As the Public Policy, State Administration and Societal Progress Center (KAPDEM), we present this exclusive interview with Prof. Dr. Fatih Özatay, former Vice Governor of the Central Bank of the Republic of Turkey (CBRT), where he evaluates Turkey's current macroeconomic dynamics and structural problems.
While assessing the effectiveness of current economic policies in combating inflation, the limits of monetary and fiscal policies, and the reflections of the "return to rationality" process on macro indicators, Prof. Dr. Özatay emphasizes the necessity of fundamental structural reforms—such as the rule of law, institutional independence, and meritocracy—for establishing sustainable economic stability. Furthermore, he provides a comprehensive analysis of public finance interventions against external energy shocks and the medium-term risks of a potential election economy.
