The papers are sorted in reverse chronological order according to the dates of the latest draft for unpublished papers (shown in square brackets) or the date of publication for the published papers. Click on the titles of papers to access various versions of the paper and other material such as codes, data and slides, where available.
Current research is supported by National Science Foundation grants SES 1061725, SES 1425740, and SES 1851093.
Housing Wealth, Credit Constraints and Consumption (with Ronel Elul and Şebnem Kalemli-Özcan) [New Version Coming Soon]
Piecewise Linear Approximations and Filtering for DSGE Models with Occasionally-Binding Constraints (with Pablo Cuba-Borda, Kenji Higa-Flores, Frank Schorfheide and Sergio Villalvazo), Review of Economic Dynamics, July 2021, 41, 96-120.
Institutions, Tax Evasion and Optimal Policy, Journal of Monetary Economics, 2021, 118, 212-229.
Term Structures of Inflation Expectations and Real Interest Rates, Journal of Business and Economic Statistics, 2020, 38(3), 542-553.
Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries (with Pablo Cuba-Borda and Frank Schorfheide), Review of Economic Studies, 2018, 85, 87-118.
Homework in Monetary Economics: Inflation, Home Production and Production of Homes (with Morris A. Davis and Randall Wright), Review of Economic Dynamics, July 2016, 21, 105-124.
A Comparison of Programming Languages in Macroeconomics (with Jesus Fernandez-Villaverde), Journal of Economic Dynamics and Control, September 2015, 58, 265-273.
Improving GDP Measurement: A Forecast Combination Perspective (with Francis X. Diebold, Jeremy J. Nalewaik, Frank Schorfheide and Dongho Song) in Causality, Prediction, and Specification Analysis: Recent Advances and Future Directions: Essays in Honor of Halbert L. White Jr (X. Chen and N. Swanson eds.), 2013, Springer, 1-26.
A Real Economic Activity Indicator for Turkey (with Cagri Sarikaya), Central Bank Review, January 2013, 13, 15-29.
Globalization, the Business Cycle, and Macroeconomic Monitoring (with Francis X. Diebold, Ayhan Kose and Marco Terrones), NBER International Seminar on Macroeconomics 2010, 2011, 245-286.
Money, Search and Business Cycles, International Economic Review, August 2011, 52(3), 935-959.
Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-offs, (with Frank Schorfheide), American Economic Journal: Macroeconomics, January 2011, 3, 60-90.
Optimal Fiscal and Monetary Policy when Money is Essential (with Sanjay K. Chugh), Journal of Economic Theory, September 2010, 145(5), 1618-1647.
Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions (with Francis X. Diebold), American Economic Review Papers and Proceedings, May 2010, 100(2), 20-24.
An Estimated Search-Based Monetary DSGE Model with Liquid Capital (with Frank Schorfheide) [January 2010]
Data Revisions are not Well-Behaved, Journal of Money, Credit and Banking, March/April 2008, 40(2-3), 319-340.
Comparing Solution Methods for Dynamic Equilibrium Economies (with Jesus Fernandez-Villaverde and Juan F. Rubio-Ramirez), Journal of Economic Dynamics and Control, December 2006, 30(12), 2477-2508.
The Macroeconomy and the Yield Curve: A Dynamic Latent Factor Approach (with Francis X. Diebold and Glenn D. Rudebusch), Journal of Econometrics, March-April 2006, 131(1-2), 309-338.
Moving Holidays and Seasonal Adjustment: The Case of Turkey (with C. Emre Alper), Review of Middle East Economics and Finance, December 2004, Vol. 2 : No 3, Article 3.
Search, Money and Capital: A Neoclassical Dichotomy (with Randall D. Wright), Journal of Money Credit and Banking, December 2003, 35(6), 1085-1105.
Book Review of ‘Time Series Analysis by State Space Methods’ (with Sean D. Campbell), Journal of American Statistical Association, 98(461), March 2003.
Deseasonalizing Turkish Macroeconomic Data: A Caveat to Applied Researchers in Turkey (with C. Emre Alper), Istanbul Stock Exchange Review, Volume: 5(18), April/May/June 2001, pp. 33-52.