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HAKAN YILMAZKUDAY

 

Florida International University -  Department of Economics

 


 


Office Address
Department of Economics
Florida International University
Miami, FL 33199, USA

E-mail Address
hyilmazk@fiu.edu

 

Google Scholar

SSRN Web Page

 

 

 

News

I have been elected to the office of International Economics and Finance Society (IEFS) Executive Secretary for 2013-2015.

"Understanding Long-run Price Dispersion" (with Mario J. Crucini), NBER WP 18811 is now avaiable.

The presentation of my selected papers are now availabe on YouTube. Please search for logo below for selected papers.

 

 

Upcoming Events
I will be presenting "Markups versus Trade Costs" at the Midwest International Meetings at Michigan State University in April 2013.

I will be presenting "The Great Trade Collapse: A Horse Race of Competing Stories" at the Midwest Macro Meetings at Urbana-Champaign in May 2013.

I will be presenting "Understanding Long-run Price Dispersion" at the Princeton Conference on ICP/PPP at Princeton University in May 2013.

I will be discussing a paper at the conference "The effect of globalization on market structure, industry evolution and pricing" organized by Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute in June 2013.

 

 

Research and Teaching Fields

Primary Fields: International Economics, Macroeconomics, Monetary Economics

Secondary Fields: Regional 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 2013. The total award is $513,111.

 

 

Selected Published Papers
  1. "Understanding Interstate Trade Patterns,"
     Journal of International Economics, 2012, 86: 158-166.
    Summary Slides
    Presentation
    		  


  2. "Business Cycles through International Shocks: A Structural Investigation," Economics Letters, 2012, 115: 329-333.
    Summary Slides
    Presentation
    		  


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


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

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


  6. "Inflation Dynamics of Turkey: A Structural Estimation" (with Ege Yazgan),
    Studies in Nonlinear Dynamics and Econometrics, 2005, 9(1)    : 1:13.
    Summary Slides
    		 

 

 

Working Papers

  1. "Understanding Long-run Price Dispersion" (with Mario J. Crucini), NBER WP 18811 [earlier title: "A Model of International Cities: Implications for Real Exchange Rates"], revision invited at Journal of Monetary Economics

  2. "Production versus Transportation Technologies: Theory and Evidence,"
    revision invited at American Economic Journal: Macroeconomics.

  3. "Oil Shocks through International Transport Costs: Evidence from U.S. Business Cycles", revision invited at Journal of Economic Dynamics and Control.

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

  5. "Intranational Trade and Regional Tax Rates: A Welfare Analysis on the US Economy", under review

  6. "Bilateral versus Multilateral Free Trade Agreements: A Welfare Analysis" (with Demet Yilmazkuday), under review

  7. "Understanding Gasoline Price Dispersion" (with Demet Yilmazkuday) under review

  8. "Makups versus Trade Costs" under review

  9. "Trade and Cities" (with Cem Karayalcin) under review

  10. "The Great Trade Collapse: A Horse Race of Competing Stories"

  11. "Understanding the Distance Puzzle through the Location of Production"

  12. "Pass-through of Trade Costs to U.S. Import Prices"

  13. "A Solution to the Missing Globalization Puzzle by Non-CES Preferences"

  14. “High versus Low Inflation: Implications on Price-Level Convergence” (with Ege Yazgan)

 

 

Ongoing Projects

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

  2. "Growth through Interregional versus Intraregional Trade" (with Rooholah Hadadi)

  3. "Trade Aggrements and Price Dispersion" (with Demet Yilmazkuday)

  4. "Fine-Tuning of the Elasticity of Trade"

 

 

Other Published Research Papers

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

  2. "Inflation Thresholds and Growth", International Economic Journal, 2013, 27(1): 1-10.

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

  4. "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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

 

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.