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Greece will take a deep breath, but will not be in comfort
The preceding week was quite critical for Greece. The decision European Union will make in the Euro-zone country leaders meeting last week was of vital importance for…
Incentives and institutions
Incentives have a critical importance in economic theory: they determine individuals' behaviors. For instance level of development of an economy is related with the type…
Please fasten your seat belts
Everyone has their own problems. If you hear the parties in struggle, they have fantastic claims and they think they are right. They are telling with passion the unfair…
Countries other than Turkey take measures against unemployment
After the deep crisis in 1997, unemployment rate in South Korea jumped from 2.5 percent in 1996 to 7 percent in 1998. With the policies implemented that point onwards,…
Obama continues with the stimulus packages
Did our focus shift from the crisis toward the budget recovery? Did the crisis management measures have lost place on the agenda and the time to eliminate the damage of…
Our 'deep' problem and 2015
Good news was heard from the Standard and Poors who increased Turkey's credit grade. Turkey's performance is quite pleasing given that some EU member countries also in…
Shifts to formal economy cannot be secured solely by the Ministry of Finance
This is the one inevitable discussion for Turkey. There exists a common belief that Turkey has high rate of informality. This belief is common though there are no…
When will Turkey have a technology firm quoted in NASDAQ?
This is the exact question of today. This is where the key to turn the 2008 global crisis into an opportunity lies. There are more than a hundred Israeli firms quoted in…
Why credits to SMEs drop while bank credits increase?
For a while I am trying to call attention to the dual structure of the recovery process. At first glance it appears that positive growth it achieved. After the rapid…
The vitality of fiscal rule
We know that politicians can pursue practices that distort economic stability in order to stay on power. There are a number of institutional and applied studies…
Development gaps and institutional structure
After the World War II, Korea split into two. In 1948 when the split actually took place upon the elections carried out in the South, level of per capita income was…
Independence, fiscal rule and credibility
In democracies, governments in power naturally have concerns about getting reelected. Studies on political economics reveal that aiming for reelection can lead to…