Fatih Özatay, PhD
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Importance of the institutional structure
The Sunday commentary of the last week ended with the following questions: Why are there such significant income gaps between different countries? How did some countries…
Is a way out for Greece without the IMF likely?
Greece is in the Eurozone. Therefore, it has more obligations to fulfill compared to other EU member countries. Particularly there are public budget and public debt…
Greece should sign a deal with the IMF
The world has been facing interesting developments. The state of affairs in Greece is of greater importance for Turkey. It will be useful to discuss under which…
The economy recovers, but...
On Monday a critical data was announced. Industrial production increased by 7.5 percent compared to the same period in the last year when elements like seasonal factors…
300 liras per month for an unemployed household
As we read at Murat Yetkin's commentary on Saturday, CHP (Republican People's Party) President Me. Deniz Baykal declared the first promise of his party for the…
USA-Turkey: Medium term budget
On Monday, US budget for 2010 fiscal year was declared. According to this, the budget which recorded a deficit of 10% of the GDP in 2009 will have a higher deficit in…
How the fiscal rule will be fulfilled to is also important
Relevant bureaucratic units are carrying out extensive studies on fiscal rule for a certain period. The fiscal rule issue is also prone to discussions. The framework of…
Why do many economists think inside the box?
I would like to start with a 'very difficult' question: How do you indicate the TL value of oranges that worth 5 liras per a kilogram in short? You say 5 liras/kg,…
How to ensure the credibility and sustainability of the fiscal rule?
I would like to join others in writing on this issue; so that the readers of this column will understand that I also attended 'the meeting'. 'The' meeting was hosted by…
Borrow in foreign exchange, avoid liquidity
You cannot understand what you read if you are thinking something else. At least this is the case for me. As I nowadays have a busy life, I thought that I misunderstood…
Efficient financial markets
Eugene Fama has recently cancelled his subscription of the Economist magazine. The Economist has recently published a several articles on financial market bubbles. Fama…
A new retail confidence index
We can say there is a consensus among economists that in 2010 Turkey's economy will grow at a rate close to long term average growth rate. This will to a large extent be…