The earth has witnessed climate changes over time, but the current warming is occurring at an unprecedented pace compared to the last 10,000 years. The Intergovernmental Panel on Climate Change (IPCC) asserts that since the 1970s when systematic scientific assessments commenced, the impact of human activity on climate warming has transformed from a theoretical conceptContinue reading “A Comment on How Do We Know Climate Change is Real?”
Author Archives: boneztelli
The Messenger (Part 5)
A succinct summary of a certain period in photos and insightful quotes (according to the author’s opinion) Starting again. Continuing the journey. Moving on, leaving the past behind. In practice, sometimes it is easier to say than to do. It requires at the very least a mix of courage, motivation, maturity, calmness, determination, moment, andContinue reading “The Messenger (Part 5)”
On The Potential Effect of Türkiye’s Decrease in Interest Rate on Its Macroeconomic Outcomes
As the government of Türkiye has decided to lower the interest rate (Pitel, 2022), one important question that arises would be: what is the impact of the decision on the Türkiye economy? To answer the possible effect on Türkiye’s economy, the IS-LM theory in international macroeconomics can be applied as an explanation as it isContinue reading “On The Potential Effect of Türkiye’s Decrease in Interest Rate on Its Macroeconomic Outcomes”
Revisiting the Relevance of International Macroeconomic Policy Coordination
Given the uncertainty in the current global economic situation, one question arises regarding whether international macroeconomic policy coordination is still relevant. The choice of whether to implement international macroeconomic policy coordination depends on the specific circumstances, as explained in previous literature on the topic. First, the success of cooperation and coordination principally requires the sharingContinue reading “Revisiting the Relevance of International Macroeconomic Policy Coordination”
On Dilemma Not Trilemma: The Global Financial Cycle and Monetary Policy Independence
Based on the theory (Feenstra and Taylor, 2016), three key conditions faced by open economies: a fixed exchange rate that can enhance stability in trade and investment, free international capital mobility that can promote integration, efficiency, and risk-sharing, and monetary policy autonomy that can provide control over the economy’s business cycle. The trilemma suggests thatContinue reading “On Dilemma Not Trilemma: The Global Financial Cycle and Monetary Policy Independence “
Commentary on Financial Globalization and Productivity Growth
Financial openness has been an important topic of discussion in the economics literature. One of the potential benefits of financial openness is its positive impact on productivity growth. The argument is that financial openness allows for greater access to capital, which can lead to increased investment, technological progress, and ultimately, higher productivity levels. In thisContinue reading “Commentary on Financial Globalization and Productivity Growth”
A Comment on Navigating the Debt Legacy of The Pandemic
In their article, Kose, Ohnsorge, and Sugawara (2021) proposed several measures that countries could take to address debt-related risks before the next crisis or pandemic. However, it is important to note that the suggestions might need more details. Hence, this post serves as a comment that would contribute to more detailed measures. The first suggestedContinue reading “A Comment on Navigating the Debt Legacy of The Pandemic”
Ode about A Search
Dear Someone in my past, Why are you still here? I thought I had let you go. It seems that apparently, I do not want to just yet. Could you tell me the reasons? I thought I saw you in my dream. It seems that apparently, you have always been there. Do we have anContinue reading “Ode about A Search”
Thank You, 2022
This post serves as a summary and key takeaways from the author’s point of view based on reflections and contemplations over the year 2022. There are at least three lessons learned from what the author has been personally through this year. The first lesson is that being in a whole new place and getting exposedContinue reading “Thank You, 2022”
This Too Shall Pass
Getting too much or too little of anything indicates a non-optimal state. It means that being in such a condition is not being at equilibrium since it is not in the appropriate portion and place. For instance, excessively feeling happy, such as euphoric could lead an individual to be off guard and ignore something thatContinue reading “This Too Shall Pass”
hope. 