Department of Economics, Florida International University, Miami, Florida 33199
Telephone no: (305) 348-3285 (office), Fax no: (305) 348-1524, E-Mail Address: Cem.Karayalcin@fiu.edu
Professor, Department of Economics, Florida International University
1989 Ph.D. in Economics, Columbia University (Dissertation: "Growth, international trade, and factor mobility,")
1983 M.A. in Economics, Columbia University
1981 B.S. in Economics, Middle East Technical University, Ankara, Turkey
Open-economy Macroeconomics, Political Economy, Development and Growth Theory
"Habit formation, adjustment costs, and international transmission of fiscal policy," (with R. Gonzalez-Hernandez), Journal of International Money and Finance, 32: 341-359, 2013.
“Divided We Stand United We Fall: The Hume-North-John mechanism for the Rise of Europe,” International Economic Review, 49: 973-997, 2008.
“Exchange Rate Pass-Through and Relative Prices: An Industry-Level Empirical Investigation” (coauthored with Prasad S. Bhattacharya and Dimitrios D. Thomakos), Journal of International Money and Finance, 27: 1135-1160, 2008.
“Income distribution, sovereign debt and public investment,” (with K. McCollister), Economics and Politics, 17: 351-65, 2005.
“Economic (dis)integration in the presence of evolutionary learning,” (with D. Mitra and D. Mendez-Carbajo), Journal of Evolutionary Economics, 14: 463-481, 2004.
“Trade in Goods and Trade in Assets,” International Journal of Business and Economics, 2: 97-108, 2003 (with Andre Burgstaller).
“Habit Formation and Fiscal Policy in a Small Open Economy," Macroeconomic Dynamics 7: 407-423 (2003).
“Infrastructure, Returns to Scale and Sovereign Debt”, Journal of International Trade and Economic Development (with K. McCollister and Devashish Mitra) 11:267-278 (2002).
“Multiple Equilibria, Coordination, and Transitional Growth,” Journal of Development Economics 60, 297-316, 1999 (with Devashish Mitra).
“Temporary and Permanent Government Spending in a Small Open Economy,” Journal of Monetary Economics 43, 125-141, 1999.
“A Political Economic Model of the State Owned Enterprises," Topics in Middle Eastern and North African Economies, vol. 1, 1999.
"The Role of Stock Markets in International Economic Integration," Journal of Economic Integration, 11: 93-113, March 1996.
"Redistributive Taxation in a Small Open Economy," Canadian Journal of Economics, XXIX: 688-698, August 1996.
"Stockmarkets, Adjustment Costs, and International Transmission of Shocks" Economica 63, 599-610, 1996.
"Heterogeneous Households, the Distribution of Wealth, and the Laursen-Metzler Effect," Review of International Economics, 3, 86-103 (1995).
"Capital Income Taxation and Welfare in a Small Open Economy," Journal of International Money and Finance, 14: 785-800, December 1995.
"Government Spending and Cyclical Adjustment in a Small Open Economy," Journal of Economic Integration, 10: 454-474, December 1995.
"Temporary and Permanent Migration with and without an Immobile Factor," Journal of Development Economics 43, 197-215 (1994).
"Adjustment Costs in Investment, Time Preferences, and the Current Account," Journal of International Economics 37, 81-95 (1994).
"International Capital and Labor Mobility: Vent for Surplus Labor" (in Portuguese), Estudos Economicos, 24, 183-202 (1994).
“Property Rights and The First Great Divergence: Europe 1500-1800”
“Habit Formation, Adjustment Costs, and International Transmission of Fiscal Policy” (with Ramon Gonzalez)
“Romes without Empires: Primate Cities, Political Competition, and Economic Growth” (with M. Ulubasoglu)
“Habit Formation and Supply Shocks”
“State Owned Enterprises and Redistribution: An empirical Analysis,” (with M. Ulubasoglu)
"Endogenous Growth, Endogenous Time Preference, and Social Status" (with Andre Burgstaller)
“International Capital Movements under Endogenous Growth” (with Andre Burgstaller)
"Growth and international labor migration in an overlapping generations model" in Second Annual Southeastern International Economics Meeting, Gainesville, October 1990.
"The asset market approach in the pure theory of international trade" (co-authored with Andre Burgstaller) in Mid-West International Economics Meeting, Evanston, IL., June 1991.
"Endogenous growth and the long-run distribution of wealth in a simple von Neumann model" (co-authored with Andre Burgstaller) in Eastern Economics Association Meeting, Washington, DC., March 1993.
"International capital movements under endogenous growth and endogenous time preference" (co-authored with Andre Burgstaller) in the Fifth Annual Southeastern International Economics Meeting, Durham, NC, October 1993.
"Habit Formation and Government Spending in a Small Open Economy" presented at the Eastern Economic Association's 21st Annual Convention in New York (March 17-19, 1995).
"International Capital Movements under Endogenous Growth," (with Andre Burgstaller) presented at the Boston meeting of the Economic Development Society, November 1996.
"Multiple Equilibria, Coordination and Bounded Rationality," (with Devashish Mitra) presented at the South Eastern Economic Theory and International Economics Conference, November 1997.
"A Political Economic Model of the State Owned Enterprises" presented at the New York ASSA Meetings, January 1999.
"Habit Formation and Supply Shocks in a Small Open Economy" presented at the South Eastern Economic Theory and International Economics Conference, November 2001.
“Economic (dis)integration in the presence of evolutionary learning,” (co-authored with D. Mitra and D. Mendez-Carbajo), invited presentation at the Central Bank of the Dominican Republic, March, 2004.
“United we fall, divided we stand: The Hume-Weber-Jones mechanism for the rise of Europe,” Lucca Conference on Economic Growth and Income Distribution, June 2004.
“Romes without Empires: Primate Cities, Political Competition, and Economic Growth,” invited presentation at Southern Methodist University, March 2006.
“Political Economy of Growth,” invited presentation at Wenzao College, Department of International Business, Taiwan, May 2007.
“The Political Economy of Crisis and Reform,” invited presentation at Crises Organisations and Development Conference, Deakin University, Australia, August 2009.
2005-present Professor, FIU
1995-2005 Associate Professor, FIU
1989-1995 Assistant Professor, FIU
1984-1989 Preceptor/Instructor, Columbia University
1987-1988 Instructor, Rutgers University
1982-1983 Instructor, Pace University
1990 Summer Research Award, Florida International University
HONORS AND AWARDS
1990-1992 President's Fellow, Columbia University
1995 TIP Award, Florida International University
International Trade (Ph.D. level)
International Money (Ph.D. level)
Development Economics (Ph.D. level)
Macroeconomics (Ph.D. level)
Political Economy (PhD level)
Mathematical Economics (M.A. level)
International Trade (Undergraduate level)
International Money (Undergraduate level)
Money and Banking (Undergraduate level)
Intermediate Macroeconomics (Undergraduate level)
Applied Macroeconomics (Undergraduate level)
Macroeconomic Principles (Undergraduate level)
Microeconomic Principles (Undergraduate level)
GRADUATE STUDENT SUPERVISION
Major Professor for the Ph.D. Dissertations
Xiaowei Xu “International Transmission of Disturbances under Alternative Exchange Rate Regimes,” (1995-1996, Research Economist, NY
Yuna Chen “Closing the Productivity Gap and Trade Policy,” (1996-1997, South Georgia College)
Ali Kocyigit “International Mobility and Saving-Investment Correlations,”(1996-1997, Malatya University, Turkey)
Carlos Moslares “Credit Rationing, Research and Development, and Growth,” (1996-1997, Universitat Ramon Llull, Barcelona, Spain)
Kathryn McCollister “The Political Economy of Sovereign Debt,”(1998-1999, University of Miami, Epidemiology Department)
Diego Mendez-Carbajo “Essays on Openness, Economic Integration, and Growth,” (1999-2000, Illinois Wesleyan University)
Prasad Bhattacharrya “Essays on International Macroeconomics.” ( 2004, Deakin University)
Claudia Wehbe “The Political Economy of Inequality and Growth: Essays on Sovereign Debt, Democracy and Saving,” (2008)
Ramon Gonzalez Hernandez “Essays in Open Economy Macroeconomics,” (2008, Lake Forest College)
Daniel Murgo “Essays On Political Economy” (2010)
Thomas Snyder “Essays on International Lending and Increasing Returns to Scale” (Summer 2010) (University of Central Arkansas)
American Economic Review
European Economic Review
Journal of Development Economics
Journal of Macroeconomics
International Economic Review
Review of Economic Studies
Review of International Economics
Journal of International Money and Finance
Japanese Economic Review
Journal of Economic Dynamics and Control
Journal of Money, Credit, and Banking.
Editorial Board, International Journal of Business and Economics
2003 to present, Graduate Director, Department of Economics, FIU
English, Turkish, reading knowledge of German, French and Spanish.