Fatih Özatay, PhD
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On tax revenues
We can achieve Ireland's tax revenue/GDP ratio for 2008, for instance. This corresponds to a 4.6 points of improvement in the ratio relative to the GDP. Having examined…
Per capita incomes revisited
Over the last three decades Turkey did not make as much progress as Korea and Ireland in terms of per capita income by purchasing power parity. I am keeping the promise…
Different income comparisons
'Corrected' income figures calculated on the basis of the prices of goods and services and of the methods also differentiate. Comparison of per capita income across…
Egypt and Tunisia: Some other indicators
It is not possible to explain the recent movements in Tunisia and Egypt referring only to economic indicators. I want to address some other indicators on Egypt and…
Were interest rate decisions made by a single official?
The claim that the interest rate decisions are made by a single official probably stems from the fact that in the implicit inflation targeting period the decision was…
For the CBT not to be questioned
The CBRT needs support in ensuring quantitative tightening. Otherwise the new policy framework will further be questioned. Last week two important indicators were…
Egypt and Tunisia: Two indicators
Based on my observations on the streets, Egypt and Tunisia appear as poor countries. I have no data on income distribution. Today I want to examine two macroeconomic…
The Central Bank’s dilemma with a different perspective
After the latest decisions of the Central Bank of Turkey (CBT) mixed fund costs were calculated several times. These are not meaningful in regular countries.' Imagine a…
How to make a pass?
The political authority must introduce measures discouraging short term capital inflows. What was the main problem of the currently implemented monetary policy? The…
Since there is no one to pass the ball at...
'Should the BRSA step in, the contradiction would be eased. To completely eradicate the contradiction, political authority must also get involved.' 'The…
The Central Bank’s actions might work in the adverse direction
'The BRSA must step in. Otherwise might appear the risk that the steps by the CB not only proves ineffective but also works in the adverse direction.' I am getting quite…
What does the CBT do?
The CBT has not yet introduced required reserves for weekly borrowing from the CBT. The Central Bank of Turkey (CBT) employs inflation targeting regime to enable price…