Academic Research

For full details, including podcasts, citation information and abstracts, click on the title of each paper.

Recent Work

Climate News and Asset Valuations: Insights from Latin America

IMF Working Paper

We study the impact of climate-related news on asset prices in eight Latin American countries. We use both newspapers and official announcements to construct daily…

Muhsin Ciftci, Christina Kolerus

Underlying inflation measures for Germany

Bundesbank Technical Paper

This paper is in publication process…

Muhsin Ciftci, Elisabeth Wieland

Journal Articles

Market structure and exchange rate pass-through in the Turkish manufacturing industry: Evidence from sectoral data

Bulletin of Economic Research

In this paper, we study the impact of market share on exchange rate pass-through to Turkish manufacturing sector prices using four-digit industry level disaggregate data.…

Muhsin Ciftci, Suleyman Hilmi Kal

Nonlinear Dynamics in Exchange Rate Pass-Through and Inflation Persistence: The Case of Turkish Economy

Asian Journal of Economic Modeling

As a small open economy, inflation is still largely driven by exchange rate developments in Turkey. Despite the fact that exchange rate pass-through (ERPT) to inflation has…

Muhsin Ciftci, Muhammed Hasan Yilmaz

Other

Uneven Consequences of Coronavirus Pandemic: Evidence from a Real Time Survey

Munich RePEC Archive

In this study, we investigate the impact of coronavirus pandemic on increased home office working, provision of payments to dependent employees on leave, and closed…