Category Archives: Macro Topics
Impact of Terms of Trade on Turkey’s Current Account Balance
- Posted by admin
- Posted on May 29, 2013
- Competetiveness,Macro Topics
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Domestic demand’s rapid growth and the decoupling between domestic and external demand raised the current account deficit significantly in Turkey since 2010. However, developments in terms of trade (TofT) independently affect the external deficits as well. This note analyses analyses the impact of terms of trade on Turkey’s current account balance. In addition to decoupling […]
Turkey’s Sustainability Issue After the Rating Upgrade – Part II
- Posted by Pelin Dilek
- Posted on May 22, 2013
- Growth Indicators,Macro Topics
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What Does It Mean for Investments? Turkey’s investment to GDP ratio of around 23% is one of the lowest among its peers and it needs to increase its investment rate with an aim of raising the value added of its domestic production and hence exports. From a growth perspective, Turkey needs an investment ratio of […]
Turkey’s Sustainability Issue After the Rating Upgrade – Part I
- Posted by Pelin Dilek
- Posted on May 19, 2013
- Macro Topics
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After twenty years, Turkey is finally rated investable by two-rating agencies. Even though Moody’s upgrade on May 16th upgrade was largely expected, it deserves attention for its impact on Turkey’s long-term structural issues. First part of this essay, which is posted below, argues that the level current account deficit has reached in Turkey puts external […]
Dichotomy Between Hard and Soft Data
- Posted by admin
- Posted on April 30, 2013
- Growth Indicators,Macro Topics
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In its recent publications, Central Bank of Turkey (CBT) has been stating that 1q13 economic activity suggested a marked recovery in domestic demand, stemming from the modest rise in consumption and considerable expansion in investment. Bank also claimed that the recovery is continuing in the second 2q13. Central Bank’s optimistic assessment regarding the pace of […]
Observations on IMF’s Turkey Estimates
- Posted by Pelin Dilek
- Posted on April 24, 2013
- Macro Topics
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I have always found the IMF reports on Turkey interesting: With a focus on long-term sustainability, the reports are good reminder of what the financial markets might overlook. Because they draw a solid framework on the problems of the Turkish economy, they help to put things into perspective for the financial and real sector professionals […]
IS THE IMPORTANCE OF LABOR STATISTICS RISING IN TURKEY?
- Posted by admin
- Posted on April 12, 2013
- Growth Indicators,Macro Topics,Monetary Policy
- Comments Off on IS THE IMPORTANCE OF LABOR STATISTICS RISING IN TURKEY?
Policymakers, especially the Central Banks, generally take into account the price stability while setting policy. Employment and unemployment are only the part of reference set of policy frameworks. But, there is a new noteworthy trend in policymakers’ decision making practices, which was primarily realized by the US Federal Reserve (FED). Labor market conditions and policies […]
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