Güven Sak, PhD
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Who would like a new Demirbank incident?
I believe that no one would like a new Demirbank incident nowadays. Would you? No, none of you would. The question in the title is exactly what the recent "What shall we…
How did the US economy grow? What did Turkey miss?
American economy grew by 3.5 percent in the third quarter of 2009. Thus the free fall of the economy came to an end, period of recovery begin. So, are we done now? No,…
Environment is now the core: Why did Apple abandon US Chamber of Commerce?
Environmental movements were at the edge of the system until today. They were opponents. But it appears that they will from now on be at the very core of the system. 21…
Venezuelan Central Bank will purchase GDS; what about the CBRT?
Venezuelan National Assembly amended the Central Bank of Venezuela (BCV) Law this week. According to this, BCV can now purchase government debt securities (GDSs). News…
Brazil’s credit rating increased; Turkey’s outlook turned to positive
Ramadan holiday must not make us ignore recent positive developments. It seems that things are beginning to get back on tract in the world; does not it? First of all,…
Do you follow the discussions in the US?
Nowadays United States of America (USA) does not discuss the 2008 crisis much. Three out of four headlines in the web site of White House ( www.whitehouse.gov ) is not…
It is OK for them, but what about our government?
Medium Term Fiscal Program (MTFP) began to be shaped. Now we at least know that there exists a text on which an agreement is reached "within the government" in general…
What is fiscal discipline?
Turkey overcame the 2001 crisis by tightening the belts. Base issue was the budget discipline. Now we are faced with the 2008 crisis. And we are at the beginning of a…
Do you follow the changing geography of overweight
Last week, we said that one billion overweight people all around the world can be taken as an evidence for the unsuccessfulness of economists. Our aim was to explain to…
What is the challenge faced in the tight space?
Today let us continue with the topic we started to talk about on Tuesday. The topic was the upcoming period. When you look around, Turkish government that reflected the…
Does economic policy space really tighten?
What should come to our minds when we hear that economic policy space tightens? I guess two things can come: First, there is no action to take in the current economic…
Immediate cost of not signing an agreement with the IMF is reflected in unemployment figures
Have you read the news analysis on Turkey recently published in New York Times (NYT)? The analysis emphasized that Turkish government, who made a bet by not signing an…