Research

Google Scholar Listing

Publications

in International Journals

1. How to Construct Nationally Representative Firm Level Data from ORBIS Global Database: New Facts and Aggregate Implications, (with Sebnem Kalemli-Ozcan, Bent Sorensen, Carolina Villegas-Sanchez, and Vadym Volosovych), AEJ-Macroeconomics, April 2024, 16 (2), 353-374.  

2.  COVID-19 and Emerging Markets: A SIR Model, Demand Shocks and Capital Flows (with Cem Cakmakli, Selva Demiralp, Sebnem Kalemli-Ozcan, and Muhammed Ali Yildirim), Journal of International Economics, November 2023, Vol. 145, 103825.

3. A Twitter-based Economic Policy Uncertainty Index: Expert Opinion and Financial Market Dynamics in an Emerging Market Economy (with Anil Sen, Beyza Arslan, and Sumru Altug), Frontiers in Physics, May 2022, 424.

4.  The Role of Institutional, Cultural and Economic Factors on the Effectiveness of the Lockdown Measures  (with Cem Cakmakli, Selva Demiralp, Onder Ergonul and Muhammed Ali Yildirim), International Journal of Infectious Diseases, March 2022, Vol. 116, 111-113.

5. Leverage Across Firms, Banks, and Countries (with Sebnem Kalemli-Ozcan, and Bent Sorensen), Journal of International Economics, November 2012, Vol. 88(2), 284-298.

in National Journals

1. Pandeminin Sektörel Maliyetleri: Ticarete Açık Olmanın Rolü Nedir? (with Cem Cakmakli, Selva Demiralp, and Muhammed Ali Yildirim), İstanbul İktisat Dergisi-Istanbul Journal of Economics, December 2022, 72(2), 431-451. 

Books and Book Chapters

1. Selected Topics on the Turkish Economy (with Cem Cakmakli, Selva Demiralp, and Muhammed Ali Yildirim), Gece Kitapligi Publishing, 2021.

Working Papers

1. The Economic Case for Global Vaccinations: An Epidemiological Model with International Production Networks (with Cem Cakmakli, Selva Demiralp, Sebnem Kalemli-Ozcan, and Muhammed Ali Yildirim),  2020 NBER Working Paper No: 28395.

• Revise and Resubmit requested from Review of Economic Studies. 

• Featured in Financial Times, Financial Times; Martin Wolf, NY Times, Wall Street Journal, Guardian, Bloomberg, New Yorker, World Economic Forum, UMD-BSOS, Maryland Today, MIT Technology Review, The Conversation, Story Partners, Al Jazeera.

• Review by VoxEU.org, January 2021.

2. Investment under Stormy Skies: The Case of Russian Firms during 2004--2016 (with Sumru Altug), 2021 CEPR Discussion Paper No. DP16646.

• Revise and Resubmit requested from International Economic Review.

• Review by VoxEU.org, April 2022.

Under Revision

1. The Collateral Channel: Real Estate Prices and Firm Leverage.

2. Financial Shocks in Production Chains (with Sebnem Kalemli-Ozcan, Hyun Song Shin, Se-Jik Kim and Bent Sorensen).

3.  Who Owns Europe’s Firms? Foreign Investment in Europe and Implications for Risk Sharing (with Sebnem Kalemli-Ozcan, Bent Sorensen, Carolina Villegas-Sanchez, and Vadym Volosovych).

4. Gender Bias in Central Bank Communication: The Role of Media Coverage (with Selva Demiralp ve Zeynep Senyuz).

Completed Papers 

1. Financing Constraints and Investment: The Case of Turkish Manufacturing Firms, Meeting Papers No: 874, Society for Economic Dynamics, 2009.

2. The Countercyclical Inventory Adjustments in Offsetting Supply Chain Disruptions (with Cem Cakmakli, Selva Demiralp, and Muhammed Ali Yildirim).

3. The Importance of Sentiment, Risk Attitudes, and Communication Policies during COVID-19 Pandemic (with Cem Cakmakli, Selva Demiralp, and Muhammed Ali Yildirim).

Work in Progress

1. Uncertainty and Business Investment: Evidence from Turkish Non-financial Firms 

2. Corporate Taxation and the Real Economy: The Impact of 1999 Marmara Earthquake Tax Reform on Firm Dynamics (with Musab Kurnaz).

3. Misallocation of Resources: The Effects of Capital and Labor Market Imperfections.

4. Sudden Stops, Misallocation and Emerging Markets (with Ayse Kabukcuoglu-Dur).

Policy Papers 

1. Congressional Testimony on Unequal Global Vaccinations and Supply Chain Disruptions (with Cem Cakmakli, Selva Demiralp, Sebnem Kalemli-Ozcan, and Muhammed Ali Yildirim), presented to White House Select Subcommittee on the Coronavirus Crisis, December 2021.

2. An Evaluation of the Turkish Economy during Covid-19 (with Cem Cakmakli, Selva Demiralp, and Muhammed Ali Yildirim), Centre for Applied Turkey Studies (CATS), WP Nr. 01, Stiftung Wissenschaft und Politik (the German Institute for International and Security Affairs, SWP), January 2021.

3. How Do Indirect Taxes on Tobacco Products Affect Inflation? (with Cem Cakmakli, Selva Demiralp, and Muhammed Ali Yildirim), Koc University-TUSIAD Economic Research Forum Working Papers 1811, Koc University-TUSIAD Economic Research Forum, 2018.

4. An Investigation of Food Inflation in Turkey (with Cem Cakmakli, Selva Demiralp, and Muhammed Ali Yildirim), prepared for the World Bank Report, Drivers of Food Inflation in Turkey, 2019.