Academic Publications

1. "Understanding Long-run Price Dispersion" (with Mario J. Crucini) Journal of Monetary Economics
   
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2. "Gains from Trade: Does Sectoral Heterogeneity Matter?" (with Rahul Giri and Kei-Mu Yi) Journal of International Economics
   
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3. "Understanding Interstate Trade Patterns" Journal of International Economics
   
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4. "Early 20th Century American Exceptionalism: Production, Trade and Diffusion of the Automobile" (with Dong Cheng, Mario J. Crucini, Hyunseung Oh) Journal of International Economics
   
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5. "Gasoline Prices, Transport Costs, and the U.S. Business Cycles" Journal of Economic Dynamics and Control
   
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6. "What Explains Global Inflation" (with Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge) IMF Economic Review
   
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7. "Diminishing Gains from Trade across Countries: Interaction between Trade Elasticity and Openness" Journal of International Money and Finance
   
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8. "Accounting for Trade Deficits" Journal of International Money and Finance
   
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9. "Oil Price Pass-Through into Consumer Prices: Evidence from U.S. Weekly Data" Journal of International Money and Finance
   
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10. "Inflation and Exchange Rate Pass-Through" (with Jongrim Ha and Marc Stocker) Journal of International Money and Finance
    
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11. "The Impact of China’s Fiscal and Monetary Policy Responses to the Great Recession: An Analysis of Firm-Level Chinese Data" (with Wenjun Xue and Jason Taylor) Journal of International Money and Finance
    
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12. "Geopolitical Risks and Energy Uncertainty: Implications for Global and Domestic Energy Prices" Energy Economics
    
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13. "Understanding the Global Drivers of Inflation: How Important are Oil Prices?" (with Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge) Energy Economics
    
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14. "Energy Price Shocks and Current Account Balances: Evidence from Emerging Market and Developing Economies" (with Mathilde Lebrand and Garima Vasishtha) Energy Economics
    
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15. "Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis"  World Bank Economic Review
    
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16. "Trade and Cities" (with Cem Karayalcin) World Bank Economic Review
    
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17. "Understanding the International Elasticity Puzzle" Journal of Macroeconomics
    
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18. "Trade Partner Diversification and Growth: How Trade Links Matter" (with Ali Sina Onder) Journal of Macroeconomics
    
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19. "Relative Price Variability and Inflation: New Evidence" (with Deniz Baglan and Ege Yazgan) Journal of Macroeconomics
    
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20. "Drivers of Inflation Convergence across Countries: The Role of Standard Gravity Variables" Macroeconomic Dynamics
    
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21. "Unequal Exchange Rate Pass-Through across Income Groups" Macroeconomic Dynamics
    
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22. "The Great Trade Collapse: An Evaluation of Competing Stories" Macroeconomic Dynamics
    
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23. "Drivers of International Fiscal Spillovers" Economics & Politics
    
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24. "Geopolitical Risk and Stock Prices" European Journal of Political Economy
    
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25. "Geopolitical Risk, Supply Chains, and Global Inflation" (with Omid Asadollah, Linda Carmy and Md. Rezwanul Hoque) The World Economy
    
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26. "Welfare Costs of COVID-19: Evidence from U.S. Counties" Journal of Regional Science
    
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27. "Agglomeration and Trade: State-Level Evidence from U.S. Industries" Journal of Regional Science
    
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28. "Inflation Convergence over Time: Sector-Level Evidence within Europe" International Finance
    
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29. "Welfare Costs of Bilateral Currency Crises: The Role of International Trade" International Finance
    
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30. "Pass-through of Trade Costs to U.S. Import Prices" Review of World Economics
    
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31. "The Role of Direct Flights in Trade Costs" (with Demet Yilmazkuday) Review of World Economics
    
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32. "Pass-Through of Shocks into Different U.S. Prices" Review of International Economics
    
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33. "A Solution to the Missing Globalization Puzzle by Non-CES Preferences" Review of International Economics
    
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34. "Mismeasurement of Distance Effects: The Role of Internal Location of Production" Review of International Economics
    
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35. "Bilateral versus Multilateral Free Trade Agreements: A Welfare Analysis" (with Demet Yilmazkuday) Review of International Economics
    
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36. "Government Consumption, Government Debt and Economic Growth" (with Shahrzad Ghourchian) Review of Development Economics
    
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37. "Geopolitical Risks and Cryptocurrency Returns" Review of Financial Economics
    
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38. "Uneven Effects of Monetary Policy: Sectoral Disparities in Credit Card Spending" Central Bank Review
    
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39. "High versus Low Inflation: Implications on Price-Level Convergence" (with Ege Yazgan) Empirical Economics
    
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40. "Estimating the Trade Elasticity over Time" Economics Letters
    
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41. "Price Dispersion across U.S. Districts of Entry" Economics Letters
    
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42. "Business Cycles through International Shocks: A Structural Investigation" Economics Letters
    
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43. "Price-Level Convergence: New Evidence from U.S. Cities" (with Ege Yazgan) Economics Letters
    
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44. "Monetary Policy and Credit Cards: Evidence from a Small-Open Economy" Economic Modelling
    
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45. "An Analysis of Regime Shifts in the Turkish Economy" (with Koray Akay) Economic Modelling
    
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46. "Constant versus Variable Markups: Implications for the Law of One Price" International Review of Economics and Finance
    
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47. "Importer-Specific Elasticities of Demand: Evidence from U.S. Exports" International Review of Economics and Finance
    
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48. "Welfare Costs of Urban Traffic through Retail Prices" Transport Policy
    
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49. "Coronavirus Disease 2019 and the Global Economy" Transport Policy
    
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50. "Profit Margins in U.S. Domestic Airline Routes" Transport Policy
    
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51. "Asymmetric Incidence of Sales Taxes: A Short-Run Investigation of Gasoline Prices" Journal of Economics and Business
    
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52. "Drivers of Turkish Inflation" Quarterly Review of Economics and Finance
    
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53. "Can Inflation Targeting Regimes be Effective in Developing Countries? The Turkish Experience" (with Ali Kutan and Cem Akyurek) Journal of Asian Economics
    
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54. "Forecasting the Great Trade Collapse" International Economics
    
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55. "Inflation, Financial Development, and Growth: A Trilateral Analysis" (with Peter L. Rousseau) Economic Systems
    
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56. "Spatial Dispersion of Retail Margins: Evidence from Turkish Agricultural Prices" Agricultural Economics
    
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57. "Gains from Domestic versus International Trade: Evidence from the U.S." Journal of International Trade & Economic Development
    
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58. "Welfare Implications of Solving the Distance Puzzle: Global Evidence from the Last Two Centuries" Journal of International Trade & Economic Development
    
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59. "Gravity Channels in Trade" (with Yulin Hou and Yun Wang) Journal of International Trade & Economic Development
    
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60. "Individual Tax Rates and Regional Tax Revenues: A Cross-State Analysis" Regional Studies
    
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61. "Unequal Welfare Gains from Trade across Countries: The Role of Aggregation and Income Elasticities" International Economic Journal
    
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62. "Protectionism, Competitiveness and Inequality: Cross-Country Evidence from Soccer" International Economic Journal
    
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63. "Drivers of Global Trade: A Product-Level Investigation" International Economic Journal
    
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64. "Decomposing the Gains from Trade through the Standard Gravity Variables" International Economic Journal
    
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65. "Inflation Thresholds and Growth" International Economic Journal
    
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66. "Geographical Dispersion of Consumer Search Behavior" Applied Economics
    
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67. "Inflation Targeting, Flexible Exchange Rates and Inflation Convergence" Applied Economics
    
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68. "Inflation Targeting Supported by Managed Exchange Rate" Applied Economics
    
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69. "Effects of Credit and Debit Cards on the Currency Demand" (with Ege Yazgan), Applied Economics
    
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70. "COVID-19 Effects on the S&P 500 Index" Applied Economics Letters
    
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71. "Daily Exchange Rate Pass-Through into Micro Prices" (with Renzo Alvarez, Amin Shoja and Syed Uddin) Applied Economics Letters
    
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72. "The Effects of Currency Crises on the Long-Run Growth" Applied Economics Letters
    
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73. "Monetary Policy Rules in Practice: Evidence from Turkey and Israel" (with Ege Yazgan) Applied Financial Economics
    
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74. "Financial Health and The Intensive Margin of Trade" (with Deniz Baglan) Emerging Markets Finance and Trade
    
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75. "The Effects of Currency Crises in Emerging Markets on the Industrial Sector: An Alternative Regime-Shifting Approach" Emerging Markets Finance and Trade
    
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76. "Structural Breaks in Monetary Policy Rules: Evidence from Transition Countries" Emerging Markets Finance and Trade
    
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77. "Welfare Costs of Travel Reductions within the U.S. due to COVID-19" Regional Science, Policy and Practice
    
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78. "COVID-19 and Unequal Social Distancing across Demographic Groups" Regional Science, Policy and Practice
    
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79. "COVID-19 and Housing Prices: Evidence from U.S. County-Level Data" Review of Regional Research
    
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80. "How Wide is the Border across U.S. States?" Letters in Spatial and Resource Sciences
    
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81. "Okun's Convergence within the U.S." (with Ege Yazgan) Letters in Spatial and Resource Sciences
    
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82. "Inflation and Growth: The Role of Institutions" Journal of Economics and Finance
    
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83. "Welfare Costs of Shopping Trips" The Annals of Regional Science
    
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84. "Understanding Gasoline Price Dispersion" (with Demet Yilmazkuday) The Annals of Regional Science
    
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85. "COVID-19 and Exchange Rates: Spillover Effects of U.S. Monetary Policy" Atlantic Economic Journal
    
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86. "A Political Economy Analysis of Changes and Continuities in Iran-Africa Trade Relations: A Case of South-South Dependency?" (with Eric Lob) Review of Social Economy
    
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87. "Inflation Dynamics of Turkey: A Structural Estimation" (with Ege Yazgan) Studies in Nonlinear Dynamics and Econometrics
    
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88. "Nonlinear Effects of Mobility on COVID-19 in the U.S.: Targeted Lockdowns Based on Income and Poverty" Journal of Economic Studies
    
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89. "Specialization, Field Distance and Quality in Economists' Collaborations" (with Ali Sina Onder and Sascha Schweitzer) Journal of Informetrics
    
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90. "Thirty-Five Years of Peer-Reviewed Publishing by North American Economics PhDs: Quantity, Quality, and Beyond" (with Ali Sina Onder) Open Economics
    
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91. "Stay-at-Home Works to Fight Against COVID-19: International Evidence from Google Mobility Data" Journal of Human Behavior in the Social Environment
    
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92. "Fighting Against COVID-19 Requires Wearing a Face Mask by Not Some but All" Transportation Research Interdisciplinary Perspectives
    
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93. "COVID-19 Spread and Inter-County Travel: Daily Evidence from the U.S." Transportation Research Interdisciplinary Perspectives
    
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94. "COVID-19 and Monetary Policy with Zero Bounds: A Cross-Country Investigation" Finance Research Letters
    
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95. "Unequal Unemployment Effects of COVID-19 and Monetary Policy across U.S. States" Journal of Behavioral Economics for Policy
    
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96. "Money Shocks and Output: A Contemporary Money Demand Approach" Empirical Economics Letters
    
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97. "The IS Puzzle and Relative Risk Aversion in Turkey" (with Ege Yazgan) Empirical Economics Letters
    
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98. "Productivity Cycles in Public and Private Manufacturing Sectors: Evidence from Turkey" International Journal of Applied Economics
    
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99. "Twin Crises in Turkey: A Comparison of Currency Crisis Models" European Journal of Comparative Economics
    
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100. "Anti-Crime Laws and Retail Prices" Review of Law and Economics
     
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101. "COVID-19 and Daily Oil Price Pass-Through" Energy Research Letters
     
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102. "Redistributive Effects of Gasoline Prices" (with Demet Yilmazkuday) Networks and Spatial Economics
     
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103. "Changes in Consumption in the Early COVID-19 Era: Zip-Code Level Evidence from the U.S." Journal of Risk and Financial Management
     
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104. "Unequal Welfare Costs of Staying at Home across Socioeconomic and Demographic Groups" International Journal of Urban Sciences
     
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Working Papers

1. "Geopolitical Risks and Exchange Rates" revision invited at Finance Research Letters
   
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2. "Drivers of Income Growth Inequality" revision invited at Review of Development Economics
   
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3. "Shock-Dependent Phillips Curve: Evidence from the U.S." revision invited at Pacific Economic Review
   
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4. "Drivers of Growth Spillovers"
   
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5. "El Niño, La Niña and Inflation"
   
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6. "Welfare Costs of Oil Price Shocks"
   
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7. "Geopolitical Risks and Shipping Costs"
   
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8. "Asymmetric Exchange Rate Pass-Through"
   
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9. "Drivers of Credit and Debit Card Transactions" 
   
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10. "Inflation Spillovers through International Trade"
    
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11. "Accounting for the Gains from Tariff Reductions"
    
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12. "Real Exchange Rate Volatility and Economic Growth"
    
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13. "Artificial Intelligence and Labor Markets: Evidence from Google Trends"
    
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14. "International Spillover Effects of Geopolitical Risks on Economic Growth"
    
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15. "Gains from Reducing Transport Costs: Essential Transport Policy Suggestions"
    
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16. "Global Supply Chains and Geopolitical Risks: Policy Implications for Trade Deficits"
    
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17. "Global versus Domestic Supply Chain Disruptions: Implications for Inflation and Economic Confidence"
    
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18. "Exchange Rate Determination under Alternative Inflation Targets: The Role of Trade Costs" (with Renzo Alvarez)
    
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19. "Housing Price Dynamics within the U.S.: Evidence from Zip Codes with Different Demographics" (with Shahrzad Ghourchian)
    
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20. "Energy Security and Economic Growth: The Role of Geopolitical Tensions" (with Khandaker Jahangir Alam and Aida Ashtari Nakhaee)
    
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