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Turkish lessons for the Eurozone crisis
Below is my Hurriyet Daily News column for this week, which you can also read at the Daily News website. I decided to give cheesy titles a short break, so this week’s title is right to the point. I have quite a few interesting additional comments, so there will be an an addendum, later today [...]
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The Cornered Tiger of Eurozone Monetary Policy
Below is the weekly guest column by Taylan Bilgic, which was published on Friday at Hurriyet Daily News. As usual, my comments are right below the column: [Mario Draghi delivered a positive surprise to the markets with a 25 basis points interest rate cut in his first significant decision at the helm of the [...]
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On Forecasting
I recently got an email from a reader, asking me if I had forecasts for the following variables: GDP (USDbn), GDP growth (%), Consumer Prices (%). Exports (USDbn), Imports (USDbn), Trade Balance (USDbn), Current Account Balance (USDbn), Current Account Balance (% of GDP), FDI (USDbn), TRY/USD, CBRT Policy rate. And not only for 2011, but [...]
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Turkey: Survey Results Show Market Support on CBRT Policies:)
This isn’t me; the title is actually from a report I received on the Central Bank of Turkey’s, or CBT’s, latest expectations survey. The author’s bold claim is based on survey results showing that 12-month ahead inflation expectations have barely moved… … and respondents seeing USDTRY at 1.76 one year from now. As for inflation [...]
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Tying up some loose ends on Turkish monetary policy
I have promised I won’t write Turkish monetary policy for a while, so this is my chance to tie up some loose ends as well as expand on this week’s Hurriyet Daily News column. To start off lightly, since I am banned from the Bank’s monthly meetings with bank economists, I did not hear about [...]
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Turkish Monetary Policy: Beyond the Apparent
Below is my Hurriyet Daily News column for this week, which you can also read at the Daily News website. I think most readers have had enough of my cheesy titles, especially after last week’s, so I took things a bit seriously this week. Well, not too seriously, as you’ll discover when you start reading [...]
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Modern times
Below is the weekly guest column by Taylan Bilgic, which was published on Friday at Hurriyet Daily News. As usual, my comments are right below the column: [Coupled with an immense concentration of capital in the hands of multinationals, the highly interconnected nature of today’s production lines is triggering events that would baffle any observer. [...]
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Back to Turkish Monetary Policy
Let’s start with some humor in last week’s surprise announcements at the Inflation Report. There were some quite funny tweets right after the Central Bank announced that it had two interest rates, the policy rate and the overnight lending rate, i.e. that the policy rate would now move in a band between these two rates. [...]
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Giving Turkish Monetary Policy a Break
I still have an addendum to yesterday’s Hurriyet Daily News column, which was also posted here, in the works, but I noticed all my past several posts have been on monetary policy, so here’s my Turkish data wrap-up, for a change, if nothing else: First, the September trade deficit came in at much higher than [...]
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Turkish Monetary Policy: Madness or Isparta
Below is my Hurriyet Daily News column for this week, which you can also read at the Daily News website. I continue with my cheesy titles, and this week’s is yet another movie homage. There is a long addendum with plenty of humor in the making, but here’s how my nightmare looks like: And the [...]
