All posts tagged neofisherianism

NeoFisherian experiment in Turkey: Here we go again

Yesterday Erdogan dismissed the head of the Central Bank of the Republic of Turkey’s, Naci Agbal, and replaced him with professor Sahap Kavcıoglu. In a previous post, I claimed that Turkey has willingly or unwillingly adopted a kind of NeoFisherian policy. In this post, I will discuss this case within the framework of this hypothesis. […]

How is that NeoFisherian experiment going in Turkey?

Here’s the Financial Times: Turkey’s central bank has dented hopes for a return to economic orthodoxy, ignoring calls from many investors to raise its main interest rate and sending the lira to a new record low. The currency fell more than 2 percent immediately following the decision to keep the benchmark one-week repo rate on […]

Original Sin of the Macroeconomics

I’ve been reading articles on the Keynesian/NeoFisherian debate for a while. It’s an interesting debate for me. Before commenting on the debate, I’d better start from the Great Recession. After the Great Recession, three “heterodox” objections arose in monetary economics – schools of thought that reject the mainstream models. In my opinion, all three objections […]