This study comes up with a measure of the structural budget balance for the Turkish economy between 2006-2010 in order to assess fiscal stance and evaluate the sensitivity of the budget balance with respect to the business cycles. Calculating structural budget balance requires three steps:...

English Abstract: The state has been given the role to intervene to the markets when it is needed under the framework of liberal policies. However the assertors of liberal policies also pay sufficient attention to this role of intervention. Hence the state's intervention to the market is limited...