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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...

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....

Have you read the news analysis on Turkey recently published in New York Times (NYT)? The analysis emphasized that Turkish government, who made a...

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....

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...

What is expected happened. Liberal Democrats that have been ruling the country for almost five decades lost the elections in Japan. Now,...

There is a vast literature for the economic policies implemented for politic purposes and the results of those policies. Numerous theoretical...

In the upcoming period, feverish endeavor is ahead economists. In particular in macroeconomics, new models are possible to be developed. In some...

The people of this region have an endless passion for being at top. It is always important to be THE first, at least to be among the top five or...

FED Chairman Bernanke will pursue his duty for another period. Bernanke was an academic that studied on Great Depression period of 1930s. Now in...