Articles in Peer-Reviewed Journals
An Analysis of Regime Shifts in the Turkish Economy (with KORAY AKAY), Economic Modelling (2008)
We use a time-varying dynamic factor model with regime switching to construct and estimate the...
Structural Breaks in Monetary Policy Rules: Evidence from Transition Countries, Emerging Markets Finance and Trade (2008)
This paper investigates the relation between the important announced turning points in the monetary policies...
Twin Crises in Turkey: A Comparison of Currency Crisis Models, The European Journal of Comparative Economics (2008)
This paper analyzes the twin crises in Turkey experienced in 2000 and 2001. After a...
Inflation Targeting Supported by Managed Exchange Rate, Applied Economics (2007)
We compare, on a welfare loss basis, possible inflation targeting regimes supported by different exchange...
The Effects of Credit and Debit Cards on the Currency Demand (with EGE YAZGAN), Applied Economics (2007)
We analyze the effects of credit and debit cards on the currency in circulation by...
Contributions to Books
Why are Trade Agreements Mostly Regional? A Welfare Analysis by Transportation Costs (with DEMET ULKER), Welfare Economics (2008)
Why are trade agreements mostly regional? By making a welfare analysis, we show that the...
Working Papers
Distribution of Consumption, Production and Trade within the U.S. (2008)
The current literature in economics is mainly focusing on the international trade and specialization, but...
What is the Optimal Rate of Inflation for Long-Run Growth? A Cross-Country Analysis (2008)
Although the relationship between financial development and growth is almost obvious, the effect of inflation...
How Important is Technology? A Counterfactual Analysis (2008)
The multiplier effect of total factor productivity on aggregate output in the one-sector neoclassical growth...
Inflation, Finance and Growth: A Trilateral Analysis (with Peter L. Rousseau) (2008)
A large body of evidence links financial development to economic growth, yet the channels through...
Inflation Targeting and Convergence within Turkey (2008)
There is a large body of evidence of the convergence of inflation rates among the...