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HAKAN YILMAZKUDAY

 

Associate Professor of Economics @ Florida International University 

Associate Editor @ Economics Bulletin

Associate Editor @ Journal of Global Analysis

Editorial Board Member @ Economic Systems

Research Associate @ Globalization and Monetary Policy Institute - Dallas Fed

Contributing Partner @ Centers for International Price Research  - Vanderbilt University

 



 

 

Office Address
11200 SW 8th Street
Department of Economics
Florida International University
Miami, FL 33199, USA

E-mail Address
hyilmazk@fiu.edu

 

 

 

 

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Highlights

    • "Understanding Long-run Price Dispersion" (with Mario J. Crucini) has been published at Journal of Monetary Economics
    • "Understanding Interstate Trade Patterns" has been published at
      Journal of International Economics
    • "Gasoline Prices, Transport Costs, and the U.S. Business Cycles" has been published at Journal of Economic Dynamics and Control.
    • "Relative Price Variability and Inflation: Evidence from Micro Price Data" (with Deniz Baglan and Ege Yazgan)  has been published at Journal of Macroeconomics
    • "Mismeasurement of Distance Effects: The Role of Internal Location of Production" has been published at Review of International Economics
    • "Trade and Cities" (with Cem Karayalcin) has been published at
      World Bank Economic Review
      .
       
    • "Agglomeration and Trade: State-Level Evidence from U.S. Industries" has been published at Journal of Regional Science
    • "Bilateral versus Multilateral Free Trade Agreements: A Welfare Analysis" (with Demet Yilmazkuday) has been published at Review of International Economics
    • "Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis has been published at World Bank Economic Review
    • "Pass-through of Trade Costs to U.S. Import Prices" has been published at
      Review of World Economics.

    • "Individual Tax Rates and Regional Tax Revenues: A Cross-State Analysis" has been published at Regional Studies.


Research and Teaching Fields

Primary Fields: International Economics, Regional Economics.

Secondary Fields: Macroeconomics, Monetary Economics, Growth and Development

  

 

Research Grants

“International Cities as the Economic Unit of Account: Theory and Measurement,” (with Mario J. Crucini and Mototsugu Shintani). Awarded by the National Science Foundation (Award # 1030164). September 2010 – August 2015. The total award was $513,111.

 

  

Research Papers Published (or under review) in Refereed Journals


International/Regional Trade

  1. "Individual Tax Rates and Regional Tax Revenues: A Cross-State Analysis" accepted at Regional Studies.
    Corresponding Media Coverage
  2. "Forecasting the Great Trade Collapse" accepted at International Economics

  3. "Pass-through of Trade Costs to U.S. Import Prices," Review of World Economics, 2015, 151(4): 609-633.

  4. "Importer-Specific Elasticities of Demand: Evidence from U.S. Exports,"  International Review of Economics and Finance, 2015, 35: 228:234.

  5. "Mismeasurement of Distance Effects: The Role of Internal Location of Production," Review of International Economics, 2014, 22(5): 992–1015.

  6. "Bilateral versus Multilateral Free Trade Agreements: A Welfare Analysis" (with Demet Yilmazkuday), Review of International Economics, 2014, 22(3): 513–535.
    Summary Slides
     
  7. "Understanding Interstate Trade Patterns," Journal of International Economics, 2012, 86: 158-166.
    Summary Slides  
  8. "Agglomeration and Trade: State-Level Evidence from U.S. Industries," Journal of Regional Science, 2011, 51(1): 139-166.
    Summary Slides
     
  9. "The Great Trade Collapse: A Horse Race of Competing Stories" revision invited at Empirical Economics.

  10. "Financial Health and The Intensive Margin of Trade" (with Deniz Baglan) revision invited at Emerging Markets Finance and Trade

  11. "A Solution to the Missing Globalization Puzzle by Non-CES Preferences" revision invited at Review of International Economics

  12. "Production versus Transportation Technologies: Theory and Evidence"

 

International/Regional Macroeconomics

  1. "Relative Price Variability and Inflation: Evidence from Micro Price Data" (with Deniz Baglan and Ege Yazgan) Journal of Macroeconomics, 2016, 48: 263:282.

  2. "High versus Low Inflation: Implications on Price-Level Convergence" (with Ege Yazgan) Empirical Economics, 2016, 50: 1527-1563

  3. "Constant versus Variable Markups: Implications for the Law of One Price" International Review of Economics and Finance, 2016, 44: 154-168.

  4. "Gasoline Prices, Transport Costs, and the U.S. Business Cycles," Journal of Economic Dynamics and Control, 2014, 45: 165–179.

  5. "Understanding Long-run Price Dispersion" (with Mario J. Crucini), Journal of Monetary Economics, 2014, 66: 226-240.
  1. "Price Dispersion across U.S. Districts of Entry," Economics Letters, 2014, 123(3): 361-365.

  2. "Inflation Targeting, Flexible Exchange Rates and Inflation Convergence," Applied Economics, 2013, 45(3): 593-603.

  3. "Business Cycles through International Shocks: A Structural Investigation,"  Economics Letters, 2012, 115: 329-333.
    Summary Slides  
  4. "How Wide is the Border across U.S. States?" Letters in Spatial and Resource Sciences, 2012, 5(1): 25-31.

  5. "Price-Level Convergence: New Evidence from U.S. Cities" (with Ege Yazgan), Economics Letters, 2011, 110: 76-78.
    Summary Slides
  6. "Okun's Convergence within the U.S." (with Ege Yazgan), Letters in Spatial and Resource Sciences, 2009, 2(2-3): 109-122.  

  7. "Is there a Role for International Trade Costs in Monetary Policy?" revision invited at International Economic Journal

  8. "Understanding Gasoline Price Dispersion" (with Demet Yilmazkuday) revision invited at The Annals of Regional Science 
  1. "The Role of Direct Flights in Trade Costs" (with Demet Yilmazkuday) revision invited at Review of World Economics.
  1. "Redistributive Effects of Gasoline Prices" (with Demet Yilmazkuday) under review
  1. "Spatial Dispersion of Retail Margins" under review

  

Growth and Development

  1. "Trade and Cities" (with Cem Karayalcin) World Bank Economic Review, 2015, 29 (3): 523-549.
    Corresponding Blog Post
  2. "Inflation Thresholds and Growth", International Economic Journal, 2013, 27(1): 1-10.

  3. "Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis,"  World Bank Economic Review, 2011, 25(2): 278-295.
    Summary Slides
     
  4. "The Effects of Currency Crises on the Long-Run Growth," Applied Economics Letters, 2010, 17(3): 209-212.

  5. "Inflation, Finance and Growth: A Trilateral Analysis" (with Peter L. Rousseau), Economic Systems, 2009, 33(4): 310-324.

  6. "Trade Partner Diversification and Growth: How Trade Links Matter" (with Ali Sina Onder)  under review

 

Macroeconomics and Monetary Economics

  1. "Can Inflation Targeting Regimes be Effective in Developing Countries? The Turkish Experience," (with Ali Kutan and Cem Akyurek), Journal of Asian Economics, 2011, 22(5): 343-355.

  2. “Monetary Policy and Credit Cards: Evidence from a Small-Open Economy”, Economic Modelling, 2011, 28: 201-210.

  3. "The IS Puzzle and Relative Risk Aversion in Turkey" (with Ege Yazgan), Empirical Economics Letters, 2010, 9(2), 131-138.

  4. "The Effects of Credit and Debit Cards on the Currency Demand," (with Ege Yazgan), Applied Economics, 2009, 41(17): 2115-2123.

  5. "The Effects of Currency Crises On the Business Cycles: An Alternative Regime-Shifting Approach," Emerging Markets Finance and Trade, 2009, 45(1): 31-48.

  6. "Productivity Cycles in Public and Private Manufacturing Sectors: Evidence from Turkey," International Journal of Applied Economics, 2009, 6(2): 21-40.

  7. "An Analysis of Regime Shifts in the Turkish Economy," (with Koray Akay), Economic Modelling, 2008, 25(5): 885-898.

  8. "Twin Crises in Turkey: A Comparison of Currency Crisis Models," European Journal of Comparative Economics, 2008, 5(1): 107-124.

  9. "Structural Breaks in Monetary Policy Rules: Evidence from Transition Countries," Emerging Markets Finance and Trade, 2008, 44(6): 87-97.

  10. "Money Shocks and Output: A Contemporary Money Demand Approach," Empirical Economics Letters, 2008, 7(1): 1-4.

  11. "Inflation Targeting Supported by Managed Exchange Rate," Applied Economics, September 2007, 39(16): 2011-2026.

  12. "Monetary Policy Rules in Practice: Evidence from Turkey and Israel" (with Ege Yazgan), Applied Financial Economics, January 2007, 17(1): 1-8.

  13. "Inflation Dynamics of Turkey: A Structural Estimation" (with Ege Yazgan), Studies in Nonlinear Dynamics and Econometrics, 2005, 9(1): 1:13.
    Summary Slides
     
  1. The Role of the Chinese Banking System in Recovery: Evidence from the Great Recession” (with Wenjun Xue) under review

Miscellaneous

  1. "Asymmetric Incidence of Sales Taxes " under review.

  2. "Pro-Competitive Effects of Anti-Crime Laws" under review

  3. "Thirty-Five Years of Peer-Reviewed Publishing by North American Economics Phds: Quantity, Quality, and Beyond" (with Ali Sina Onder)
    Corresponding Vox Column


Published Book Chapters

  1. "What is the Optimal Rate of Inflation for Long-Run Growth? A Cross-Country Analysis," in Richard L. Bertrand ed. Theories and Effects of Economic Growth, 2011, NY: Nova Science Publishers, Inc.

  2. "Why are Trade Agreements Mostly Regional? A Welfare Analysis by Transportation Costs," (with Demet Ulker), in Paul E. Weston and Robert N. Townsend ed. Welfare Economics, 2009, NY: Nova Science Publishers, Inc.

 

 

Ongoing Projects

  1. "Sectoral Heterogeneity and the Gains from Trade" (with Rahul Giri and Kei-Mu Yi) 

  2. “Monetary Policy and Financial Cycles: In Search of The Missing Link” (with Ayhan Kose and Ken Kuttner)

  3. "Globalization Boom and Bust: A Study of US Automobile Exports from 1913 to 1940" (with Mario J. Crucini, Dong Cheng and Hyunseung Oh)

  4. “International versus Intranational Trade: Evidence from Nighttime Lights” (with Rooholah Hadadi)

  5. “Exchange Rate Pass-Through: Evidence from Turkish Daily Prices” (with Renzo Alvarez, Amin Shoja and Syed Uddin)

  6. “Do Gravity Variables Reflect Trade Costs or Preferences? Evidence from U.S. Imports” (with Yulin Hou and Yun Wang)

  7. “Thresholds in the Effects of Government Size on Economic Growth: A Cross-Country Analysis” (with Shahrzad Ghourchian)

  8. “Markups, Firm Location, and Pricing to Market” (with Syed Uddin)

  9. “Elasticities of Substitution in a Nested CES Consumption: Evidence from Daily Data” (with Hasan Toprak)

 

 

 

 

 

 

Last Updated: May 24, 2016