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A long way to go
For the consumer price inflation to decrease to 5 percent, headline inflation must decrease to 3 percent. I want to continue with inflation dynamics from where I left on…
Erdoğan’s order, laws and the Turkish Armed Forces
Although the negotiations between Turkish Prime Minister Recep Tayyip Erdoğan and Abdullah Öcalan, the jailed leader of the outlawed Kurdistan Workers’ Party (PKK)…
A new perspective on inflation
Global competitiveness cannot be improved simply by intentionally pushing up exchange rate. The concomitant inflation hikes offset the competitiveness effect. The rain…
As we live longer, why don't we get wealthier?
If the investment climate puts a country’s entrepreneurs down and out, that country cannot make the leap to prosperity. This is what I have been occupied with lately:…
The economy grew only by 2.2 percent in 2012
Is Turkey’s sustainable growth rate so far assumed to be at the 4-4.5 percent interval declining? Gross domestic product (GDP) figures for 2012 were released yesterday:…
Mending Israel-Turkey ties
I was in Israel last week, right after Israel’s apology for any wrongdoing during the Mavi Marmara incident. Indeed, Turkey deserved an apology for the incident long…
Turkey’s fertility rate is now same as that of Sweden
Forty years ago, the fertility rate of Sweden was two while it was five in Turkey. Sweden has maintained the fertility rate of four decades ago while that of Turkey has…
Required reserve ratio policy might “throw a curve”
If the motivation for the latest MCP decision was proper, so was the decision not to raise reserve requirements. I openly stated on Tuesday my expectation about the…
The PKK’s military capacity and the withdrawal process
Öcalan declared the first step of the negotiations a ceasefire to be followed by the withdrawal of armed militants from Turkey. Karayılan announced that the organization…
Turkey had a chamber of commerce before it had tea
Each province and town in Turkey has a state house, a military headquarters, and a chamber building. Drinking tea all day is an integral part of our tradition. If a…
It is dubious whether recovery has started
There isn’t yet any strong sign of moderate economic recovery having started in the first quarter I will make a pause on the series about the widening gap between…