Fatih Özatay, PhD
Page 28 / 61
Some observations on the MTP-2
Unless economic units address and evaluate these details, the MTP might turn into a poem of desires that reads “productivity will increase, and Turkey will grow…
Some observations on the MTP
The five-year average to be witnessed by 2014 will be a historic record for the Turkish economy. Last Thursday 2012-2014 Medium Term Program (MTP) was announced. The…
Two points about balance of payments
The development in August might turn into a trend as long as Merkel and Sarkozy manage to “skillfully” continue to swing the lead. I have not been talking about balance…
Speed is not always bad
The most unpleasant challenge to this type of economic policies is the sudden reversal of the economic circumstances. Industrial production index figures for August were…
Which one?
The objective of the CBT to limit the credit expansion was relevant. But why did the BRSA not take the decision needed so as for the CBT decision to work? News spread…
Exchange rate movements: why different now?
Global risk perception is high and capital is heading towards safe havens. Exchange rate has been moving up for some time now. On Tuesday, the value of the Dollar-Euro…
Shining like a star
The gap between per capita income in developed countries and in Turkey did not narrow down despite the 4.8 percent average growth. In his inauguration speech for the new…
Proposed solutions to reduce risks
IMF asks for the decisions declared after the summit on July 21st to be ratified completely. The world is faced with two major risks, one related to Europe and the other…
Deepening pessimism of the IMF, and Turkey
How should Turkey respond if the risks the IMF highlighted become reality? First it is necessary to stress one point: The Turkish economy will be sound and safe if the…
An assessment of the IMF's recommendations
Turkey does not have the chance to put price stability on the back burner or give such impression. Now it is time to assess the policy recommendations of the IMF for…
IMF marches to a different tune regarding the monetary policy
The IMF does not agree with the CBT though its gives their due. The IMF announced the preliminary conclusions of the 2011 Article IV Consultation report on Turkey on…
How should the new monetary policy be?
Risk-lover financial sector and asset price bubble had revealed that the “conventional” monetary policy will no longer be sufficient. Thanks to the Central Bank of…