Fatih Özatay, PhD
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Missing out the phenomena
I started to write a series of commentaries on inflation targeting regime of Turkey. I mentioned some important points on Sunday and Monday. Today I will give a break…
Significant deviations in inflation targeting
Turkey's experience with the inflation targeting regime initiated in January 2006 goes as follows: First, there is a significant difference between realizations and…
Investments recover reluctantly
We all know that investments contract significantly in crisis periods. Consumption decreases less then investments do. The reason is obvious: a large proportion of…
Single tool, three goals
It can be argued that the stability program supported with the structural reforms initiated right after the 2001 crisis outdated around 2007, though it is hard to…
One stone, many birds
With a couple of commentaries I opened to discussion what can be done in the context of the monetary policy against the appreciation of the lira. A number of are…
What happens to agricultural employment?
I really do not know much about the agricultural sector and I do not generally assess data on the agricultural sector. Nonetheless, today I want to write some comments…
Important developments of the week
Considering the important events of the last week for the economy, two issues come to fore though not much exciting: The postponement of the negotiations in the National…
Finally, Turkey enjoys net foreign fund inflows
Today is again the day to comment on the recently announced data. A couple of days ago balance of payments data for May was announced. As we have been underlining, the…
Swinging the lead
An inflation targeting regime that takes into account the real value of exchange rate after ensuring a low level of inflation. A regular foreign exchange purchase…
Estimating the past
Turkey's economy did not grow in the first quarter compared to the previous quarter. Last Thursday I made an assessment about economic growth for the second quarter as…
All we need is courage
I guess most of you are aware that the wave of optimism of the late 2009 that the world economy will recover and growth rates will reach to reasonable levels is not felt…
Second quarter will go well; but then what?
Today I am interested in the future growth performance of Turkey. At the first stage, I will focus on recent data and try to find out whether or not there will be a…