It is time for self-criticism. But please hear my version of story first and then decide. To be continued. If I were you, I had long ago asked...
The CB’ decision will increase the predictability of short term market interest rates. From one perspective, this in a sense indicates a return to a...
Does Turkey implement any anti-inflationary policy that we expect a “permanent” drop in inflation rate? ‘Success = Talent + Luck’ ‘Great success = a...
There is a regression to the mean. This is not the fate of Turkey, of course. What we need is to realize that the past is gone and make a fresh new...
A significant decline in net capital inflow implies hikes in exchange and interest rates and drops in domestic credit growth rate. Turkey spends a...
Why is Turkey’s financial system, which is strong and generous enough to extend million-dollar loans for shopping malls, not as generous when...
Quarterly annual growth rates were so modest that cumulative nine-month figure was lower in 2013 than in 2012. In September industrial output...
You can take a month of low inflation and proudly say “we achieved the lowest inflation ratio of the last something years” for instance. I want to...
One way to end the erosion of monetary policy credibility is to state a higher CPI target. One should either keep his or her promise, or make...
If the sum of consumption and investment is higher than the GDP, current account will be negative, implying that the country did not spend according...