Tuesday, 6 March 2018

Tuesday, 24 October 2017

International Conference on Inequality in Bologna

I will be presenting my paper "Direct and Indirect Effects of Income Inequality on Economic Growth through Political Economy: Taxes as Proxy of Redistributive Pressure" at International Conference on Inequality in Re-distribution and Fiscal Policies Session on 2nd November.

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Friday, 9 December 2016

Turkish exchange rate policy in these days: Take it easy!

I will talk a bit on Turkish economic policy which is driven by the President in 5-minute speech.
USD/TRY exchange rate has reached to 3,58 on December, 2. Four days later, Mr President decided to take control of USD/TRY through some suggestions, saying that higher USD/TRY exchange rate is a complot against Turkey.
Apart from the dependency of Central Bank and this speech, I am wondering if it is thought as our economy as closed economy and not affected by US monetary policy, or other countries' currencies which we are in relations with? 
The second thing Mr President says that banks should lower the interest rates. If interest rate is lowered, why people would keep their assets in TRY.

His speech was only on USD/TRY. What about EUR/TRY? Should people exchange their EUR assets in TRY or gold then? What about ECB monetary policy then?
Same for FED policies. How does he aim to control their monetary policies?

I think he assumed no other central banks, no trade, no other currency than USD and TRY...

Saturday, 26 November 2016

Inequality vs. Clustering

To be threaten as unequal, first step is to be clustered into one group, or groups. This means that every person should take place within a sub-group before fighting for equality.
This is also related to human being. Let's imagine that we have an opportunity to give to all people equal opportunities under equal starting points. There will always be people who aim to achieve more, this is natural even for all living units. Hopefully, there will be, since we would never have seen any innovation or development in the world.
Apart from this situation, when we mention inequality, we have pre-learnt sub-groups. Even there might be other sub-groups (small or large), statistically or in order to have more credibility, one has to wait until these groups become clustered naturally or cluster through the global attention.
If we believe in equality, and fighting for it, should we really wait for this clustering? If we would achieve, shouldn't we really threat all sub-groups equal, and think about more inequality may exist in all tiny sub-groups even they are not yet sub-groups?