Fatih Özatay, PhD
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Degree of naivety...
I really cannot believe some certain things. I have worked as a bureaucrat for many years. And I have been living in Ankara and smelling the bureaucracy for many more.…
What cannot be the subject of the dispute?
I do not know the subjects of the disputes with the IMF. I would like to select and comment on two subjects addressed by the media. I remember reading some texts that…
Unfortunately, it seems like we are right...
In general, when conducting macro-level analysis, we group the economy under sectors; for examples public sector, the central bank, banks, corporate sector, households…
Uncertainty: Will EU reforms continue?
In my last commentary, I tried to shift my focus away the crisis and addressed the medium-long run and thus the issue of reforms. Among the barriers beyond the…
When the EU seems to come up in the agenda...
Currently, we are wondering what will be the magnitude of the economic contraction in 2009. The only thing we care about is whether we can decrease the size of this…
This was exactly what we needed now...
Global shock, and the big earthquake and then the global crisis and recession... We have been using these phrases since recently. However, we were talking about how…
Need for a nut-case team
Among the most unpleasant aspects of this crisis for Turkey is that it creates a great ambiguity that we cannot and will not be able to control. Measures are taken…
Need for an integrated approach
We shall not pin our hopes upon individual solutions in the period of crisis we are going through. This fact was relevant even for four months earlier, but it is much…
Search for a bridge to the other side
I have been repeating after and after that the global crisis will affect Turkey through four different channels. There are measures to tackle with the first three,…
Two years lost
I know that my recent columns are depressing, but so is the current situation not only in Turkey but throughout the world. The additional depressing factor in case of…
A bit of geometrics: Circle and chord
Note: Tangent is the line passing through a point on the circle. Chord is the line segment linking two points on a circle. The longest chord of a circle is the one…
Optimistic growth estimations
Estimations for global growth are continuously pushed down. For instance, IMF recently stated that the new estimations to be announced this month will imply relatively…