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'IMF light' again after nine months
Discussions in Turkey so as to whether or not Turkey should sign an agreement with the IMF are posited over wrong grounds almost for a year. I believe that a substantial…
Turkey is overcoming the economic crisis: a new indicator
Oh God! How do I make this mistake? How did I miss the leading indicator showing that Turkey is about to leave behind the economic crisis? I apologize to you all. But…
Do you follow the changing geography of overweight
Last week, we said that one billion overweight people all around the world can be taken as an evidence for the unsuccessfulness of economists. Our aim was to explain to…
Things the meeting made me think
I was trying not to write about the top-topic IMF issue as it became highly boring and unpleasant. But, today I will write about the IMF. The reason is: On Monday, I…
What is the challenge faced in the tight space?
Today let us continue with the topic we started to talk about on Tuesday. The topic was the upcoming period. When you look around, Turkish government that reflected the…
Does economic policy space really tighten?
What should come to our minds when we hear that economic policy space tightens? I guess two things can come: First, there is no action to take in the current economic…
Economic opening
In a meeting last week, a businessman said "We also need an economic opening." This sentence is a nice summary of the current economic situation. There exists an…
Time for a new discourse
I still do not understand how Turkey will at least grow by a rate close to historical growth rate of 4.5 -5 percent in the couple of years ahead. And I guess this is not…
Immediate cost of not signing an agreement with the IMF is reflected in unemployment figures
Have you read the news analysis on Turkey recently published in New York Times (NYT)? The analysis emphasized that Turkish government, who made a bet by not signing an…
Limited things can be done in the short term
The time and the pace of the recovery from recession are now out of our control even partially. If we could have taken the control and make some decisions at the end of…
Change of era in Japan
What is expected happened. Liberal Democrats that have been ruling the country for almost five decades lost the elections in Japan. Now, Democratic Party of Japan will…
Fiscal rule and independence
There is a vast literature for the economic policies implemented for politic purposes and the results of those policies. Numerous theoretical studies have been conducted…