Şelale Tüzel

 Curriculum Vitae (pdf) 

Research Interests

Macro-Finance, Real Estate, Real Investments, Labor and Finance, Household Finance, Tax Policy

Working Papers

Investing in Misallocation (with Mete Kılıç), Revise & Resubmit at the Journal of Financial Economics, 2024.

Women are Left Behind: Social Norms, Math Skills and Mortgage Outcomes (with Athena Tsouderou), 2024.

Published Papers

Shattered Housing (with Jonas Happel, Yigitcan Karabulut and Larissa Schäfer), Journal of Financial Economics 156, June 2024 (Editor's Choice).

Economic Stimulus at the Expense of Routine-Task Jobs (with Miao Ben Zhang),  Journal of Finance 76, December 2021. Internet Appendix Data (State Section 179 Limits)   Tommy Talk (12-minute presentation for general audience)

Proposition 13: An Equilibrium Analysis (with Ayse Imrohoroglu and Kyle Matoba), American Economic Journal: Macroeconomics 19, April 2018.

Local Risk, Local Factors, and Asset Prices (with Miao Ben Zhang), Journal of Finance 72, February 2017.   Internet Appendix Data (MSA Betas)   Extended Data

Firm Level Productivity, Risk, and Return (with Ayse Imrohoroglu), Management Science 60, August 2014.   Internet Appendix   Extended TFP Data (1963-2023)    Readme   Programs

Inventory Investment and the Cost of Capital (with Chris Jones), Journal of Financial Economics 107, March 2013.   Data

New Orders and Asset Prices (with Chris Jones), Review of Financial Studies 26, January 2013.   New Orders to Shipments (NO/S) Data

Corporate Real Estate Holdings and the Cross Section of Stock Returns, Review of Financial Studies 23, May 2010.

Housing, Consumption and Asset Pricing (with Monika Piazzesi and Martin Schneider), Journal of Financial Economics 83, March 2007 (Lead Article).

Teaching

Real Estate Finance and Investments (MBA and undergraduate), USC, 2005-2024.

Financial Economics II (Asset Pricing, Ph.D.), USC, 2014-2016.