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Cause of valuable Turkish Lira is the rise in unemployment
We are not accustomed to recessionary periods. No one has yet completely acknowledged that nothing will be the same. Everyone is waiting with hope to say "it was a storm…
Fund flows between states
The question we asked yesterday was: If in the 'new financial system' amount of foreign funds will be lower; how can we achieve high growth? Here, financial sector…
On savings rate
Low domestic savings rate and the problems it causes are being discussed more frequently in the recent period. I also wrote a couple of commentaries on this issue. There…
If the IMF is involved; savings problem changes its characteristics
Do you follow the "We need to save more" discussion? Lately, Kemal Derviş brought the issue forward. Hasan Ersel drew a good frame about the issue at his column in…
It is not in our culture, what can we do?
We lack an important skill. We do not know how to tackle recession under normal conditions. We do not have that feature in our culture. Until now, all recessions were…
I hope I am wrong
Krize karşı ekonomi politikası tasarımında ve uygulamasında çok önemli hatalar yaptık. Şimdi bu hatalar, büyüme hızımızı artırıcı politikalar uygulamamızın önüne önemli…
Do we deserve these?
First of all I have to apologize. I do not remember exactly how many columns I have written on the senselessness of automotive sector tax cuts. I argued that it will not…
Can compulsory military service be an opportunity for tackling unemployment?
Two developments have marked last week. First was the statement by Turkish Statistics Institute proving that unemployment figures go on climbing up. Since the beginning…
These tax hikes pushes up unemployment and down growth
Price raise decisions made in Ankara the day before at best represents panic. Private consumption tax for fuel was raised. Similarly, Value Added Tax imposed on food and…
Rising household savings rate in the USA is boding
And another country heard from. Household savings of Americans reached a record high level in May 2009. While everyone was expecting them to spend more, increase…
Possibility of spinning rises
Unemployment data for April were announced yesterday. In the recent months it became a tradition to say 'as expected' each time new data is announced. There is still no…
What does the signature of the Nabucco Project mean?
First signatures for Nabucco Project were put down in Ankara. Representatives of the European Union (EU), Austria, Turkey, Bulgaria, Romania and Hungary came together in…