Fatih Özatay, PhD
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Unemployment resistant again
Before the global crisis, unemployment rate had stuck at 10.3 percent. Now unemployment rate stuck at a level 1 point lower. Labor force statistics for March were…
An exploration into new monetary policy
The study stresses that the CBT does not have at its disposal appropriate tools to fulfill the objectives assumed in the late 2010 with the new monetary policy…
A valuable discussion
Here is the main question: how can the CBT implement a monetary policy that targets price stability and financial stability at the same time. The June 2012 issue of the…
Imports and GDP growth
There is strong evidence that the downturn has not stopped in the fourth quarter as argued by officials and that the slowdown has been continuing. On Thursday, foreign…
The dangers of filling the “leisure time”
Addressing the leisure time issue with the wrong perspective and devising policies accordingly can harm the quality of education in Turkey which is already low. The…
Teachers and leisure time
You need better trained teachers and academics so as to offer better education. So, the “leisure times” of these profession groups must be assessed with this…
Completely out of control
“Just let it go and wait for the ECB to step in, monetize and pay their due debts." Spain’s prime minister Mariona Rajoy has called on the European Central Bank (ECB) to…
Caution: Risk of material fatigue
I hope the extensive use of the policy tool (the material) does not cause a fatigue. So, how everything started? Before the global crisis, many countries already had…
We are 16th now but used to be 15th
But what is the meaning of Turkey being the sixteenth largest economy for the man on the street? The answer is quite simple: it has no meaning at all. Sometimes – I hope…
Unemployment figures give the same message as output figures
Neglecting small fluctuations, we can conclude that unemployment rate has been stable around 9 percent for the last four months. Unemployment figures announced on…
Is it not as soft as expected?
The CBT will stick to the high-interest rate policy as long as the developments across Europe disturbs risk appetite. Now it’s almost the middle of the second quarter.…
Open the curtains already
Wouldn’t it be better if those praising an institution could open the curtain of their eyes for a minute when assessing the circumstances? To begin with, we have to…