Curriculum Vitae
Huzeyfe Torun
Executive Director, Central Bank of the Republic of Turkey Phone: +90-312- 507 -8001
Structural Economic Research Department Email: huzeyfe.torun@tcmb.gov.tr
Ankara - İstanbul, Turkey huzeyfetorun@gmail.com
Webpage: https://sites.google.com/site/huzeyfetorun/
CURRENT AND PAST POSITIONS
Executive Director, Central Bank of the Republic of Turkey June 2021 -
Deputy Executive Director, Central Bank of the Republic of Turkey February 2019 - May 2021
Instructor, Middle East Technical University September 2020- January 2021
Economist, Structural Economic Research Department, CBRT August 2016 - February 2019
Economist, Research and Monetary Policy Department, CBRT July 2014 - August 2016
Teaching Assistant & Instructor, University of Virginia August 2009 - May 2013
EDUCATION
Associate Professorship, Inter-University Council Presidency Mar 2024
Ph.D. Economics, University of Virginia May 2014
Dissertation: “Policy Impacts on Early Labor Market Outcomes”
Committee: Sarah Turner set5h@virginia.edu
Leora Friedberg lf6s@virginia.edu
John Pepper jvp3m@virginia.edu
M.A. Economics, University of Virginia December 2011
B.A. Political Science and International Relations, Boğaziçi University July 2009
B.A. Economics, Boğaziçi University July 2009
Summa Cum Laude
FIELDS OF INTEREST
Labor Economics, International Trade, Central banking, Applied Econometrics.
PUBLICATIONS AND WORKING PAPERS
LABOR MARKET AND POLICY EVALUATION
(1) “The Effects of Compulsory Military Service Exemption on Education and Labor Market Outcomes: Evidence from a Natural Experiment”
Economics of Education Review. 54: 16-35 (2016). (with S. Tümen)
(2) “The Impact of Syrian Refugees on Natives’ Labor Market Outcomes in Turkey: Evidence from a Quasi-Experimental Design”
IZA Journal of Labor Policy. 6:5 (2017). (with E. Ceritoğlu, H. B. Gürcihan Yüncüler, and S. Tümen.
(3) “The Empirical Content of Season-of-Birth Effects: An Investigation with Turkish Data”
Demographic Research. 37 (2017). (with S. Tümen)
(4) “Compulsory Schooling Laws and Early Labor Market Outcomes”
Journal of Labor Research. 39:3 (2018).
(5) “Ex-Ante Labor Market Effects of Compulsory Military Service” (2019).
Journal of Comparative Economics. 47:1 (2019).
(6) “Do the Vocational High School Graduates Have Better Employment Outcomes Than the General High School Graduates? Evidence from Turkey”
International Journal of Manpower. 40:8 (2019). (with S. Tümen)
(7) “Job Mobility in Turkey”
Central Bank Review. 19:3 (2019) (with Y. E. Akgündüz, A. Aldan, Y. K. Bağır)
(8) “Two and a Half Million Syrian Refugees, Tasks, and Capital Intensity”
Journal of Development Economics. 145 (2020). (with Y. E. Akgündüz)
(9) “The Effect of Education on Internal Migration: Level and Timing Effects by Reason of Migration”
Labour Economics. 74 (2022). (with A. Aydemir and M. Kırdar)
(10) “Covid 19 and the Turkish labor market: Heterogeneous effects across demographic groups”
Central Bank Review. 21 (2021) (with Altan Aldan and Muhammet Enes Çıraklı)
(11) "Declining labor market informality in Turkey: unregistered employment and wage underreporting"
Journal of Management and Economics Research. 21: 3 (2023) (with Y. K. Bağır and M. Küçükbayrak)
INTERNATIONAL TRADE AND FIRM DYNAMICS
(12) "Do subsidized export loans increase exports?"
The World Economy. 41:8 (2018). (with Y.E. Akgunduz and S.H. Kal)
(13) “Impact of Minimum Wages on Exporters: Evidence From a Sharp Increase in Turkey”
TCMB WP. 1920 (2020) (with Y. E. Akgündüz, A. Aldan, Y. K. Bağır)
(14) "Unleashing the full potential of the Turkish business sector."
OECD Economics Department Working Papers. No. 1665 (2021) (with Dennis Dlugosch, Rauf Gönenç, Yusuf Kenan Bağır and Eun Jung Kim)
(15) "Heterogeneous Effect of Exchange Rates on Firms’ Exports: Role of Labor Intensity"
Central Bank Review. 23: 3 (2023) (with K. Akdoğan and Y.K. Bağır)
(16) "FX Borrowing, Employment and Firm Growth"
Uluslararası Yönetim İktisat ve İşletme Dergisi. 19 (3) (2023).
(17) "Türkiye’nin İhracat Gelişmelerinde Yeni Pazarların Katkısı ve Pazar Sürekliliği"
Uluslararası Ekonomi ve Yenilik Dergisi. 9:2 (2023) (Didem Yazıcı ile)
INFLATION DYNAMICS
(18) “Immigration, Housing Rents, and Residential Segregation: Evidence from Syrian Refugees in Turkey”
IZA Discussion Paper. 11611 (2016) (with B. Balkan, E. Ö. Tok and S. Tümen)
(19) "Market Concentration and Producer Prices"
Central Bank Review. 23 (2023) (with Ahmet Duhan Yassa)
PUBLICATIONS IN TURKISH
(1) “Türkiye’de Genç İşsizliği: Tespit ve Öneriler”. CBRT Research Notes in Economics. (2017) (with Y. E. Akgündüz, A. Aldan and Y. K. Bağır)
(2) “Meslek Lisesi Mezuniyeti ve İstihdam Oranları Arasındaki İlişki Nedensel mi?”. CBRT Blog Article.
(3) “Reeskont Kredisi ve İhracat” CBRT Blog Article. (with Y. E. Akgündüz.)
(4) “Ücretler ve İşgücü Verimliliğine Mikro Bakış” CBRT Blog Article. (with Y. E. Akgündüz, A. Aldan, Y. K. Bağır)
(5) “Türk Firmaları Arasında İhracat rekabeti” CBRT Research Notes in Economics. (2020) ( with Y.K. Bağır)
(6) "İhracatta Yeni Pazarların Katkısı ve Pazar Sürekliliği" CBRT Research Notes in Economics. (2022) (with Didem Yazıcı)
(7) "Türkiye’nin İhracat Gelişmelerinde Yeni Pazarların Katkısı ve Pazar Sürekliliği", Uluslararası Ekonomi ve Yenilik Dergisi, 9:2 (2023) (with Didem Yazıcı).
(8) "Gıda Perakende Sektöründe Fiyat Belirleme ve Değiştirme Dinamikleri". CBRT Research Notes in Economics. No. 2310 (2023) (with Muhammed Bahça and Tunç Bayram)
WORK IN PROGRESS
(1) "Salient Price Changes, Inflation Perception and Expectations: An Application on Türkiye"
(2) "Heterogeneity and Non-linearity in the Relationship Between Rediscount Credits and Firm Exports"
(4) "Trade Effects of Firm Credits: Heterogeneity across BEC Categories"
(5) “The Changing Role of State Banks İn Türkiye: An Assessment of Recent Trends”
(6) “With Whom are Young Workers Substitutable?”
(7) “Travel Time, Gasoline Prices and Leisure Activities in the U.S.”
CONFERENCE PRESENTATIONS and INVITED TALKS
Southern Economic Association Conference, Tampa, Florida November 2013
Public Economics Workshop, University of Virginia December 2013
Sabancı University, Istanbul February 2014
Bilkent University, Ankara March 2014
TOBB University, Ankara March 2014
Istanbul Technical University, Istanbul March 2014
Central Bank of the Republic of Turkey, Ankara March 2014
Royal Economic Society Conference, University of Manchester March 2015
Koc University, Economic Research Forum, İstanbul October 2015
CBRT and ECB Conference, İzmir September 2016
2nd Annual Istanbul Meeting on Human Capital, Galatasaray University October 2016
Society of Labor Economists Conference, Raleigh, North Carolina May 2017
Brown Bag Seminar, University of Virginia May 2017
3rd Annual Istanbul Meeting on Human Capital, Galatasaray University October 2017
Banc d’Italia – Central Bank of the Republic of Turkey Conference November 2017
CBRT Policy Evaluation Workshop, Antalya March 2018
World Bank, Assessing Turkish Labor Market Conference, Ankara May 2018
European Society for Population Economics Conference, Antwerp, Belgium June 2018
Istanbul Technical University, Istanbul October 2018
4th Annual Istanbul Meeting on Human Capital, Bahçeşehir University October 2018
Turkish Economic Association Conference, Antalya November 2018
Middle East Technical University, Ankara February 2020
6th International Symposium on Economics, Politics and Administration, ISEPA October 2023
10th International Congress on Accounting and Finance Research September 2023
TEACHING EXPERIENCE
Instructor Middle East Technical University
ECON 698, Labor Market Economics Fall 2020
Instructor University of Virginia
Econ 2010, Principles of Microeconomics Jan 2013 – May 2013
Teaching Assistant University of Virginia
Econ 2020, Principles of Macroeconomics Jan 2010 - May 2010
Econ 3010, Intermediate Microeconomics Aug 2009 – Dec 2009
Econ 3010, Intermediate Microeconomics Aug 2010 – Aug 2012
Student Teaching Assistant Boğaziçi University
EC 344: Money and Banking Spring 2009
EC 361: International Trade Fall 2008
EC 101: Principles of Microeconomics Fall 2007
AWARDS
Bankard Predoctoral Fellowship, University of Virginia 2013-2014
Quantitative Collaborative Fellowship, University of Virginia 2012-2013
High-Achievement Scholarship, Boğaziçi University 2004-2009
ADDITIONAL INFORMATION
Citizenship: Turkey
Languages: Turkish (Native Speaker), English (fluent)
Computing: Stata, Matlab
Özgeçmiş
Doç.Dr. Huzeyfe Torun
Genel Müdür, Türkiye Cumhuriyet Merkez Bankası Telefon: +90-216 - 773 -8001 / 8002
Yapısal Ekonomik Araştırmalar Genel Müdürlüğü Email: huzeyfe.torun@tcmb.gov.tr
İstanbul-Ankara, Türkiye Web sayfası: https://sites.google.com/site/huzeyfetorun/
İŞ TECRÜBESİ
Genel Müdür, Türkiye Cumhuriyet Merkez Bankası 2021 Haziran-
Genel Müdür Yardımcısı, Türkiye Cumhuriyet Merkez Bankası 2019 Şubat -2021 Mayıs
Yarı Zamanlı Öğretim Görevlisi, Ortadoğu Teknik Üniversitesi 2020 Eylül – 2021 Ocak
Ekonomist, Yapısal Ekonomik Araştırmalar Genel Müdürlüğü, TCMB 2016 Ağustos – 2019 Şubat
Ekonomist, Araştırma ve Para Politikası Genel Müdürlüğü, TCMB 2014 Temmuz -2016 Ağustos
Okutman, Virjinya Üniversitesi 2013 Ocak –2013 Mayıs
Öğretim Asistanı, Virjinya Üniversitesi 2009 Ağustos – 2012 Ağustos
EĞİTİM
Doçentlik, Ekonomi, Üniversiteler Arası Kurul Mart 2024
Doktora, Ekonomi, Virjinya Üniversitesi Mayıs 2014
Tez Başlığı: “Policy Impacts on Early Labor Market Outcomes”
Tez Komitesi: Sarah Turner set5h@virginia.edu (434) 982-2383
Leora Friedberg lf6s@virginia.edu (434) 924-3225
John Pepper jvp3m@virginia.edu (434) 924-3402
Master (M.A.) Ekonomi, Virjinya Üniversitesi Aralık 2011
Lisans (B.A.) Siyaset Bilimi ve Uluslararası İlişkiler, Boğaziçi Üniversitesi Temmuz 2009
Lisans (B.A.) İktisat, Boğaziçi Üniversitesi Temmuz 2009
Yüksek Onur Derecesi, Bölüm Üçüncüsü
ARAŞTIRMA ALANLARI
İşgücü Piyasası, Uluslararası Ticaret, Merkez Bankacılığı, Uygulamalı Ekonometri.
YAYINLANMIŞ MAKALELER VE ÇALIŞMA TEBLİĞLERİ
İŞGÜCÜ PİYASASI – POLİTİKA ANALİZİ
(1) “The Effects of Compulsory Military Service Exemption on Education and Labor Market Outcomes: Evidence from a Natural Experiment”
Economics of Education Review. 54: 16-35 (2016) (S. Tümen ile)
(2) “The Impact of Syrian Refugees on Natives’ Labor Market Outcomes in Turkey: Evidence from a Quasi-Experimental Design”
IZA Journal of Labor Policy. 6:5 (2017) (E. Ceritoğlu, H. B. Gürcihan Yüncüler, S. Tümen ile)
(3) “The Empirical Content of Season-of-Birth Effects: An Investigation with Turkish Data”
Demographic Research. 37 (2017) (S. Tümen ile)
(4) “Compulsory Schooling Laws and Early Labor Market Outcomes”
Journal of Labor Research. 39:3 (2018)
(5) “Ex-Ante Labor Market Effects of Compulsory Military Service”
Journal of Comparative Economics. 47:1 (2019)
(6) “Do the Vocational High School Graduates Have Better Employment Outcomes Than the General High School Graduates? Evidence from Turkey”
International Journal of Manpower. 40:8 (2019) (S. Tümen ile)
(7) “Job Mobility in Turkey”
Central Bank Review. 19:3 (2019) (Y. E. Akgündüz, A. Aldan, Y. K. Bağır ile)
(8) “Two and a Half Million Syrian Refugees, Tasks, and Capital Intensity”
Journal of Development Economics. 145 (2020) (Y. Emre Akgündüz ile)
(9) “The Effect of Education on Internal Migration: Level and Timing Effects by Reason of Migration”
Labour Economics. 74 (2022). (A. Aydemir and M. Kırdar ile)
(10) “Covid 19 and the Turkish labor market: Heterogeneous effects across demographic groups”
Central Bank Review. 21 (2021) (Altan Aldan ve Muhammet Enes Çıraklı ile)
(11) "Declining labor market informality in Turkey: unregistered employment and wage underreporting"
Journal of Management and Economics Research. 21: 3 (2023) (Y. K. Bağır ve M. Küçükbayrak)
DIŞ TİCARET VE FİRMA DİNAMİKLERİ
(12) "Do subsidized export loans increase exports?"
The World Economy. 41:8 (2018) (Y.E. Akgunduz and S.H. Kal ile)
(13) “Impact of Minimum Wages on Exporters: Evidence From a Sharp Minimum Wage Increase in Turkey”
TCMB Working Papers. No. 1920 (2019) (Y. E. Akgündüz, A. Aldan, Y. K. Bağır ile)
(14) "Unleashing the full potential of the Turkish business sector."
OECD Economics Department Working Papers. No. 1665 (2021). (Dennis Dlugosch, Rauf Gönenç, Yusuf Kenan Bağır ve Eun Jung Kim ile)
(15) "Heterogeneous Effect of Exchange Rates on Firms’ Exports: Role of Labor Intensity"
Central Bank Review. 23: 3 (2023) (K. Akdoğan ve Y.K. Bağır ile)
(16) "FX Borrowing, Employment and Firm Growth"
Uluslararası Yönetim İktisat ve İşletme Dergisi. 19 (3) (2023).
(17) "Türkiye’nin İhracat Gelişmelerinde Yeni Pazarların Katkısı ve Pazar Sürekliliği"
Uluslararası Ekonomi ve Yenilik Dergisi. 9:2 (2023) (Didem Yazıcı ile).
ENFLASYON DİNAMİKLERİ
(18) “Immigration, Housing Rents, and Residential Segregation: Evidence from Syrian Refugees in Turkey”
(IZA Discussion Paper 11611) (2016) (B. Balkan ve S. Tümen ile)
(19) "Market Concentration and Producer Prices"
Central Bank Review. 23 (2023) (Ahmet Duhan Yassa ile)
EKONOMİ NOTLARI VE BLOG YAZILARI
(1) “Türkiye’de Genç İşsizliği: Tespit ve Öneriler” TCMB Ekonomi Notları (2017) (Y. E. Akgündüz, A. Aldan, Y. K. Bağır ile)
(2) “Meslek Lisesi Mezuniyeti ve İstihdam Oranları Arasındaki İlişki Nedensel mi?” TCMB Blog.
(3) “Reeskont Kredisi ve İhracat” TCMB Blog (Y. E. Akgündüz ile)
(4) “Ücretler ve İşgücü Verimliliğine Mikro Bakış” TCMB Blog (Y. E. Akgündüz, A. Aldan, Y. K. Bağır ile)
(5) “Türk Firmaları Arasında İhracat rekabeti” TCMB Ekonomi Notları (2020) (Y.K. Bağır ile)
(6) "İhracatta Yeni Pazarların Katkısı ve Pazar Sürekliliği" TCMB Ekonomi Notları (2022) (Didem Yazıcı ile)
(7) "Gıda Perakende Sektöründe Fiyat Belirleme ve Değiştirme Dinamikleri". TCMB Ekonomi Notları No. 2310 (2023) (Muhammed Bahça ve Tunç Bayram ile)
DEVAM EDEN ÇALIŞMALAR
(1) "Salient Price Changes, Inflation Perception and Expectations: An Application on Türkiye"
(2) "Heterogeneity and Non-linearity in the Relationship Between Rediscount Credits and Firm Exports"
(3) “Cost Elasticity of Loan Demand: Heterogeneity across Firm Types”
(4) "Trade Effects of Firm Credits: Heterogeneity across BEC Categories"
(5) “The Changing Role of State Banks İn Türkiye: An Assessment of Recent Trends”
(6) “With Whom are Young Workers Substitutable?”
(7) “Travel Time, Gasoline Prices and Leisure Activities in the U.S.”
KONFERANS SUNUMLARI
Southern Economic Association Conference, Tampa, Florida Kasım 2013
Public Economics Workshop, University of Virginia Aralık 2013
Sabancı Üniversitesi, Istanbul Şubat 2014
Bilkent Üniversitesi, Ankara Mart 2014
TOBB Üniversitesi, Ankara Mart 2014
İstanbul Teknik Üniversitesi, Istanbul Mart 2014
Türkiye Cumhuriyet Merkez Bankası, Ankara Mart 2014
Royal Economic Society Conference, University of Manchester Mart 2015
Koç Üniversitesi, Economic Research Forum, İstanbul Ekim 2015
CBRT and ECB Conference, İzmir Eylül 2016
2nd Annual Istanbul Meeting on Human Capital, Galatasaray Üniversitesi Ekim 2016
Society of Labor Economists Conference, Raleigh, North Carolina, ABD Mayıs 2017
Brown Bag Seminar, University of Virginia Mayıs 2017
3rd Annual Istanbul Meeting on Human Capital, Galatasaray Üniversitesi Ekim 2017
Banc d’Italia – Central Bank of the Republic of Turkey Conference Kasım 2017
CBRT Policy Evaluation Workshop, Antalya Mart 2018
World Bank, Assessing Turkish Labor Market Conference, Ankara Mayıs 2018
European Society for Population Economics Conference, Antwerp, Belçika Haziran 2018
İstanbul Teknik Üniversitesi, Istanbul Ekim 2018
4th Annual Istanbul Meeting on Human Capital, Bahçeşehir University Ekim 2018
Türkiye Ekonomi Kurumu Konferansı, Antalya Kasım 2018
Orta Doğu Teknik Üniversitesi, Ankara Şubat 2020
6th International Symposium on Economics, Politics and Administration, ISEPA Ekim 2023
10th International Congress on Accounting and Finance Research Eylül 2023
AKADEMİK TECRÜBE
Yarı Zamanlı Öğretim Görevlisi Ortadoğu Teknik Üniversitesi
ECON 698, İşgücü Piyasası Ekonomisi Eylül 2020 - Ocak 2021
Okutman Virjinya Üniversitesi
Econ 2010, Mikroekonomiye Giriş Ocak 2013 – Mayıs 2013
Öğretim Asistanı Virjinya Üniversitesi
Econ 2020, Makroekonomiye Giriş Ocak 2010 - Mayıs 2010
Econ 3010, Orta Seviye Mikroekonomi Ağustos 2009 – Aralık 2009
Econ 3010, Orta Seviye Mikroekonomi Ağustos 2010 – Aralık 2012
Öğrenci Asistan Boğaziçi Üniversitesi
EC 344, Para ve Bankacılık Bahar 2009
EC 361, Uluslararası Ticaret Güz 2008
EC 101, Mikroekonomiye Giriş Güz 2007
ÖDÜLLER
Bankard Predoctoral Fellowship, Virjinya Üniversitesi 2013-2014
Quantitative Collaborative Fellowship, Virjinya Üniversitesi 2012-2013
Başarı Bursu, Boğaziçi Üniversitesi 2004-2009
KİŞİSEL BİLGİLER
Vatandaşlık: Türkiye
Diller: Türkçe (Anadili), İngilizce (Akıcı).
Bilgisayar Programları: Stata, Matlab.