EconoMonitor

The Kapali Carsi

  • Lessons from the fall of the Wall for Turkey

    If you fell into a coma in East Germany in October 1989 and woke up a few months later – like the protagonist’s mother in the German movie “Good Bye Lenin!” – you would find yourself in a completely different country. This is the introduction to my latest Hurriyet Daily News (HDN) column, where I […]

    More ›

  • Turkey: I see debt people

    In my latest Hurriyet Daily News (HDN) column, I argue (with data, as usual) that despite the recent pullback in credit growth, debt is still an important issue in Turkey. I show why low stocks of debt are misleading, and that several indicators point to a growing problem. Anyway, you can read the whole thing […]

    More ›

  • Turkey’s (Erdogan’s) Ak Palace and the new Reich Chancellery

    Hello Again after another absence from blogging. I return thanks to my beloved Hurriyet Daily News (HDN), as I explain below. But I will try to stick to blogging regularly this time around. Below is what was supposed to my HDN column for today. However, when you buy the paper today or when you go […]

    More ›

  • A take by economists on racism in the US

    The trial of Ali İsmail Korkmaz, the university student who fell into a coma after getting beaten by plainclothes police officers during the Gezi protests and died 38 days later, continued last week. Across the Atlantic, a Missouri grand jury decided not to indict a white police officer over the fatal shooting of an unarmed […]

    More ›

  • How Turkey will not escape the middle-income trap

    In the concluding statement of its 2014 Article IV Mission to Turkey, which was released on Oct. 3, the IMF noted that without structural reforms, Turkey was likely to be left in a middle-income trap as a result of slowing growth. Here is the introduction to my latest Hurriyet Daily News (HDN) column, where I […]

    More ›

  • I am back… with my latest HDN column and blogging from the IMF-WB Meetings

    Just a short note to say that I am back… It has been a very busy couple of months, but I will try to continue blogging regularly from now on… I will be posting an addendum to my latest Hurriyet Daily News (HDN) column either later today (Monday) or tomorrow to for an official kick-off. […]

    More ›

  • The poor should die!

    I did not write about the Turkish economy for a change in this week’s Hurriyet Daily News (HDN) column: Inspired by a a YouTube video, I decided to write about the history of economic thought, at least one particular episode in that history. Anyway, you can read the whole thing at the HDN website. I […]

    More ›

  • Turkish monetary policy exacerbates inequality

    In my previous Hurriyet Daily News (HDN) column, which I also posted here, I illustrated the difference between market and academic economists (or economics columnists) by explaining what the Central Bank should and would do at Thursday’s rate setting meeting. The Central Bank did cut its policy rate by 50 basis points as expected yesterday, […]

    More ›

  • ‘Should’ Turkish monetary policy

    In my latest Hurriyet Daily News (HDN) column, I discuss what the Central Bank of Turkey should do at Thursday’s rate-setting meeting- versus what it will actually do. You can read the whole thing at the HDN website, and I have a few additional points to make. First of all, I was planning to write […]

    More ›

  • Turks Richer: They just didn’t know about it!

    In a recent speech, Deputy Prime Minister (and economy czar) Ali Babacan noted that Turkey’s average per capita income now exceeded $19,000. He was talking about purchasing power parity (PPP)-adjusted numbers, but this figure seemed way too high to me,  and so I decided to check: According to the IMF’s most recent World Economic Outlook […]

    More ›