Macroeconomics Study Group

The Macroeconomics Study Group meets every Tuesday 12:40 p.m. to 13:30 p.m. at A228. Presenting graduate students introduce their own research and receive feedback. Papers are emailed to the group in advance.
All attendees are expected to contribute.

Date Presenter Topic
February 8, 2011 Yavuz Arasil Interest Groups and Institutional Evolution
February 15, 2011 Ertan Tok Analysis of Impacts of Technical Barriers to Trade on Turkish Economy
February 22, 2011 Mehmet Ozer An Endogenous Growth Model with Institution Quality and Optimal Labor Allocation
March 1, 2011 Ishak Demir Keep Your Word: Time Varying Inflation Targets and Inflation Targeting Performance
March 8, 2011 Neil Arnwine Classical Money Demand and Neoclassical Monetary Models 
March 15, 2011 Seda Meyveci Sources Of Fluctuations In Exchange Rates And Their Relationship With Trade
March 22, 2011 Mustafa Kerem Yuksel Cycles in time-to-build ramsey: A myth?
March 29, 2011 Gulserim Ozcan The Role of Labor Market Frictions for a New Keynesian Model
April 5, 2011 Zeynep Kantur Aging and Monetary Policy
April 19, 2011 Binnur Balkan GDP and Inflation Nowcasting Using Daily Asset Price, Commodity Price and Banking Data 
April 26, 2011 Olivier Godart Suppliers of Multinationals and the Forced Linkage Effect: Evidence from Micro Data
May 3, 2011 Mustafa Kiraci Welfare Implications of Inflation

Previous Semesters' Workshops

Date Presenter Topic
October 13, 2010 Burcu Afyonoglu Evolution of polluting resources and growth under energy saving technological progress
October 20, 2010 Agah Turan Endogenous Time Preference and Strategic Growth
October 27, 2010 Hamide Turan Infrastructure and Long Run Growth
November 3, 2010 Yildiz Akkaya Optimal Monetary Policy at the Zero Lower Bound in a Medium Scale DSGE Model
November 10, 2010 Binnur Balkan GDP and Inflation Nowcasting Using Daily Asset Price, Commodity Price and Banking Data 
November 22, 2010 Ishak Demir ECB Policy Response to Exchange Rate
December 1, 2010 Tugba Zeydanli The Welfare Effect of Temporary and Permanent Work Contracts for Youth
December 8, 2010 Fatih Harmankaya Optimal Switching Time from Nonrenewable to Renewable Energy Resources
December 15, 2010 Ozge Filiz Yagcibasi Characteristics of long run economic growth in Turkey
December 29, 2010 Mustafa Kiraci Welfare Implications of Inflation

Date Presenter Topic
February 17, 2010 Burcin Kisacikoglu The Role of Financial Intermediaries in the Propagation of Shocks
March 9, 2010 Gulserim Ozcan The Impact of Monetary Policy on the Exchange Rate
March 23, 2010 Destan Kirimhan Identifying the Role of Domestic and Global Factors in Missing the Inflation Targets and Examining the Effects of Misses on the Formation of Inflation Expectations
March 30, 2010 Merve Yigit Employment Effects of Foreign Direct Investment: A Case for Turkey
June 2, 2010 Yasin Mimir Financial Intermediaries, Leverage Ratios, and Business Cycles

Date Presenter Paper(s)
October 01, 2009 Burcin Kisacikoglu Kisacikoglu. "Agency Costs, Fiscal Policy, and Business Cycle Fluctuations"
October 08, 2009 Burcu Afyonoglu Feichtinger, Hartl, Kort and Veliov. "Anticipation effects of technological progress on capital accumulation: a vintage capital approach"
October 15, 2009 Seda Koymen Melitz. "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity"
October 22, 2009 M. Kerem Yuksel Kitagawa and Shibata. "Endogenous Growth Cycles in an Overlapping Generations Model with Investment Gestation Lags"
November 5, 2009 Zeynep Kantur Aronsson. "Green taxes and uncertain timing of technological change"
November 12, 2009 Gulserim Ozcan Rigobon and Sack. "The Impact of Monetary Policy on Asset Prices"
November 19, 2009 Merve Yigit Brown, Earle and Telegdy. "Employment and Wage Effects of Privatization: Evidence from Hungary, Romania, Russia, and Ukraine"
December 3, 2009 Destan Kirimhan Obstfeld and Rogoff. "Exchange Rate Dynamics Redux Model"
December 10, 2009 Gokce Akin Bernstein, Montgomery and Rutherford. "Global Impacts of the Kyoto Agreement: Results from the MS-MRT Model"
December 24, 2009 Binnur Balkan Pecchenino and Pollard. "Dependent children and aged parents: Funding education ands social security in an aging economy"

Date Presenter Paper(s)
March 09, 2009 Gokce Akin Copeland and Taylor. "North-South Trade and the Enviorenment"
March 16, 2009 Burak Eroglu Phillips. "Understanding Spurious Regression in Econometrics"
March 30, 2009 Seda Koymen Jones and Williams. "Measuring the Social Return to R&D"
April 05, 2009 Sevcan Yesiltas Gourinchas and Jeanne. "Capital Flows to Developing Countries: The Allocation Puzzle"
April 12, 2009 Ayse Gul Mermer Eggertson. "Can a Tax Cut Deepen Recession"
April 19, 2009 Sinem Kilic Sarkar. "Growth Dynamics in a Model of Endogenous Time Preference"
April 26, 2009 Deniz Karaoglan "Discouraged workers and the dominance of added worker effect: The case of Turkey," Work in progress

Date Presenter Paper(s)
September 18, 2008 General Discussion No papers to read.
September 25, 2008 Esra Durceylan-Kaygusuz "Competition and Organizational Choice of Firms," Work in Progress.
October 9, 2008 Sevim Kosem "Heterogeneity in Inflation Persistence and Optimal Monetary Policy," Work in Progress.
October 16, 2008 Galip Kemal Ozhan Gertler, Gilchrist and Natalucci. "External Constraints on Monetary Policy and the Financial Accelerator," NBER WP#10128. 2003.
October 23, 2008 Sevcan Yesiltas "Financial Constraints and Investment: An Empirical Investigation of Turkish Manufacturing Firms," Work in Progress.
October 30, 2008 Zeynep Ogur Edelstein & Killian. "The Response of Business Fixed Investment to Changes in Energy Prices," CEPR DP#6507. 2007.
November 6, 2008 Seda Koymen "TFP estimation: Implications for Spillover Analysis," Work in Progress.
November 13, 2008 Sinem Kilic "The Effects of Financial Liberalization on Wage Inequality," Work in Progress.
November 20, 2008 Burcin Kisacikoglu Carlstrom and Fuerst. "Agency Costs, Net Worth and Business Fluctuations: A Computable General Equilibrium Analysis".
November 27, 2008 Daniela Maggioni "Learning by Exporting: Which Channels? An Empirical Analysis for Turkey," Work in Progress.
December 4, 2008 H.Deniz Karaoglan "Discouraged Workers: The Case of Turkey," Work in Progress.
November 25, 2008 Seda Meyveci "The Impact of Environmental Efficiency on Bilateral Trade: A Panel Data Estimation of Gravity Model," Work in Progress.

Date Presenter Paper(s)
February 19, 2008 General Discussion No papers to read, all participants make brief presentations on research progress.
March 4, 2008 Gokce Akin Lichtenberg and de la Potterie. "International R&D Spillovers: A Re-examination," NBER WP#5668, 1996.
March 11, 2008 Sirma Kollu Meier. "Time preference, international migration, and social security," J. Population Econ., 2000.
March 25, 2008 Zeynep Burcu Bulut Kenny. "Modelling the demand and supply sides of the housing market: evidence from Ireland," Econ. Modelling, 1999.
April 1, 2008 Seda Meyveci Deardorff. "Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World" NBER WP, 1995.
April 8, 2008 Cagri Saglam Saglam. "Optimal Timing of Regime Switches: A multi-stage optimal control analysis" Work in progress.
April 15, 2008 Sevim Kosem Kosem. "Optimal Monetary Policy under Heterogeneity in Inflation Persistence Across Sectorss" Work in progress.
April 22, 2008 Seda Koymen Koymen. "TFP estimation: Implications for Spillover Analysis" Work in progress.
April 29, 2008 Ilay Kurt Lommerud and Straume. "Globalization and Union Opposition to Technological Change," CEPR DP#4836.
May 6, 2008 Mehmet Ozmen Ozmen. "Relative Wealth, Endogenous Discount Factor and Catching Up," Work in progress.
May 13, 2008 Sinem Kilic Kilic. "Effect of Financial Liberalization on Inequality," Work in progress.
May 27, 2008 Refet Gurkaynak Smith and Taylor. "The Long and the Short End of the Term Structure of Policy Rules," NBER WP#13635.
June 2, 2008 Sevcan Yesiltas Yesiltas. "Financial Constraints and Investment," Work in progress.

Date Presenter Paper(s)
September 18, 2007 Introductory meeting No papers to read
September 25, 2007 Agah Turan Acemoglu, Antras and Helpman. “Contracts and Technology Adoption”, AER, 2007
October 2, 2007 Gokce Akin Melitz. “The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity”, Econometrica, 2003
October 9, 2007 Ebru Gurer Greif. “Contract Enforcability and Economic Institutions in Early Trade: The Maghribi Traders' Coalition”, AER, 1993
October 16, 2007 Refet Gurkaynak Gourinchas and Jeanne. “The Elusive Gains from International Financial Integration”, REStud, 2006
October 23, 2007 Sinem Kilic Aoki, Benigno and Kiyotaki. "Adjusting to Capital Account Liberalization", LSE WP, 2006
October 30, 2007 Sevim Kosem Giannoni and Woodford. "Optimal Inflation Targeting Rules", in B. Bernanke and M. Woodford, eds., Inflation Targeting, University of Chicago Press, 2005.
November 6, 2007 Yesim Coskun Turnovsky, Basar and d'Orey. "Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies," NBER WP#2467, 1987
November 13, 2007 Seda Koymen Javorcik. "Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers through Backward Linkages," AER, 2004.
November 20, 2007 Sevcan Yesiltas Demyanyk. "U.S. Banking Deregulation and Self-Employment: A Differential Impact on Those in Need," FRB St. Louis WP#2006-01.
November 27, 2007 Sebastien Blais Bekaert, Cho and Moreno. "New Keynesian Macroeconomics and The Term Structure," CEPR WP#5956.
December 4, 2007 Mehmet Ozer Long and Shimomura. "Relative Wealth, Status-Seeking and Catching Up," JEBO, 2004.

Date Topic Paper(s)
February 20, 2007 International Capital Flows and Income Distribution Goldberg and Pavcnik, 2007. "Distributional Effects Of Globalization In Developing Countries" NBER WP12885
February 27, 2007 Search Models Bayraktar and Sayek, 2007. "Foreign Firms and Labor Market Implications: An Analysis USing Heterogenous Matching Models" Bilkent University WP.
Pissarides, 1985. "Short-Run Equilibrium Dynamics of Unemployment, Vacancies, and Real Wages" AER
Shimer, 2005. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies" AER
March 6, 2007 More Search Calvó-Armengol and Jackson, 2004. "The Effects of Social Networks on Employment and Inequality" AER.
Kuhn and Skuterud "Internet Job Search and Unemployment Durations" AER
March 12, 2007 Inflation Persistence Roberts, 1997. "Is Inflation Sticky?" JME.
Fuhrer and Moore, 1995 "Inflation Persistence" QJE.
March 20, 2007 Learning and Anti-deflationary Policy Evans, Guse and Honkapohja, 1007. "Liquidity traps, learning and stagnation" Cambridge Univ. WP.
March 27, 2007 Current Account Adjustment Gourinchas and Rey, 2006. "International Financial Adjustment" UC Berkeley WP.
Obstfeld and Rogoff, 2005. "The Unsustainable US Current Account Position Revisited" Harvard Univ. WP.
April 17 2007 Balance of Payments Crises Krugman, 1979. "A Model of Balance of Payments Crises," JMCB.
Obstfeld, 1994. "The Logic of Currency Crises," Cahiers economiques et monetaires.
April 24, 2007 Balance of Payments Crises II Aghion, Banerjee, and Bacchetta, 2000. “A Simple Model of Monetary Policy and Currency Crises,” EER.
Burnside, Eichenbaum, and Rebelo, 2001. “Prospective Deficits and the Asian Currency Crisis,” JPE.

Main page