HAKAN YILMAZKUDAY

Professor of Economics
Florida International University


Curriculum Vitae





On COVID-19 (Regularly Updated)


  1. "COVID-19 and Exchange Rates: Spillover Effects of U.S. Monetary Policy"

    Corresponding Blog Post


  2. "COVID-19 and Monetary Policy with Zero Bounds: A Cross-Country Investigation"

    Corresponding Blog Post



  3. "COVID-19 and Welfare Costs of Reduced Mobility"

    Corresponding Blog Post


  4. "Stay-at-Home Works to Fight Against COVID-19: International Evidence from Google Mobility Data"

    Corresponding Blog Post
    Corresponding Media Coverage


  5. "COVID-19 and Unequal Social Distancing across Demographic Groups"

    Corresponding Blog Post


  6. "COVID-19 Spread and Inter-County Travel: Daily Evidence from the U.S."

    Corresponding Blog Post


  7. "Coronavirus Disease 2019 and the Global Economy"

    Corresponding Blog Post


  8. "COVID-19 Effects on the S&P 500 Index"

    Corresponding Blog Post


  9. "COVID-19 Effects on the U.S. Unemployment: Nationwide and State-Level Evidence from Google Trends"

    Corresponding Blog Post


  10. "COVID-19 and Daily Oil Price Pass-Through"

    Corresponding Blog Post









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. "Early 20th Century American Exceptionalism: Production, Trade and Diffusion of the Automobile" (with Dong Cheng, Mario J. Crucini, Hyunseung Oh) revision invited at Journal of International Economics

    Corresponding VOX Column
    Corresponding Media Coverage


  3. "Welfare Gains from Trade in Multi-Sector Models: The Role of Aggregation and Income Elasticities"

    Corresponding Blog Post


  4. "Accounting for Trade Deficits"

    Corresponding Blog Post


  5. "Welfare Costs of Urban Traffic"

    Corresponding Blog Post


  6. "Inflation and Growth: The Role of Institutions"

    Corresponding Blog Post


  7. "Profit Margins in U.S. Domestic Airline Routes"

    Corresponding Blog Post


  8. "Gravity Channels in Trade" (with Yulin Hou and Yun Wang) 

    Corresponding Blog Post


  9. "Decomposing the Gains from Trade through the Standard Gravity Variables" 

    Corresponding Blog Post


  10. "Welfare Costs of Bilateral Currency Crises: The Role of International Trade"

    Corresponding Blog Post


  11. "Oil Price Pass-Through into Consumer Prices: Evidence from U.S. Weekly Data"

    Corresponding Blog Post


  12. "Protectionism, Competitiveness and Inequality: Cross-Country Evidence from Soccer"

    Corresponding Blog Post


  13. "Welfare Implications of Solving the Distance Puzzle: Global Evidence from the Last Two Centuries"

    Corresponding Blog Post


  14. "Specialization, Distance, and Quality in Economists' Collaborations: How Diverse is Research Really?" (with Ali Sina Onder and Sascha Schweitzer) 


  15. "Housing Price Dynamics within the U.S.: Evidence from Zip Codes with Different Demographics" (with Shahrzad Ghourchian)



Publications (After 2020)


  1. "Unequal Exchange Rate Pass-Through across Income Groups"
    Macroeconomic Dynamics

    Corresponding Blog Post


  2. "Inflation and Exchange Rate Pass-Through" (with Jongrim Ha and Marc Stocker) Journal of International Money and Finance

    Corresponding Blog Post


  3. "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

    Corresponding Blog Post


  4. "The Great Trade Collapse: An Evaluation of Competing Stories Macroeconomic Dynamics

    Corresponding VOX Column
    Corresponding Blog Post


  5. "Gains from Domestic versus International Trade: Evidence from the U.S." Journal of International Trade & Economic Development

    Corresponding Blog Post


  6. "Government Consumption, Government Debt and Economic Growth" (with Shahrzad Ghourchian) Review of Development Economics

    Corresponding Blog Post


  7. "Thirty-Five Years of Peer-Reviewed Publishing by North American Economics PhDs: Quantity, Quality, and Beyond" (with Ali Sina Onder) Open Economics

    Corresponding VOX Column



Publications (Before 2020)


  1. "Understanding Long-run Price Dispersion" (with Mario J. Crucini) Journal of Monetary Economics

    Corresponding Blog Post


  2. "Understanding Interstate Trade Patterns" Journal of International Economics

    Corresponding Blog Post
    Summary Slides


  3. "Gasoline Prices, Transport Costs, and the U.S. Business Cycles" Journal of Economic Dynamics and Control

    Corresponding Blog Post


  4. "Trade and Cities" (with Cem Karayalcin) World Bank Economic Review

    Corresponding Blog Post
    Corresponding Media Coverage


  5. "Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis World Bank Economic Review

    Corresponding Blog Post

    Summary Slides


  6. "Agglomeration and Trade: State-Level Evidence from U.S. Industries" Journal of Regional Science

    Corresponding Blog Post
    Summary Slides


  7. "Understanding the International Elasticity Puzzle" Journal of Macroeconomics

    Corresponding Blog Post


  8. "Trade Partner Diversification and Growth: How Trade Links Matter" (with Ali Sina Onder) Journal of Macroeconomics

    Corresponding Blog Post


  9. "Relative Price Variability and Inflation: Evidence from Micro Price Data" (with Deniz Baglan and Ege Yazgan) Journal of Macroeconomics

    Corresponding Blog Post


  10. "Pass-through of Trade Costs to U.S. Import Prices" Review of World Economics

    Corresponding Blog Post


  11. "The Role of Direct Flights in Trade Costs" (with Demet Yilmazkuday) Review of World Economics

    Corresponding Blog Post
    Corresponding Media Coverage


  12. "A Solution to the Missing Globalization Puzzle by Non-CES PreferencesReview of International Economics

    Corresponding Blog Post


  13. "Mismeasurement of Distance Effects: The Role of Internal Location of Production" Review of International Economics

    Corresponding Blog Post


  14. "Bilateral versus Multilateral Free Trade Agreements: A Welfare Analysis" (with Demet Yilmazkuday) Review of International Economics

    Corresponding Blog Post

    Summary Slides


  15. "Estimating the Trade Elasticity over Time" Economics Letters

    Corresponding Blog Post


  16. "Price Dispersion across U.S. Districts of Entry" Economics Letters

    Corresponding Blog Post


  17. "Business Cycles through International Shocks: A Structural Investigation"  Economics Letters

    Corresponding Blog Post

    Summary Slides


  18. "Price-Level Convergence: New Evidence from U.S. Cities" (with Ege Yazgan) Economics Letters

    Corresponding Blog Post

    Summary Slides


  19. "Spatial Dispersion of Retail Margins: Evidence from Turkish Agricultural PricesAgricultural Economics

    Corresponding Blog Post


  20. "Individual Tax Rates and Regional Tax Revenues: A Cross-State AnalysisRegional Studies

    Corresponding Blog Post
    Corresponding Media Coverage


  21. "Financial Health and The Intensive Margin of Trade" (with Deniz Baglan) Emerging Markets Finance and Trade

    Corresponding Blog Post


  22. "Forecasting the Great Trade Collapse" International Economics

    Corresponding Blog Post


  23. "Redistributive Effects of Gasoline Prices" (with Demet Yilmazkuday) Networks and Spatial Economics

    Corresponding Blog Post


  24. "Anti-Crime Laws and Retail Prices" Review of Law and Economics

    Corresponding Blog Post


  25. "Geographical Dispersion of Consumer Search Behavior" Applied Economics

    Corresponding Blog Post


  26. "Asymmetric Incidence of Sales Taxes: A Short-Run Investigation of Gasoline PricesJournal of Economics and Business

    Corresponding Blog Post


  27. "Understanding Gasoline Price Dispersion" (with Demet Yilmazkuday) Annals of Regional Science

    Corresponding Blog Post


  28. "Constant versus Variable Markups: Implications for the Law of One Price" International Review of Economics and Finance

    Corresponding Blog Post


  29. "High versus Low Inflation: Implications on Price-Level Convergence" (with Ege Yazgan) Empirical Economics

    Corresponding Blog Post


  30. "Inflation Targeting, Flexible Exchange Rates and Inflation Convergence" Applied Economics

    Corresponding Blog Post


  31. "Daily Exchange Rate Pass-Through into Micro Prices" (with Renzo Alvarez, Amin Shoja and Syed Uddin) Applied Economics Letters

    Corresponding Blog Post


  32. "How Wide is the Border across U.S. States?" Letters in Spatial and Resource Sciences

    Corresponding Blog Post


  33. "Inflation Thresholds and Growth" International Economic Journal

    Corresponding Blog Post


  34. "Importer-Specific Elasticities of Demand: Evidence from U.S. ExportsInternational Review of Economics and Finance

    Corresponding Blog Post


  35. "The Effects of Currency Crises on the Long-Run Growth" Applied Economics Letters

    Corresponding Blog Post


  36. "Inflation, Financial Development, and Growth: A Trilateral Analysis" (with Peter L. Rousseau) Economic Systems

    Corresponding Blog Post


  37. "Can Inflation Targeting Regimes be Effective in Developing Countries? The Turkish Experience" (with Ali Kutan and Cem Akyurek) Journal of Asian Economics


  38. Monetary Policy and Credit Cards: Evidence from a Small-Open Economy Economic Modelling


  39. "The IS Puzzle and Relative Risk Aversion in Turkey" (with Ege Yazgan) Empirical Economics Letters


  40. "The Effects of Credit and Debit Cards on the Currency Demand" (with Ege Yazgan), Applied Economics


  41. "The Effects of Currency Crises On the Business Cycles: An Alternative Regime-Shifting Approach" Emerging Markets Finance and Trade


  42. "Productivity Cycles in Public and Private Manufacturing Sectors: Evidence from Turkey" International Journal of Applied Economics


  43. "Okun's Convergence within the U.S." (with Ege Yazgan) Letters in Spatial and Resource Sciences


  44. "An Analysis of Regime Shifts in the Turkish Economy" (with Koray Akay) Economic Modelling


  45. "Twin Crises in Turkey: A Comparison of Currency Crisis Models" European Journal of Comparative Economics


  46. "Structural Breaks in Monetary Policy Rules: Evidence from Transition Countries" Emerging Markets Finance and Trade


  47. "Money Shocks and Output: A Contemporary Money Demand Approach" Empirical Economics Letters


  48. "Inflation Targeting Supported by Managed Exchange Rate" Applied Economics


  49. "Monetary Policy Rules in Practice: Evidence from Turkey and Israel" (with Ege Yazgan) Applied Financial Economics


  50. "Inflation Dynamics of Turkey: A Structural Estimation" (with Ege Yazgan) Studies in Nonlinear Dynamics and Econometrics

    Summary Slides








Last Updated: May 2020