Fatih Özatay, PhD
Page 48 / 61
Third ‘traditional’ weekend commentary
Since we said 'traditional', let it be the third than the first one, so that it goes with the meaning of 'traditional'. With the global crisis, criticisms of chief…
Back or forth in time?
After the rapid rise in October, industrial production increased at a limited rate in November. On the other hand, capacity utilization rate increased considerably in…
Growth threshold to reduce unemployment
Recently, a number of estimations on 2010 growth were made. The common feature of these estimations is that they are all above the official estimate given in the Medium…
Faith in market
In the last days of 2009, I mentioned that the economic theory is going through hard times. This is particularly the case for macroeconomic theory which tries to explain…
So, is this how it ends?
What was the magic phrase of the program implemented after the 2001-crisis? It was 'fiscal discipline'. In the aftermaths of the crisis, we first had to put off the fire…
Measures against low exchange rate
The last two commentaries of 2009 were an introduction to what measures can be taken against the appreciation of Turkish lira. The first commentary asked what we would…
The New Year
First commentary of the new year... You have to create a new folder under the 'documents' folder and name it. It is easy when you say: 'Radikal2010'. I have a separate…
New economic story and low exchange rate
I will continue from where I stopped on Monday. The question was: if Turkey gets an 'economic story' and as a result if the lira tends to appreciate, can we increase…
Control on capital movements
The question is what will we do if Turkey manages to create a new success story and thus the Turkish Lira tends to appreciate? In fact, let alone the creation of a new…
Again on the earthquake of the economic theory
Mainstream economic theory is under crossfire. It is not possible to analyze the crisis using the existing models: those models do not include the financial system,…
Can we save 2011?
Thinking on the potential growth rate of economy in 2011 makes me pessimistic to a certain extent for two reasons. First, general elections will be held in 2011 if not…
Economic theory is shaken
The global crisis has innumerable adverse outcomes. One among these is that the settled economic theory was shaken harshly. Economists now even more frequently discuss…