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Op-Ed

Turkey Comes Undone

Author: Steven A. Cook
The American Interest

Expectations of democracy in Turkey following the recent general elections are premature, writes CFR’s Steven Cook. Instead, political paralysis and instability will mark the upcoming phase as parties scramble to build a coalition government.

See more in Turkey; Elections

Op-Ed

Misreading the Fed on a Rate Increase

Author: Benn Steil
Wall Street Journal

Benn Steil’s op-ed explains how the mechanics of implementing Federal Reserve monetary policy have changed radically since the crisis. Little known is that the new plumbing is not actually controlled by the FOMC, but by the much smaller Board of Governors. Given that the Board is decidedly more dovish than the FOMC, Fed watchers focused on the latter may be expecting a more aggressive timing and pace of rate rises than is likely.

See more in United States; Monetary Policy

Op-Ed

In Defeat, Erdogan Shows Respect for Democracy

Author: Ed Husain
Newsweek

The ruling party in Turkey expected to win a majority in the latest parliamentary elections. For 13 years, under the iron grip of Recep Tayyip Erdogan, the AK Party has been the unstoppable force in Turkish politics.This weekend’s result was a blow to the president of Turkey, but excellent news for democracy in Turkey and beyond.

See more in Turkey; Presidents and Chiefs of State; Elections