Hello and welcome to another macro post. This week we could talk about many things like the Central Bank decision, or the situation in the banking sector and how they are handling the recent macroprudential policies introduced by the CBRT and the banking regulator, or how the central bank FX reserves have been changing over the last couple of weeks, but a piece of news came to our attention and we decided to talk about something that we think is much more important than all of the things above, when it comes to the possible effects it will have regarding the long run trajectory of the economy. [We will of course talk about all those things in due time. What a blessing it is to write about the Turkish economy as you always have a thing to write about and one’s problem is the paradox of choice, rather than writer’s block.] And that piece of news is that apparently, the government is working on the feasibility study of providing free school lunches. [Actually, we missed the
There Is No Free Lunch. There Should Be!
There Is No Free Lunch. There Should Be!
There Is No Free Lunch. There Should Be!
Hello and welcome to another macro post. This week we could talk about many things like the Central Bank decision, or the situation in the banking sector and how they are handling the recent macroprudential policies introduced by the CBRT and the banking regulator, or how the central bank FX reserves have been changing over the last couple of weeks, but a piece of news came to our attention and we decided to talk about something that we think is much more important than all of the things above, when it comes to the possible effects it will have regarding the long run trajectory of the economy. [We will of course talk about all those things in due time. What a blessing it is to write about the Turkish economy as you always have a thing to write about and one’s problem is the paradox of choice, rather than writer’s block.] And that piece of news is that apparently, the government is working on the feasibility study of providing free school lunches. [Actually, we missed the