Fatih Özatay, PhD
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Does Turkey encourage hot money inflows?
The question I want to answer is whether the Central Bank’s actions fit the purpose of not. Let’s say that you are considering bringing short-term funds to Turkey in…
Because we said so, that’s why
This year, a system resembling the old one, which was not only unfair but also bad for education quality, was introduced without notice. Parents spend a lot so that…
How to raise the savings rate?
With a longer-sighted perspective, it is clear that the way to leap to an upper league passes through anti-informality measures among others. It was three weeks ago when…
5 percent? 6 percent?
No country can sustain such a high current account deficit over GDP ratio for a decade. Given the radically low domestic savings rate, current account deficit has to be…
Harder to raise reserve requirements
The latest industrial output figure might hinder a decision to raise the required reserve ratio. In the last quarter of 2012, industrial output increased only by 0.3…
The dangers of praising
Industrial output growth was the lowest in the fourth quarter. Hence, GDP growth rate might be lower than expected. In December, industrial output shrank year-on-year by…
The current picture concerning the CB's targets
If the appreciation pressure becomes more prominent by the time of the next MPC meeting, the CB will start to respond more aggressively. Today I would like to address…
Reducing the entire year to December
In the last months we were told that inflation decreased remarkably although nothing had changed in the course of inflation since 2009 The inflation figures for January…
Foreign trade figures and growth
Recent developments did not alter the 4 percent growth forecast for 2013. Foreign trade figures for 2012 were released on Thursday. In line with the global…
The Shanghai Five
As our ancestors have successfully explained, the rotten apple injures its neighbors The Shanghai Cooperation Organization (SCO), originally called the Shanghai Five,…
Initial figures on 2013
The fact that no evident recovery was observed in the fourth quarter of 2012 does not endanger the expected 4 percent growth rate in 2013 Last week two important data,…
Growth constraints and shopping lists
Certain items on Turkey’s “shopping list” can make sense only in combination with complementary factors. Average GDP per capita growth was higher in Turkey in the first…