Fatih Özatay, PhD
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What will happen in 2010? (1)
Now it is time to answer "What will happen in 2010?" question. Before estimating the pace of growth in 2010, it is necessary to form some scenarios. Determining the pace…
How will Turkey’s exports be shaped?
My last commentary ended with the question 'What will happen in 2010?' To answer this question, it is necessary to provide growth estimations under alternative…
We are still transferring funds abroad
Will Turkey achieve the widely expected positive growth in the fourth quarter of 2009? What will be the growth rate in the coming quarters? To answer this question, I…
Credit market gives mixed signals
Generally accepted opinion was that we would see positive growth rates as of the last quarter of 2009 both for industrial production and national income. The main idea…
Does the expected recovery take place?
In the last two days, important production data was announced: September industrial production index and October capacity utilization ratio. These two series in general…
Turkey was affected severely, because...
Compared with historical average growth rate, Turkey is one of the countries demonstrating the worst performance among countries in the same group. For instance, among…
Why were we affected this severely?
Table 1 gives the difference between estimated 2009 growth rates and average growth rate for the last four decades for certain countries. Those countries were not…
We should not curse inflation targeting regime
On Tuesday October inflation rate was announced; we learn that the pace of increase in consumer prices is 5 percent. I have not been talking about inflation for a while.…
100 flowers 100 theories
Normal 0 false false false EN-US X-NONE X-NONE It is apparent that the economics is going through tough days. The problem is not only that there were few economists that…
When will the early elections be held?
News that early elections can be called started to come to the forefront. What can be the date of early elections? Of course this question has various dimensions, but I…
That fund problem
You have read several times at this column that Turkey's response to the crisis is 'too late, insufficient and partially at the wrong direction'. I tried to touch upon…
Important problem of central banks
For a while, I have been touching upon an issue that is big of a problem for the implementation of monetary policy. The fundamental question was: Should monetary policy…