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The Kapali Carsi

  • Quantitative easing III: Boon or bane for Turkey?

    As you may (or may not) know, Economonitor is running a special topic this week: “Is QE3 harmful or beneficial to other countries?”. Therefore, as their in-house Turkey blogger, I decided to write about the same topic in my Monday Hurriyet Daily News (HDN) column- hitting one bird with two stones, as we Turks say:)… [...]

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  • Central Bank of Turkey Inflation Report: An inflation report not about inflation

    Of course, I am being sarcastic. The Central Bank of Turkey’s latest inflation report, which was introduced yesterday by Governor Erdem Başçı, was naturally true to its name. Here’s the intro. to my Hurriyet Daily News (HDN) column, where I discuss the Central Bank of Turkey’s latest Inflation Report. I chose that particular title because [...]

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  • Friday I’m in love (with the Central Bank of Turkey)

    I could not think of a better inaugural Friday column than Turkish monetary policy, given my extensive coverage of the topic. That is partly the Central Bank’s fault, as they have introduced quite a bit of innovation to a field usually deemed boring. Here’s the intro. to my Hurriyet Daily News (HDN) column, where I [...]

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  • Turkey Zindabad or, ‘in the bag’: Is Turkey getting investment grade soon?

    Happy families are all alike; every unhappy family is unhappy in its own way. Here’s the intro. to my latest Hurriyet Daily News (HDN) column, where I use the Tolstoy analogy to discuss how Turkish upgrade rumors created an euphoric mood in markets last week, and whether those expectations are valid. Here is the summary [...]

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  • Turkey: The president’s speech

    Nearly a fifth of President Abdullah Gül’s speech at the commencement ceremony of the Parliament on Oct. 1 was devoted to economics. Here’s the intro. to my Hurriyet Daily News (HDN) column from last week, where I discuss how the econ. parts of Gul’s speech. Before you go on with this addendum, you can (or [...]

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  • Civil war in Turkish economic policymaking

    The government announced tax hikes last Saturday in response to the deterioration in the budget, or maybe to fill the coffers for pork barrel spending before the upcoming elections. Here’s the intro. to my latest Hurriyet Daily News (HDN) column, where I discuss how the recent tax hikes surfaced the strife among Turkish econ. policymakers [...]

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  • Turkish Monetary Policy (and Currency Wars, the Fed, Central Banking and Other Stuff)

    I know, I know… Not the most exciting topic, but that’s where all the questions for me are coming from for the past two weeks, and that’s what I’ve been writing about in my Huriyet Daily News columns. So I intend to talk about Turkish monetary policy by taking those columns as base and then [...]

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  • Food (Prices) for Thought

    Farmers from the U.S. to the former U.S.S.R. have suffered from severe drought this summer. As a result, food prices soared 6 percent in July, after three months of decline. Here’s the intro. to my latest Hurriyet Daily News (HDN) column, where I discus whether the recent surge in food prices has affected/will affect Turkish [...]

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  • Ar’Che’typical approach to capital flows (to Turkey)

    In one of the hit songs of the musical Evita, Che sings that “when the money keeps flowing, you don’t ask how.” But that’s exactly what I am planning to do. Here’s the intro. to my latest Hurriyet Daily News (HDN) column, where I discuss why Turkey is attracting so much money. After describing the [...]

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  • Surely you’re joking, Mr. Basci!- on Turkish monetary policy

    First, of all, it is not Mr. Basci, it is Dr. Basci, as Indiana’s sidekick insisted, but so was Feynman, or maybe not- I think the incident that gave rise to the title of the book happened while he was still in grad. school. Actually, Dr. Basci was not even at today’s Central Bank of [...]

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Ed Dolan Ed Dolan's Econ Blog

Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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