Fatih Özatay, PhD
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The tax issue
Let's say that you are aiming to boost domestic demand. What are the tools you have? Tax rate cuts, transfer of a portion of the budget to some sectors (increasing…
A sensitive story
We were living in Erzincan province. I and my elder sister were going to elementary school. After the school, my mother used to take us to day session of a movie from…
Is recovery without credit possible?
Latest changes on the volume of loans extended by the banking sector were as follows: First, volume of total credits neither had a downward nor an upward trend over the…
Instead of getting angry at banks…
No matter what type of accusations the officials bring against banks, I believe the essence of the issue is obvious for us: Loan market is different; it does not…
What is that banks have been putting us though?
Do you remember the 1994 crisis that Turkey skillfully created though no other part of the world economy was in crisis? The obsession before the emergence of the crisis…
Is the optimism grounded?
The number of positive opinions on both the global crisis and the Turkish economy has recently been increasing. A couple of commentaries that can be considered…
Decreasing automobile prices, rising unemployment
Not only I but also other economists have been discussing since the last autumn on the facilitation of the conditions for benefiting from the unemployment aid, extension…
Impacts of tax rate cut
Private consumption tax imposed on motor vehicles was cut as per a decision made on March 16. According to the March bulletin of Automotive Industrialists Foundation,…
On the possibility that we hit the trough
Today I would like to continue with favorable developments. It is still necessary to make a pick-up-with-tweezers operation; but it is okay; I take this trouble to find…
Favorable indicators
Today is Mother's Day; we would rather touch upon some favorable indicators after all of those pessimistic commentaries. Let us see what favorable development I can…
Behavioral differences among banks
As stated before, global crisis affected Turkish economy through four different channels. One of these channels showed impact in form of tightening of credits extended…
It is easy for China; but what about Turkey?
Global crisis revealed that most of developing countries must review their growth models. Take for instance the economies highly export-driven. If a crisis is not only…