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Teaching:
I teach the following courses in Fall 2020:
- Macroeconomics for Business (L3)
- Globalization and Financial Markets I: Exchange Rates (MFE)
- Globalization and Financial Markets II: International Capital Markets (MFE)
Research
Google Scholar * SSRN Author Page
Publications in chronological order:
"The Volatility Advantages of Large Labor Markets'' with Maddalena Conte, Isabelle Mejean and Benoit Schmutz. CEPR DP 18925. Conditionally accepted at the Journal of European Economic Association.
"Labor Market Polarization and the Great Urban Divergence: Theory and evidence'', with Donald R. Davis and Eric Mengus. NBER WP 26955. Accepted at the Journal of International Economics
"Financial constraints and shock propagation through production networks'', with Banu Demir Pakel, Beata Javorcik and Evren Ors. Review of Economics and Statistics, 106 (2): 437–454, 2024 also CEPR DP 15316
"Banking integration and growth: Role of banks' previous industry exposure'', with Neslihan Karakaya and Evren Ors, Journal of Financial Intermediation, 2022.
"Fundamentals and exchange rate forecastability with simple machine learning methods" (SSRN version here) with Chistophe Amat and Gilles Stoltz, Journal of International Money and Finance 88: 1-24, 2018.
“Ambiguity vs. risk and international security design”, with Brian Hill, Journal of International Economics 113: 74-105, 2018.
"Risk-Based Capital Requirements for Banks in International Trade" with Banu Demir and Evren Ors, Review of Financial Studies 30: 3970-4002, 2017. Here is a link to the VOXEU article that summarizes this research.
"Do countries falsify economic data strategically? Some evidence that they might.” with Gilles Stoltz, Review of Economics and Statistics 95: 591-616, 2013. Here is a link to a video where I discuss the problem. Here is a link to a HuffingtonPost entry.
"Input substitutability, trade costs and location.", Economics Letters 117: 57-59, 2012. Online Appendix.
“(Interstate) banking and (interstate) trade: Does real integration follow financial integration?” joint with Evren Ors, Journal of Financial Economics 104: 89-117, 2012. Appendix Tables.
"Quality assurance and the home market effect.” joint with Ai-Ting Goh, Review of International Economics 20: 237-255, 2012.
“Should small countries fear deindustrialization?” joint with Ai-Ting Goh, Review of International Economics vol. 18, no.4: 607-617, 2010.
Working papers / work in progress:
"Knowledge Workers and Firm Capabilities'' with Eric Mengus. CEPR DP 18863
"Tax credits for startups?'' with Tom Astebro.
"Manufacturing-led Services Growth and Structural Change'' with B. Avdiu, B. Demir, U. Kilinc, and G. Nayyar.
"Returns to Experience Across and Within Cities", with Donald R. Davis, Eric Mengus and Elie Vidal-Naquet.
"Technology and city center evolution'', with Rui Li and Eric Mengus
“Banking Integration and International Trade: Evidence from US State exports,” joint with Evren Ors
“Multistage production, location and hidden comparative advantage” , joint with Ai-Ting Goh
“Contract enforcement, international trade and growth