information requests from readers, authors, and reviewers regarding the publication and evaluation processes.
Conduct all processes without compromising ethical standards and intellectual property rights.
Support freedom of thought and protect human and animal rights.
Ensure the peer review process adheres to the principle of double-blind peer review.
Take full responsibility for accepting, rejecting, or requesting changes to a manuscript and ensure that conflicts of interest among stakeholders do not influence these decisions.
Ethical Responsibilities of Authors
Submitted works must be original. When utilizing other works, proper and complete citations and/or references must be provided.
A manuscript must not be under review by another journal simultaneously.
Individuals who have not contributed to the experimental design, implementation, data analysis, or interpretation should not be listed as authors.
If requested during the review process, datasets used in the manuscript must be provided to the editorial board.
If a significant error or mistake is discovered in the manuscript, the journal’s editorial office must be notified.
For studies requiring ethical committee approval, the relevant document must be submitted to the journal. Details regarding the ethical approval (name of the ethics committee, approval document number, and date) must be included in the manuscript.
Changes to authorship (e.g., adding or removing authors, altering the order of authors) cannot be proposed after the review process has commenced.
Ethical Responsibilities of Reviewers
Accept review assignments only in areas where they have sufficient expertise.
Agree to review manuscripts in a timely and unbiased manner.
Ensure confidentiality of the reviewed manuscript and not disclose any information about it, during or after the review process, beyond what is already published.
Refrain from using information obtained during the review process for personal or third-party benefit.
Notify the journal editor if plagiarism or other ethical violations are suspected in the manuscript.
Conduct reviews objectively and avoid conflicts of interest. If a conflict exists, the reviewer should decline the review.
Use polite and constructive language during the review process and avoid personal comments.
Publication Policy
The Journal of Erciyes University Faculty of Economics and Administrative Sciences is a free, open-access, peer-reviewed academic journal that has been in publication since 1981. The journal welcomes submissions in Turkish and English within the fields of economics, business administration, public finance, political science, public administration, and international relations.
No submission or publication fees are charged by the journal.
Every submitted manuscript undergoes a double-blind peer review process and similarity/plagiarism checks via iThenticate.
Submissions must be original and not previously published, accepted for publication, or under review elsewhere.
Articles published in the journal can be cited under the Open Access Policy and Creative Commons license, provided proper attribution is given.
The journal is published three times a year, in April, August, and December. It includes original, high-quality, and scientifically supported research articles and reviews in its listed fields. Academic studies unrelated to these disciplines or their theoretical and empirical foundations are not accepted. The journal's languages are Turkish and English.
Submissions are first subject to a preliminary review for format and content. Manuscripts not meeting the journal's standards are rejected by the editorial board. Manuscripts deemed suitable proceed to the peer review stage.
Each submission is sent to at least two expert reviewers. If both reviews are favorable, the article is approved for publication. In cases where one review is positive and the other negative, the editorial board decides based on the reviews or may send the manuscript to a third reviewer.
Articles published in the journal are open access and can be cited under the Creative Commons license, provided proper attribution is made.