Professor of Economics
Florida International University

Curriculum Vitae

Academic Publications

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

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

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"Understanding Interstate Trade Patterns" Journal of International Economics

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

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"What Explains Global Inflation" (with Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge) IMF Economic Review

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"Connector Countries in a Geoeconomically Fragmenting World" (with Shekhar Aiyar and Franziska Ohnsorge) Journal of International Money and Finance

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"Tariffs, Inflation and Monetary Policy: Implications for Welfare" (with Renzo Alvarez) Journal of International Money and Finance

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"Diminishing Gains from Trade across Countries: Interaction between Trade Elasticity and Openness" Journal of International Money and Finance

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"Accounting for Trade Deficits" Journal of International Money and Finance

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"Oil Price Pass-Through into Consumer Prices: Evidence from U.S. Weekly Data" Journal of International Money and Finance

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

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"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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"Geopolitical Risks and Energy Uncertainty: Implications for Global and Domestic Energy Prices" Energy Economics

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

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

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"Monetary Policy Effectiveness in a Multi-Sector Model: The Amplifying Role of Hand-to-Mouth Households" Journal of Macroeconomics

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"Understanding the International Elasticity Puzzle" Journal of Macroeconomics

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

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"Relative Price Variability and Inflation: New Evidence" (with Deniz Baglan and Ege Yazgan) Journal of Macroeconomics

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"Drivers of Inflation Convergence across Countries: The Role of Standard Gravity Variables" Macroeconomic Dynamics

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

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

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"Drivers of International Fiscal Spillovers" Economics & Politics

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"Geopolitical Risk and Stock Prices" European Journal of Political Economy

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"Geopolitical Risk, Supply Chains, and Global Inflation" (with Omid Asadollah, Linda Carmy and Md. Rezwanul Hoque) The World Economy

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"Welfare Costs of COVID-19: Evidence from U.S. Counties" Journal of Regional Science

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

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"International Spillovers of Conventional versus Unconventional U.S. Monetary Policy" International Finance

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"Global versus Domestic Supply Chain Disruptions: Implications for Inflation and Economic Confidence" International Finance

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"Inflation Convergence over Time: Sector-Level Evidence within Europe" International Finance

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

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

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

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"Asymmetric Exchange Rate Pass-Through" Review of International Economics

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"Pass-Through of Shocks into Different U.S. Prices" Review of International Economics

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"A Solution to the Missing Globalization Puzzle by Non-CES Preferences" Review of International Economics

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

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

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"Drivers of Income Growth Inequality" Review of Development Economics

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

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"Accounting for the Patterns of Invoicing Currency in Global Trade" International Economics and Economic Policy

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"Unequal Inflationary Effects of Tariffs across Socio-Demographic Groups" International Economics and Economic Policy

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"Drivers of Credit and Debit Card Transactions" Review of Financial Economics

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"Geopolitical Risks and Cryptocurrency Returns" Review of Financial Economics

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"Geopolitical Risks and Monetary Policy: Effects of Global versus Ukrainian Shocks" Scottish Journal of Political Economy

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"Energy Security and Economic Growth: The Role of Geopolitical Tensions" (with Khandaker Jahangir Alam and Aida Ashtari Nakhaee) Energy

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"Uneven Effects of Monetary Policy: Sectoral Disparities in Credit Card Spending" Central Bank Review

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"Navigating Geopolitical Risks: Shipping Costs and Policy Implications" Maritime Policy & Management

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"Expected versus Unexpected Inflation: The Role of Trade Policy" The North American Journal of Economics and Finance

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

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"Estimating the Trade Elasticity over Time" Economics Letters

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

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

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

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

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

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

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

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"Welfare Costs of Urban Traffic through Retail Prices" Transport Policy

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"Coronavirus Disease 2019 and the Global Economy" Transport Policy

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"Profit Margins in U.S. Domestic Airline Routes" Transport Policy

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"Shock-Dependent Phillips Curve: Evidence from the U.S" Pacific Economic Review

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"Stock Market Development and Economic Growth: The Role of Institutional Quality" Borsa Istanbul Review

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"Geopolitical Tensions and Trade: Mitigating through Partner Diversification" Journal of Economics and Business

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"Asymmetric Incidence of Sales Taxes: A Short-Run Investigation of Gasoline Prices" Journal of Economics and Business

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"Drivers of Turkish Inflation" Quarterly Review of Economics and Finance

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"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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"Forecasting the Great Trade Collapse" International Economics

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"Drivers of Growth Spillovers" Economic Systems

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

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"Spatial Dispersion of Retail Margins: Evidence from Turkish Agricultural Prices" Agricultural Economics

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

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"Welfare Implications of Solving the Distance Puzzle: Global Evidence from the Last Two Centuries" Journal of International Trade & Economic Development

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"Gravity Channels in Trade" (with Yulin Hou and Yun Wang) Journal of International Trade & Economic Development

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"Individual Tax Rates and Regional Tax Revenues: A Cross-State Analysis" Regional Studies

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"Gains from Reducing Transport Costs: Essential Transport Policy Suggestions" International Economic Journal

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"Real Exchange Rate Volatility and Economic Growth" International Economic Journal

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"Unequal Welfare Gains from Trade across Countries: The Role of Aggregation and Income Elasticities" International Economic Journal

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"Protectionism, Competitiveness and Inequality: Cross-Country Evidence from Soccer" International Economic Journal

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"Drivers of Global Trade: A Product-Level Investigation" International Economic Journal

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"Decomposing the Gains from Trade through the Standard Gravity Variables" International Economic Journal

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"Inflation Thresholds and Growth" International Economic Journal

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"Geographical Dispersion of Consumer Search Behavior" Applied Economics

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

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"Inflation Targeting Supported by Managed Exchange Rate" Applied Economics

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

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"COVID-19 Effects on the S&P 500 Index" Applied Economics Letters

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

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

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

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

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

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"Welfare Costs of Travel Reductions within the U.S. due to COVID-19" Regional Science, Policy and Practice

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"COVID-19 and Unequal Social Distancing across Demographic Groups" Regional Science, Policy and Practice

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"COVID-19 and Housing Prices: Evidence from U.S. County-Level Data" Review of Regional Research

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

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

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"ChatGPT and Stock Returns" Journal of Economics and Finance

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"Artificial Intelligence and Labor Markets: Evidence from Google Trends" Journal of Economics and Finance

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"Inflation and Growth: The Role of Institutions" Journal of Economics and Finance

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"Welfare Costs of Shopping Trips" The Annals of Regional Science

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

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

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

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"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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"Specialization, Field Distance and Quality in Economists' Collaborations" (with Ali Sina Onder and Sascha Schweitzer) Journal of Informetrics

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"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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"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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"Fighting Against COVID-19 Requires Wearing a Face Mask by Not Some but All" Transportation Research Interdisciplinary Perspectives

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"COVID-19 Spread and Inter-County Travel: Daily Evidence from the U.S." Transportation Research Interdisciplinary Perspectives

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"International Spillover Effects of Geopolitical Risks on Economic Growth" Finance Research Letters

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"U.S. Tariffs and Stock Prices" Finance Research Letters

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"Geopolitical Risks and Exchange Rates" Finance Research Letters

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"COVID-19 and Monetary Policy with Zero Bounds: A Cross-Country Investigation" Finance Research Letters

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"Unequal Unemployment Effects of COVID-19 and Monetary Policy across U.S. States" Journal of Behavioral Economics for Policy

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

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

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

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

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

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"COVID-19 and Daily Oil Price Pass-Through" Energy Research Letters

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

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"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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"Unequal Welfare Costs of Staying at Home across Socioeconomic and Demographic Groups" International Journal of Urban Sciences

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