We continue to stay at home and isolated during the corona days. We have very good opportunities at home to intertwine life with a little more science. When the restrictions are over, the opportunities that we can put in the first place of the isolation brought us. I think you started thinking about what could
Prominent U.S. think tank, the Atlantic Council, held a remarkable video conference on April 30, looking into Turkey’s relations with the U.S. as well as its economic trajectory. The meeting was striking because of two main reasons. The Turkish government wanted to be among the countries benefiting from the convenient SWAP option to ease the
In the inflation report that came on April 30, Turkish Central Bank (CBRT) revised its inflation forecast for 2020 from 8.2 percent to 7.4 percent. The forecast for 2021 is kept constant at 5.4 percent.How realistic is this revision? In the short run, the downfall in demand and the fall in oil prices may dominate
The Covid-19 pandemic has a growing negative impact on economies all around the world. In an earlier study, we estimated the possible output and employment effects of the Covid-19 pandemic in Turkey. Our predictions, based on an analysis using the 2012 IO table and the 2017 output and employment data, suggested that the non-agricultural labor
Does anybody remember the crises that the Turkish government had pushed to the forefront before the COVID-19 crisis blew up? We were kept on the edge of our seats by these issues presented by the government as matters of perpetuity, of life and death for the last independent Turkish state.Let me assist you to recall
With the coronavirus Covid-19 pandemic, we are facing a complex, versatile, case with a number of questions and answers. It may be useful to deal with the problem in two separate stages, as temporal and geographical.We are still in the process of experiencing the pandemic. We have no exact information about how and when it
Throughout the world, people are struggling to assess the consequences of the Covid-19 pandemic. From an economic perspective, most experts agree the crisis will have lasting negative effects. At the same time, the crisis has triggered some good news and a much-needed wake-up call as well.Let’s take a look.A simple GDP calculation tells us that
Why does Turkish President Tayyip Erdoğan has been targeting local administrations of the big cities so harshly? I can guess that you can count some reasons from not being able to control municipal revenues any longer to transfer those revenues to the potential vote base of the Justice and Development Party (AKP) in form of
Yes, April 22 is Earth Day! We are celebrating the day’s fiftieth anniversary! So how do we celebrate this important day? It seems that in the shadow of the COVID-19 outbreak, we are celebrating quietly, in our homes. We cannot even go out into nature together. But truth be told, we deserved this situation; we
COVID-19 has quickly become a global pandemic. The virus does not travel, but people do. And the virus is spread through contact with contagious people. Therefore, many governments resort to social distancing measures and some apply regional lockdowns. However, a significant slow-down of economic and social activities all around the world causes significant hardship for