HAKAN YILMAZKUDAY

Professor of Economics @ FIU

Curriculum Vitae





Research and Teaching Fields

  • International Trade and Finance
  • Growth and Development
  • Monetary Economics
  • Regional Economics
  • Macroeconomics


Working Papers

  1. "Gains from Trade: Does Sectoral Heterogeneity Matter?" (with Rahul Giri and Kei-Mu Yi) revision invited at Journal of International Economics

  2. "The Great Trade Collapse: An Evaluation of Competing Stories" revision invited at Macroeconomic Dynamics
    Corresponding Blog Post

  3. "Domestic vs. International Welfare Gains from Trade" revision invited at Journal of International Trade and Economic Development
    Corresponding Blog Post


  4. "Welfare Gains from Trade in Multi-Sector Models: The Role of Aggregation and Income Elasticities" under review
  5. Corresponding Blog Post

  6. “Inflation and Exchange Rate Pass-Through” (with Jongrim Ha and Marc Stocker) under review

  7. "Accounting for Trade Deficits" under review
    Corresponding Blog Post


  8. "Estimating the Trade Elasticity over Time" under review
    Corresponding Blog Post


  9. "Exchange Rate Pass-Through into Welfare" under review
    Corresponding Blog Post


  10. “Gravity Channels in Trade” (with Yulin Hou and Yun Wang) under review

  11. Government Consumption, Government Debt and Economic Growth” (with Shahrzad Ghourchian) under review

  12. "Specialization, Distance, and Research Quality in Collaborations: So Far yet so Close" (with Ali Sina Onder and Sascha Schweitzer) under review



Publications in Refereed Journals

International/Regional Macroeconomics

  1. "Understanding Long-run Price Dispersion" (with Mario J. Crucini), Journal of Monetary Economics, 2014, 66: 226-240.
    Corresponding Blog Post

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

  3. "Understanding the International Elasticity Puzzle" Journal of Macroeconomics, 2019, 59: 140-153.
    Corresponding Blog Post

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

  5. "Price Dispersion across U.S. Districts of Entry" Economics Letters, 2014, 123(3): 361-365.
    Corresponding Blog Post

  6. "Business Cycles through International Shocks: A Structural Investigation"  Economics Letters, 2012, 115: 329-333.
     
    Corresponding Blog Post
    Summary Slides

     

  7. "Price-Level Convergence: New Evidence from U.S. Cities" (with Ege Yazgan), Economics Letters, 2011, 110: 76-78.
    Corresponding Blog Post
    Summary Slides

  8. "The Role of Direct Flights in Trade Costs" (with Demet Yilmazkuday) Review of World Economics, 2017, 153(2): 249-270.
    Corresponding Blog Post
    Corresponding Media Coverage

  9. "Spatial Dispersion of Retail Margins: Evidence from Turkish Agricultural PricesAgricultural Economics, 2018, 49(4): 455-462.
    Corresponding Blog Post

  10. "Redistributive Effects of Gasoline Prices" (with Demet Yilmazkuday) Networks and Spatial Economics, 2019, 19(1): 109–124.
    Corresponding Blog Post

  11. "Anti-Crime Laws and Retail Prices" Review of Law and Economics, 2017, 13(3): 1-18.
    Corresponding Blog Post

  12. "Geographical Dispersion of Consumer Search Behavior" Applied Economics, 2017, 49(57): 5740–5752.
    Corresponding Blog Post

  13. "Asymmetric Incidence of Sales Taxes: A Short-Run Investigation of Gasoline PricesJournal of Economics and Business, 2017, 91: 16-23.
    Corresponding Blog Post

  14. "Understanding Gasoline Price Dispersion" (with Demet Yilmazkuday) The Annals of Regional Science, 2016, 57(1): 223-252.
    Corresponding Blog Post

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

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

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

  18. "Daily Exchange Rate Pass-Through into Micro Prices" (with Renzo Alvarez, Amin Shoja and Syed Uddin) Applied Economics Letters, 2019, 26(6): 440-445.
    Corresponding Blog Post

  19. "How Wide is the Border across U.S. States?" Letters in Spatial and Resource Sciences, 2012, 5(1): 25-31.
    Corresponding Blog Post

  20. "Okun's Convergence within the U.S." (with Ege Yazgan), Letters in Spatial and Resource Sciences, 2009, 2(2-3): 109-122.  



International/Regional Trade

  1. "Understanding Interstate Trade Patterns" Journal of International Economics, 2012, 86: 158-166.
     
    Corresponding Blog Post
    Summary Slides

     


  2. "Agglomeration and Trade: State-Level Evidence from U.S. Industries" Journal of Regional Science, 2011, 51(1): 139-166.
     
    Corresponding Blog Post
    Summary Slides  


  3. "A Solution to the Missing Globalization Puzzle by Non-CES PreferencesReview of International Economics, 2017, 25(3): 649-676.
    Corresponding Blog Post

  4. "Individual Tax Rates and Regional Tax Revenues: A Cross-State AnalysisRegional Studies, 2017, 51(5): 701-711.
    Corresponding Blog Post
    Corresponding Media Coverage

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

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

  7. "Bilateral versus Multilateral Free Trade Agreements: A Welfare Analysis" (with Demet Yilmazkuday), Review of International Economics, 2014, 22(3): 513–535.
    Corresponding Blog Post
    Summary Slides

  8. "Financial Health and The Intensive Margin of Trade" (with Deniz Baglan) Emerging Markets Finance and Trade, 2018, 54(6): 1304-1319.
    Corresponding Blog Post

  9. "Forecasting the Great Trade Collapse" International Economics, 2016, 147: 145-154.
    Corresponding Blog Post

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



Growth and Development

  1. "Trade and Cities" (with Cem Karayalcin) World Bank Economic Review, 2015, 29 (3): 523-549.
    Corresponding Blog Post
    Corresponding Media Coverage


  2. "Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis World Bank Economic Review, 2011, 25(2): 278-295.
    Corresponding Blog Post
    Summary Slides

  3. "Trade Partner Diversification and Growth: How Trade Links Matter" (with Ali Sina Onder) Journal of Macroeconomics, 2016, 50: 241–258.
    Corresponding Blog Post

  4. "Inflation Thresholds and Growth" International Economic Journal, 2013, 27(1): 1-10.
    Corresponding Blog Post

  5. "The Effects of Currency Crises on the Long-Run Growth" Applied Economics Letters, 2010, 17(3): 209-212.

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



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
     


 

 

Last Updated: June 21, 2019