Fatih Özatay, PhD
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Let’s hope that international conditions do not deteriorate in 2013
Domestic economic policy will make a limited contribution to growth. All we can do is hope that international conditions do not deteriorate In the first three quarters…
How is the atmosphere lately?
The recent upward trend in foreign fund inflows to Turkey will continue and maybe strengthen to some degree. On Thursday I said that I will write on the steps that…
German court has saved the Union
Recent decisions of the ECB and the German Constitutional Court have prohibited things from getting worse. The German Constitutional Court has dismissed the rejections…
Growth rate significantly below the potential
Second quarter’s growth rate is substantially below the potential rate of 4.5-5 percent. During July, I speculated on growth rate of the second half of the year. Here is…
Self-criticism over gold trade
Temporary changes in gold trade overstate both exports and imports. Gold exports and imports became a hot issue once again after the latest foreign trade statistics were…
Inflation, exports and FED President Bernanke
From an academic perspective, Bernanke’s remarks on monetary policy were critical, but he didn’t say anything new from the perspective of financial markets. Goodish and…
Not back to the salt mines yet
Heavily discussing latest ECB and FED decisions, Turkey will come and go back to the salt mines. The school year is starting next week. Ankara will liven up soon.…
Trying to avoid the damage
Government bonds and collateral the ECB received for similar operations will decrease in value and thus the ECB’s capital will shrink. Right after the 2001 crisis, the…
Fearing the inevitable
In that case, Europe would fall into an even bigger trouble. If so, who will reimburse the damage done to the ECB? Why the European Central Bank (ECB) doesn’t initiate…
What can the ECB learn from the CBT?
The operation economist have for long been asking from the ECB resembles that the CBT had launched in 2001. One of the main pillars of the economic program initiated…
Lessons to learn from Turkey’s experience
Expectations can severely impact the economic outlook even if economic fundamentals are stable. I mentioned that a multiple equilibria can arise depending on how…
Finland adding fuel to the flames
I am wondering if Finnish doesn’t have an idiom standing for “adding fuel to the flames.” I wish you all a happy Bairam, free of “bad equilibria.” The headline of a news…