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What does the referendum results imply for the economy?
The referendum following the Ramadan Festival brought about a strong 'yes'. In my consideration, voters stated that they are satisfied with the conditions in general.…
Do those who talk through their hat know?
Let me begin with a quotation from an academic research published in 1995: "There is remarkably little evidence that macroeconomic variables have consistent strong…
The crisis hits the ballot box
Do you follow the election campaigns? Turkey is now surrounded with the election atmosphere. Do not get tricked that it is the referendum that will be carried out and it…
Inertia of economic policy
If you are of belief that the market mechanism should not be intervened in and that the economy will reach the equilibrium in its own dynamics, you do not have to worry…
Another duty loss?
I would like to start with the commentary of Hasan Ersel published in Referans daily on September 1 st . He examines by various angles the decision that cuts the…
Rise in profits of the corporate sector does not necessarily imply that things are on track
My favorite news features from the last week was those which read "We could not see what the Honorable Prime Minister saw; we did not notice that the crisis missed…
CBRT needs a new implementation framework
The following sentences are retrieved from the second page of the first inflation report published by the Central Bank of the Republic of Turkey (CBRT) in 2010: "The…
The story of “No” in Turkish-American relations
They say, every no is a blessing. Although the Prime Minister of Turkey has been walking around saying "yes" throughout the country, Turkey is recently famous around the…
Ensuring shift of axis
In politics we frequently hear the argument 'We follow from so-and-so.' They put this argument to pride on. But were those who are followed really successful? On which…
Rising input costs are of key importance for the exchange rate debates
It is like we are living in a global Hodja Nasreddin anecdote. We get amused for finding what we had lost. The world has been trying to compensate for the loss of the…
“It is not that we became fake exporters although Turkey has a solid industrial policy”
Recovery in Turkey's economy since the end of the first wave of the 2008 crisis relies on domestic demand. The recovery in the export markets is relatively slower. Here,…
Missing out the phenomena
I started to write a series of commentaries on inflation targeting regime of Turkey. I mentioned some important points on Sunday and Monday. Today I will give a break…