Research

Research Interest:  Macroeconomics, Monetary Economics, Financial Economics, International Trade, Portfolio Allocation, and Real Estate

Research Profiles: Ideas Repec,  Google Scholar, ResearchGate

SELECTED PUBLICATIONS

1. A Farewell to Greenspan-Guidotti Rule: Has the Role of Short-term Debt as a Reserve Adequacy Indicator Disappeared? (with S. Aydin),  (accepted for publication at Applied Economics Letters). (2024)

2. What Is The Most Prominant Reserve Indicator That Forewarns Currency Crisis, Economics Letters 231, 111282,  (with S. Aydın) (2023).

3. Monetary Policy and House Prices in Emerging Markets, International Journal of Housing Markets and Analysis 16(5), 873-891, (2023)  (with A. Gunes) 

4. Do Oil Price Shocks Differently Matter for Oil Exporter and Importer Developing Countries? Journal of Economic Studies, 50(8), 1775-1788, (2023). (with S. Degirmen, O. Saltik, and Rehman, W.)

5. Household Debt and Economic Growth: Debt Service Matters, Open Economies Review 34(1), 71-92, (2023) (with M. Kilinc).

6. Saving Impact of Mortgage Payments: A Micro-level Study for the U.S. Households, Real Estate Economics 49(S2),  335-360, (2021) (with A. Gunes).

7. The Effect of Credit Supply on House Prices: Evidence from Turkey, Housing Policy Debate 30(2), 228-242 (2019).

8. The Asymmetric Effects of Monetary Policy on Economic Activity in Turkey , Structural Changes and Economic Dynamics  51, 505-528, (2019) (with M. Kilinc) .

9. Endogeneous Life-Cycle Housing Investment and Portfolio Allocation, Journal of Money, Credit and Banking 51(4), 991-1019 , (2019), (with D. Pelletier).

10. Exchange Rate Pass-Through in a Small Open Economy: A Structural VAR Approach, Bulletin of Economic Research 70(4), 410-422.  (2018), (with M. Kilinc).

11. Exchange Rate Risk and International Trade: The Role of Third-Country Effect. Economics Letters, 167, 152-155, 2018 (with N. Solakoglu, A. Hazar, and S. Babuscu). 

12. Collateral Damage: The Impact of Mortgage Debt on US Savings  Housing Policy Debate, 27(5), 712-733. (2017)(with A. Yavaş )

13. Not all firms react the same to exchange rate volatility? A firm level study. International Review of Economics and Finance, 51, 417-430. 2017. (with N. Solakoglu).

14. Does Exchange Rate Volatility Matter for International Sales? Evidence from US Firm Level Data. Economics Letters, 149, 152-156. 2016 (with N. Solakoglu).  

OTHER REFEREED PUBLICATIONS

1. Exchange Rate Volatility and Trade: External Exchange Rate Volatility Matters, Journal of International Commerce, Economics and Policy  11(2), (2020), (with N. Solakoglu, S. Babuscu, and A. Hazar)

2. Sector-level Competition and Export: Evidence from Exporter Dynamics Database, Journal of International Commerce, Economics and Policy  10(03), (2019), (with N. Solakoglu, S. Babuscu, and A. Hazar).

3. A Survey on Exchange Rate Pass through in Emerging Markets, Bulletin of Economic Theory and Analysis, 2(3), 205-233. (2017)

4.  Twin Stability Problem Joint Issue of High Current Account Deficit and High Inflation, BIS Papers Chapters, 89, 361-371. 2016. (with Kilinc, M., Yorukoglu, M.).

5.  Not All Credit is Created Equal: Mortgage vs Non-mortgage Debt and Private Saving Rate in Turkey. Central Bank Review, 16(1), 25-32. 2016. (with  A. Yavaş). 

6. Türkiye'de Göreli Konut Deflatörü [House Deflator inTurkey]. Finans Politik&Ekonomik Yorumlar, 597, 61-71. (with M. Kılınç ). 2014/

7. Information and the Price Dispersion on the Net. Metu Studies in Development, 35(2), 249-264. (with A.K. Civan, M. Oktay) 2008.