Fatih Özatay, PhD
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But, everyone makes mistakes
Basis S2 S3 S4 S5 * Real % change in the end of 2009 compared to the end of 2008 Public expenditures Export of goods and services Corporate credits Consumer credits 7.5…
Growth analysis with two dual character
Yesterday rate of economic contraction for 2009 was announced: 4.7 percent. Contraction is lower than expected. Upon newly announced figures, formerly declared gross…
Greece will take a deep breath, but will not be in comfort
The preceding week was quite critical for Greece. The decision European Union will make in the Euro-zone country leaders meeting last week was of vital importance for…
Incentives and institutions
Incentives have a critical importance in economic theory: they determine individuals' behaviors. For instance level of development of an economy is related with the type…
Countries other than Turkey take measures against unemployment
After the deep crisis in 1997, unemployment rate in South Korea jumped from 2.5 percent in 1996 to 7 percent in 1998. With the policies implemented that point onwards,…
Our 'deep' problem and 2015
Good news was heard from the Standard and Poors who increased Turkey's credit grade. Turkey's performance is quite pleasing given that some EU member countries also in…
The vitality of fiscal rule
We know that politicians can pursue practices that distort economic stability in order to stay on power. There are a number of institutional and applied studies…
Development gaps and institutional structure
After the World War II, Korea split into two. In 1948 when the split actually took place upon the elections carried out in the South, level of per capita income was…
Independence, fiscal rule and credibility
In democracies, governments in power naturally have concerns about getting reelected. Studies on political economics reveal that aiming for reelection can lead to…
Budget transparency
Fiscal rule came to agenda once again last week in Deputy Prime Minister Ali Babacan's meeting with economy editors, and was widely featured on the media since then.…
Do development gaps depend on geography and culture?
We should not be fed up with presenting this table that shows development gaps between countries; because it is quite impressive. It successfully summarizes the…
Which EU?
Which EU do we want to join? First, I want to remind you of two points: this commentary is solely on the economic realm. Second, I am not an EU expert. I started to take…