Theoretical And Empirical Perspectives On Economic And Financial Issues

Macroeconomic objectives consist of efficiency in resource allocation, equality in income distribution, balance of payments, economic stability and economic growth and development. In order to achieve these goals, tools such as public expenditures, taxes, borrowing, money supply, interest rate are used. These policies have different results depending on various reasons such as the geography, economic structure and conjuncture. Economics is about meeting individual and social requirements by using money or similar tools. The economy, which is in close relationship with many fields of science such as law, politics, management, environment, history, sociology, serves humanity like all sciences and the results of economic applications are effective on society. The main objective to be achieved with the applied economic policies is to increase social welfare. When economic practices are examined, policies that positively affect the social order are successful. Practices that lead to a decline in social welfare must be called unsuccessful. Finance is the business of managing money and capital, which can be expressed as a commercial activity to provide funds and capital. If the financial sector suffers, the capital structure will deteriorate. Considering that the factors of production consist of labor, capital, natural resources and entrepreneurs, it is clear that financial management is of vital importance for the continuity of the economic system. For this reason, it is important to predict the financial policy results to be implemented.