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
Yavuz Arslan 