The Grand Bu-da-peşkeş Hotel

I had very high expectations from “The Grand Budapest Hotel”, the latest Wes Anderson movie which was nominated for nine Oscars on Jan. 15, four days after winning the best musical or comedy at the Golden Globes on Jan. 11. Not only because I am big Anderson fan, but also because the movie is inspired […]

Erdoğan’s choice: Reform or religion?

After revealing the first nine on Nov. 6, Prime Minister Ahmet Davutoğlu unveiled seven more transformation programs of the government’s ambitious reform strategy at a press conference on Dec. 18. In my latest Hurriyet Daily News (HDN) column, I explain why it is a complete waste of time to discuss the second part of the […]

Turkey: The Sultan’s Speech

The politician formerly known as PreSinister (President Prime Minister), and currently self-proclaimed Sultan, Recep Tayyip Erdoğan gave a great speech this week that summarized two key issues of the Turkish economy better than I could have in a dozen columns. Speaking at the “Women and Justice Summit,” hosted by the Women and Democracy Association (KADEM), […]

Turkish Government’s ‘Coal for Votes’ Program

At 4.6 percent yoy, April industrial production, which was released yesterday (June 9), turned out to higher than expectations of 3.5 percent. At first glance, the data confirms the dichotomy between domestic and external demand. While sectors catering to domestic demand grew moderately, production in export-oriented sectors such as textiles, chemicals and motor vehicles rose […]

Highway to Heil, Paving the Way for Erdogan

“At least, he built the Autobahn.” According to economists Nico Voigtlaender and Hans-Joachim Voth (V&V), this is how many Germans (and historians) explain the Nazi regime’s widespread support. The Hitler government started building the world’s first nationwide highway system within nine months of taking office in 1933. In their working paper “Highway to Hitler,” which […]

The Turkish Duke of Moral Hazard, Encore

Prime Minister Recep Tayyip Erdoğan never ceases to amaze me. Just as I was thinking he had set a new standard in damaging the economy by attacking the Central Bank, he raised the bar by announcing a vast debt amnesty. Here is the introduction to my latest Hurriyet Daily News (HDN) column, on the Turkish […]

1 2 3