Keywords: Current Account Deficit
The Turkish Economy in 2000-2010: “Not a Lost Decade, But Vulnerabilities Exist” Economist Eken stated that growth was not inclusive enough and rapid growth did not remedy unemployment.
14/01/2013
ANKARA –Turkey’s economic performance in the first decade of the 2000s was brought to the table at TEPAV. Dr. Sena Eken, Retired Senior Economist at the IMF and the co-author of the book “Turkey 2000-10: A Decade of Transition - Discussions A
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TEPAV: "Current account deficit could have been lowered by $14 billion” TEPAV states that the fight with current account deficit requires the tightening of fiscal policy as well as of monetary policy.
15/05/2012
ANKARA- TEPAV stressed that public savings in 2011 could have been 38 billion TL higher and said, “if public savings in 2011 are increased by 38 billion TL, current account deficit can be lowered by $14 billion, corresponding to a deficit of
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TEPAV Assesses the New Incentive Package: “The best package so far, but there is more to do” TEPAV's note stressed that the package alone cannot help Turkey reach the 2023 targets and that the need for reform in many fields was continuing.
10/04/2012
ANKARA - TEPAV, stressing that the new incentive package was the most comprehensive and technically-correct incentive regulation so far, said that the package alone could not fulfill the 2023 targets and that the need for a structural reform agenda
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The World Economy after the Crisis: Risks and Possible Solutions During a meeting held at TEPAV, recent developments in the world economy and their impacts on Turkey were discussed in their many aspects.
30/03/2012
ANKARA – On Friday, 30 March 2012, a meeting was held at TEPAV to discuss the challenges and risks the world economy has faced in the post-crisis era particularly after August 2011 and their impacts on the Turkish economy. The speakers drew a
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TEPAV Director Sak: “The State Needed Austerity; the Peoples Are Doing It.” Güven Sak delivered a speech titled “No Need to Worry(?)” during the 11th Retail Sector Summit.
19/10/2011
ISTANBUL – TEPAV Director Güven Sak, speaking about the market interventions of the Central Bank and the latest government decisions, said, “I do not know what the Central Bank is trying to do, either. There are some measures concerning th
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Commentary/Sarp Kalkan: "Why was Turkey differentiated from other developing countries?" TEPAV Economic Policy Analyst Sarp Kalkan analyzed the differentiation of Turkey from other developing countries with respect to exchange rate and stock market movements.
25/08/2011
The commentary assessed:
"Turkey has been differentiating substantially from other developing countries in terms of exchange rate and stock movement since the beginning of November 2010. This proves that the behavior of international fund infl
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Commentary/Ozan Acar: Turkey’s sovereign rating increased relatively TEPAV Economic Policy Analyst Ozan Acar evaluated the current outlook of Turkey's sovereign rating in the context of the developments witnessed since January 2011.
23/08/2011
Acar assessed:
Due to the uncertainties arising as a result of the global crisis, fund managers tend to focus on short-term rather than long-term factors when making investment decisions. The relative improvement in and the stable outlook of T
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TEPAV: “Primary Budget Expenditures Did Not Fall Back Down to the Pre-crisis Level” The assessment stressed that a significant proportion of the current account deficit resulted from the savings gap of the public sector, confirming the need for a change in public expenditure policy.
18/08/2011
ANKARA – TEPAV stated that primary budget expenditures which grew along with the crisis did not fall back to the pre-crisis levels yet.
Fiscal Monitoring Report April-May 2011 Budget Implementation Results by TEPAV Stability Institute was pu
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Policy Note/Sarp Kalkan Budget Performance Paves the Way for the Current Account Deficit
23/05/2011
"Current account deficit of Turkey at 61 billion TL is approximate to the sum of the budget deficit (or public S-I gap) at 43.6 billion TL and private savings gap at 13 billion TL. This indicates that the driving factor for high current account
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TEPAV: “New Definitions for International Trade and Current Accounts Needed” TEPAV stated that some indicators need to be reconsidered since the spread of multinational firms throughout the world has altered the balances between countries.
04/03/2011
ANKARA - TEPAV argued that the nation-state based analysis of international trade and balance of payments accounts might lead to false interpretations and maintained that the mentioned accounts need to consider new definitions that regard internati
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