Search

2008 The global financial crisis presents a critical dimension in the crisis literature and the importance it places on the global dimension. The financial crisis that started in 2008 in the US due to non-returnable loans in housing markets has spread widely in the global scale, especially in European countries. In this direction, the monetary and fiscal policies have been applied by the countries in order to take effect of the crisis. In this study, the relationship between the public revenues, a significant instrument of fiscal policies implemented by the government, and the employment rates for the post-crisis period is explained. In addition to this explanation, the relationship between public income policies and employment rates between 2006Q1-2016Q4 was analyzed according to the Toda- Yamamoto causality test. As a result, unidirectional causality running from post- crisis public income policies to employment rates is determined. [ABSTRACT FROM AUTHOR]