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The Kapali Carsi

  • Chick-enomics

    Here is the intro. for my column to commemorate International Women’s Day… The sheer number of news articles and columns on International Women’s Day seems to highlight women’s woes in Turkey. … and here’s the conclusion: So by getting women into the labor force, we may be hitting two birds (no pun intended) with one [...]

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  • Orwellian Economics in Turkey

    The title is kind of misleading, as the column is not really about the economics of George Orwell’s novels. It rather uses two very famous Orwell quotes. First in the intro: At the end of George Orwell’s “Animal Farm”, we learn that “all animals are equal, but some animals are more equal than others.” What [...]

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  • Are Foreign Languages Useless?

    Turkey has a current account deficit because Turks don’t save, as I argue in this week’s Hurriyet Daily News column. Turks don’t save because… well… they speak Turkish!… That was one of the arguments in one of my recent HDN columns: Although he is being considered for the World Bank presidency, a very diplomatic position, [...]

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  • Greece, Europe and Turkey; Euro, Drachma and Lira

    I had two columns in the Hurriyet Daily News about the Eurozone crisis in the past few weeks. The first was titled Dra(ch)matic end to the Greek tragedy, with one of my characteristic word plays in the title: Receding fears of a Greek sovereign default lifted markets on Friday even though not all the details [...]

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  • Themes around Turkish inflation and monetary policy

    There were three important inflation developments this past week, and strangely enough, Friday’s actual inflation turnout was the least interesting one.  This is the intro. to my Hurriyet Daily News column on inflation developments from last month. You can read the whole column here. I would be doing a rather good job as a columnist [...]

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  • Back from the Dead!

    I have been absent from the blogosphere for quite a while: First, I had a really busy month in Istanbul, with quite a few really interesting meetings, which I will be discussing in the upcoming posts. To top it all, I had some medical issues, personal and family, which delayed the comeback I was planning [...]

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  • A Turkish perspective on the Fed

    Below is my latest Hurriyet Daily News column, which you can also read at the Daily News website. I have an addendum coming up very soon, hopefully tomorrow, where I will summarize the different arguments on the Fed’s actions, as I have read several interesting articles after this column was published…   While it may [...]

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  • Davos: Enjoy the Party While it Lasts

    Below is the weekly guest column by Taylan Bilgic, which was published on Friday at Hurriyet Daily News. No comments from me this time around, as I am too sleepy- it is past midnight in Turkey right now:) But my own Daily News column is about the Fed’s actions, so it will fit in with [...]

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  • IMF’s Turkey Article IV Staff Report: Grim Reading

    I spent the last couple of hours reading through the IMF’s Turkey Staff Report for the 2011 Article IV Consultation (and the accompanying documents). It is now exactly midnight, and the embargo on the document has been lifted, so I can publish this post:) Let’s cut down to the chase right away: I think the [...]

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  • More on The Great Gatsby Curve

    In this addendum to Monday’s Hurriyet Daily News column, which was also posted here at the blog, I would like to summarize the blogosphere inequality-social mobility debate that led me to write the column. I first noticed the Great Gatsby curve through Paul Krugman, as most other bloggers. As it got spread, a heated exchange [...]

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