Fatih Özatay, PhD
Page 22 / 61
Incentives
The main difference between the new and the old system is that the former incentivizes “strategic investments.” Last week I attended a conference at Uludağ University.…
The battle was not over yet
Growth has been slowing down, which will ease the CPI. Yet, CPI realization will most probably be significantly above the CBT target. Thank God, high inflation rates are…
Growth: Now “less unsustainable”
Growth will not fall down steeply as it was once feared. 3-4 percent quarter-on-quarter growth ago seems more probable. Growth figures for 2011 were finally announced.…
As pessimism is rebounding...
Between mid-January and March 21, the Central Bank of Turkey kept the short term interest rate at 7.5 percent. The rate currently reached 10 percent. Foreign trade…
Tommy Suharto, Saddam and Cairo's misery
The authors’ answer as to where the fortune of Suharto’s son came from applies for other countries, too. Putra Suharto, known with the name Tommy, is son of former…
Corruption economics
The productivity of an organization is related to the level to which its employees have internalized its objectives. I am in Cairo to attend an academic conference. The…
Taxes and investment climate
Minister Şimşek stated that if a tax rebate was to be launched, the first step would be to cut taxes on employment. I did not listen to Minister of Finance Mehmet Şimşek…
Inflation must not be ignored
Purchasing power of the lira almost halved since January 2005, when six digits were deleted. Year-end inflation target is 5 percent. The Central Bank of Turkey (CBT),…
Continued on innovation
Prominent feature of the leading innovators is the high level of firm activity in innovative areas, high level of R&D funds in particular. Last Saturday, I talked about…
Turkey’s relative performance of innovation
The new seating and voting order the Education Commission adopted will definitely contribute to Turkey’s position in the 2012 innovation index. I gossiped on the current…
How to avoid head trauma
It is useful to keep in mind that fiscal policy can be a strong tool to slow down the economy, when necessary. Please think, what would happen if the Fed signaled that…
Let’s hope for the best!
Since July, capital inflows have been standing below the amount required to finance the current account deficit concerning three-month cumulative figures. Yesterday,…