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HAKAN YILMAZKUDAY

Professor of Economics
Florida International University


Curriculum Vitae







Academic Publications


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post


  5. "Accounting for Trade DeficitsJournal of International Money and Finance

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


  8. "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


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding VOX Column
    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post
    Summary Slides


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


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


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

    Corresponding Blog Post


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

    Corresponding Blog Post


  36. "Coronavirus Disease 2019 and the Global Economy" Transport Policy

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


  39. "Drivers of Turkish InflationQuarterly Review of Economics and Finance

    Corresponding Blog Post


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


  41. "Forecasting the Great Trade Collapse" International Economics

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post
    Summary Slides


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post
    Corresponding Media Coverage
    Summary Slides


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

    Corresponding Blog Post


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

    Corresponding Blog Post



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

    Corresponding Blog Post


  51. "Inflation Thresholds and Growth" International Economic Journal

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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


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


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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


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

    Corresponding Blog Post


  61. "The Effects of Currency Crises in Emerging Markets on the Industrial Sector: An Alternative Regime-Shifting Approach" Emerging Markets Finance and Trade


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


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Summary Slides


  71. "Nonlinear Effects of Mobility on COVID-19 in the U.S.: Targeted Lockdowns Based on Income and PovertyJournal of Economic Studies

    Corresponding Blog Post


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

    Corresponding Blog Post



  73. "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


  74. "Stay-at-Home Works to Fight Against COVID-19: International Evidence from Google Mobility DataJournal of Human Behavior in the Social Environment

    Corresponding Blog Post
    Corresponding Media Coverage #1
    Corresponding Media Coverage #2


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

    Corresponding Blog Post


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

    Corresponding Blog Post

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

    Corresponding Blog Post


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


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


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


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


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

    Corresponding Blog Post


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

    Corresponding Blog Post


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

    Corresponding Blog Post


  85. Changes in Consumption in the Early COVID-19 Era: Zip-Code Level Evidence from the U.S." Journal of Risk and Financial Management

    Corresponding Blog Post


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

    Corresponding Blog Post







Working Papers


  1. "Welfare Gains from Trade in Multi-Sector Models: The Role of Aggregation and Income Elasticities" revision invited at International Economic Journal

    Corresponding Blog Post


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

    Corresponding Blog Post
    Corresponding Media Coverage


  3. "Early 20th Century American Exceptionalism: Production, Trade and Diffusion of the Automobile" (with Dong Cheng, Mario J. Crucini, Hyunseung Oh) 

    Corresponding VOX Column
    Corresponding Media Coverage


  4. "COVID-19 and Housing Prices: Evidence from U.S. County-Level Data

    Corresponding Blog Post


  5. "Welfare Costs of Shopping Trips"

    Corresponding Blog Post


  6. "Shock-Dependent Phillips Curve: Evidence from the U.S."

    Corresponding Blog Post


  7. "Pass-Through of Shocks into Alternative U.S. Prices"

    Corresponding Blog Post


  8. "Welfare Costs of Urban Traffic through Retail Prices"

    Corresponding Blog Post


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


  10. "Understanding the Global Drivers of Inflation: How Important are Oil Prices?" with Jongrim Ha, M. Ayhan Kose and Franziska Ohnsorge)