Fatih Özatay, PhD
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Possible theoretical developments
In the upcoming period, feverish endeavor is ahead economists. In particular in macroeconomics, new models are possible to be developed. In some macroeconomic models,…
Crises and insolvent banks
There are numerous rumors about when exactly the global crisis emerged. There are people that assume it as the end of 2006 as well as August 2007, as FED Chairman…
Production loss
I also mentioned recently; in abnormal periods, it is not enough to evaluate the changes in production in comparison solely with the same period the year before. In…
Again on tax cuts
Here comes another commentary on the developments in automotive sector as it became a tradition following the special consumption tax (SCT) cut decision introduced in…
Problem in the quality of education
Economic theory says that enhancing the skills and knowledge of people to a higher level is the most important factor that will improve the level of per capita income…
False interpretation
Probably the depth and duration of the latest crisis have depressed us so much that we have gone back by at least 15 years in the interpretation of simple production…
Rate of contraction decreased
In June fall in industrial production has lost pace and realized at 9.7 percent making us happy. Industrial production has been falling since 2008 August; of course…
Being not ready for rainy days
September 12 coup led to a severe destruction in universities. Among the most destructed was Ankara University Faculty of Political Sciences (Mulkiye). Yilmaz Akyuz, a…
Is the fall in interest rates a good sign?
In my last article, I argued that the reason behind appreciation trend of Turkish lira or the downward trend in interest rates is the absence of a solid economic policy…
Drops in interest and exchange rates: What do they indicate?
We also saw this after the 2001 crisis. Exchange rate that started to rise continuously after the crisis began to fall down with the last months of the year. With the…
Informal economy and unemployment
Yesterday I mentioned how fighting with informal economy becomes more unavoidable for Turkey day by day. And obviously, the way to start the fight is launching a tax…
Starting with the informal economy?
Economic policies to increase domestic savings rate are discussed increasingly in the recent period. Korkmaz İlkorur, who frequently emphasizes that Turkey has to go…