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Experience

Senior Lecturer
University of Liverpool Management School
2021 – present
Senior Economist
Bank for International Settlements (BIS), Monetary and Economic Department
2015 – 2021
Deputy Executive Director
Research and Monetary Policy Department, Central Bank of Turkey
2012 – 2015
Economist
Central Bank of Turkey
2008 – 2012

Education

Ph.D. Economics
University of Rochester
M.A. Economics
University of Rochester
M.A. Economics
Bilkent University (Turkey)
B.S. Chemistry
Bilkent University (Turkey)

Academic Publications

"Unintended Consequences of Unemployment Insurance Benefits: The Role of Banks"
with Ahmet Degerli and Gazi Kabas
Management Science (2024)
"Price Search, Consumption Inequality and Expenditure Inequality over the Life Cycle"
with Temel Taskin and Bulent Guler
International Economic Review (2021)
"Trend Shocks, Non-tradables and Real Exchange Rates"
with Cagri Akkoyun and Mustafa Kilinc
Journal of International Money and Finance (2017)
"The Joint Dynamics of House Prices and Foreclosures"
with Bulent Guler and Temel Taskin
Journal of Money, Credit and Banking (2015)
"Expectation Errors, Uncertainty, and Economic Activity"
with Aslihan Atabek, Timur Hulagu, and Saygin Sahinoz
Oxford Economic Papers (2015)
"Global Imbalances, Current Account Rebalancing and Exchange Rate Adjustments"
with Mustafa Kılınç and İbrahim Turhan
Journal of Policy Modeling (2015)
"Anticipated vs. Unanticipated House Price Movements and Transaction Volume"
with Birol Kanık and Bülent Köksal
Journal of Housing Economics (2015)
"Interest Rate Fluctuations and Equilibrium in the Housing Market"
B.E. Journal of Macroeconomics (2014)
"Housing Prices and Transaction Volume"
with Cagri Akkoyun and Birol Kanik
Journal of Housing Economics (2013)
"Quality Growth versus Inflation in Turkey"
with Evren Ceritoglu
Emerging Markets Finance and Trade (2013)

Working Papers

"Credit Supply Driven Boom-Bust Cycles"
with Bulent Guler and Burhanettin Kuruscu
R&R at International Economic Review
"Unemployment Insurance and Macro-Financial (In)Stability"
with Ahmet Degerli, Bulent Guler, Gazi Kabas, and Burhanettin Kuruscu
"Monetary Policy Transmission with Adjustable and Fixed Rate Mortgages: The Role of Credit Supply"
with Fatih Altunok and Steven Ongena

Work in Progress

"Monetary Policy Analysis with Indebted HANK"
with Bulent Guler and Burhanettin Kuruscu
"Macroprudential Policy Evaluation"
with Bulent Guler and Burhanettin Kuruscu

Policy Publications

"The Fiscal Response to the Covid-19 Crisis in Advanced and Emerging Market Economies"
with Enrique Alberola-Ila, Gong Cheng, and Richhild Moessner
BIS Bulletin No. 23, June 2020
"Central Bank Bond Purchases in Emerging Market Economies"
with Mathias Drehmann and Boris Hofmann
BIS Bulletin No. 20, June 2020
"The Size of Foreign Exchange Reserves"
with Carlos Cantú
BIS Papers No. 104, July 2019
"Globalisation and Deglobalisation in Emerging Market Economies: Facts and Trends"
with Juan Contreras, Nikhil Patel, and Chang Shu
BIS Papers No. 100, November 2017
"How Has Globalisation Affected Emerging Market Economies?"
with Juan Contreras, Nikhil Patel, and Chang Shu
BIS Papers No. 100, November 2017
"Macroprudential Frameworks: Implementation and Effectiveness"
with Christian Upper
BIS Papers No. 94, February 2017
"The Inflation Process"
with Martina Jašová and Előd Takáts
BIS Papers No. 89, December 2016