Turkey Exceeded Growth Expectations: Is GDP just a number?
This week, TURKSTAT released its growth data for 2023. The Turkish economy grew 4.5%, exceeding consensus expectations of 3.9%. This...
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Turkish Central Bank Expected to Stand on Interest Rates Before Upcoming Election (or Why Central Bank Indpendence Matters)
Tomorrow, the Turkish Central Bank will announce its decision for its policy rate, in its final session before the upcoming local...
Why does the BLS adjust its inflation data, how significant is the adjustment this year?
The most closely watched proxy of inflation in the US is the Consumer Price Index calculated by the Bureau of Labour Statistics. When we...
How will the Change of the Turkish Central Bank Chief Impact the Economy?
Hafize Gaye Erkan, the chief of the Turkish Central Bank, resigned yesterday unexpectedly, citing personal reasons. The Finance Minister...
Head of the Turkish Central Bank Moves in with her Parents due to Istanbul 's Housing Crisis
After two decades of working in the United States as an executive in top firms such as Goldman Sachs and First Republic Bank, Hafize Gaye...
Turkish CPI Increased to 62% as PPI decreased to 42%
Inflation in Turkey, as measured by the TUFE(CPI) index, increased slightly to 62% annually in November, up from 61.4% last month....
Cities: The Greatest Invention of Humanity
The famous urban economist Glaeser calls cities the greatest invention of humanity, but why are cities so important? Short answer: They...
The end of Exchange-Rate Protected Deposit Accounts
The KKM, or the Exchange-Rate Protected Deposit scheme was introduced by the Turkish Central Bank in a move to protect the Turkish lira...
The Marshal-Lerner Condition and Turkey's Current Account Deficit
The Turkish current account deficit is not a new problem and it has been persistent even in the face of the falling value of the Turkish...
Best Econ Reads for an Introduction to the Field
On this blog, our main goal is to simplify economics to increase financial and economic literacy. Therefore I wanted to compile a mix of...
A Book That Will Make You Like Taxes and Redistribution: "Outliers" by Gladwell
We've all heard the classic argument for minimal taxation and redistribution of wealth: "In a university course, would you take from the...
Are negative rates over for Japan?
Japan has long struggled with growth, since the 'lost decade', the deep recession that the country went through in the 90s, Japan has...
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