Kamil YILMAZ
Professor of Economics
 
Koç University,
Rumelifeneri Yolu, Sarıyer 34450, Istanbul Turkey
Phone: 90-212-338 1458, Fax: 90-212-338 1653
e-mail: kyilmaz@ku.edu.tr

Education

bullet Doctor of Philosophy,  Economics,  University of Maryland at College Park, U.S.A, December 1992.
bullet Master of Arts,  Economics,  University of Maryland at College Park, U.S.A., May 1990.
bullet Bachelor of Arts,  Economics, Bogazici University, Istanbul, Turkey, June 1987.

Professional History

bullet Professor, Koç University, 2010 -
bullet Visiting Professor , Department of Economics, University of Pennsylvania, 2010-2011
bullet Director, TUSIAD-Koç University Economic Research Forum, September 2007 - December 2009
bullet Associate Professor, Koç University, 2003 - 2010
bullet Visiting Professor, Department of Economics, University of Pennsylvania, 2003-2004
bullet Assistant Professor, Koç University, 1994-2003.
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Economist,  Policy Research Department, The World Bank, Washington, D.C., USA, 1992-1994.

Honors and Awards

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Research Fellow, Istanbul Policy Center, Sabanci University, 2010 -

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The Scientific and Technological Research Council of Turkey (TUBITAK), Research Abroad Scholarship, 2010-2011.

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Research Fellow, Economic Research Forum for Arab Countries, Iran and Turkey, 2006.

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Turkish Academy of Sciences (TÜBA), Encouragement Award in the Social Sciences and Humanities, 2003.

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Honorable Mention Award, Istanbul Stock Exchange Best Finance Paper Competition, Fifth METU International Conference in Economics, September 2001.

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Mac Arthur Fellowship, University of Maryland, College Park, September 1991-May 1992.

Conference Presentations - Academic

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“Macroeconomic and Financial Imbalances in National Economies and the World,” Annual Conference of the Center for Economics and Econometrics, Bogazici University, Istanbul, December 19-20, 2011

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FEMISE Annual Conference 2011, “Arab Awakening and the Role of the EU-Med Partnership,” Marseille, December 15-16, 2011

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12th EuroArea Business Cycle Network (EABCN) Workshop, Budapest, June 28-29, 2010

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“Volatility and Systemic Risk” Conference, The Volatility Institute, Stern Business School, New York University, April 16, 2010 (with Francis X. Diebold)

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Workshop on “Whither Turkey? Taking Stock of the Dynamics that Shape EU Reforms,” Sabanci University, January 15-16, 2010

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Workshop on Labour Markets, Tade and FDI, Istanbul Technical University, Istanbul, October 1-2, 2009

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Workshop on Firm Productivity, Trade and Development, Université de la Méditerranée, Aix en Provence, July 8-9, 2009

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Society for Economic Dynamics, Annual Meetings, Istanbul, July2-4, 2009

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ACC Eurasia in a Shifting Global Context: Building Interdisciplinary Bridges Conference, Koç University, June 18-21, 2009

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International Economic Association, XV. World Congress, Istanbul, June 25-29, 2008

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Econometric Society North American Winter Meetings: 2008, 2006, 2002, 2000, 1991

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34th Annual Conference of the European Association for Research in Industrial Economics, Valencia, Spain, September 6-9, 2007

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Society for the Advancement of Economic Theory (SAET) Conference, Kos, Greece, June 18-23, 2007

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Workshop on Country Case Studies, Commission on Growth and Development, The World Bank, Washington, D.C. April 12-14, 2007

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Finansal Küreselleşme: Sırada Ne Var? (Financial Globalization: What is Next), TUSIAD-Koc University Economic Research Forum Conference, December 20, 2006, Istanbul

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2nd Fall Workshop on Economics in Granada -- Heterogeneity of Firms, Productivity and Trade: Empirical and Theoretical Evidence, University of Granada, Spain, November 17-18, 2006

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Conference on Current Issues in International Trade and Diplomacy, Ankara, November 3, 2006.

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European Financial Management Association (EFMA), Annual Conference 2006, Madrid, June 28-July 1, 2006

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NBER, International Seminar on Macroeconomics, Tallinn, Estonia, June 15-16, 2006

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16th (EC)2 Conference, Istanbul:  December 16-17, 2005 (Poster Session)

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Econometric Society World Congress, London: 2005

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Annual Conference of the Southern European Association for Economic Theory (ASSET): 2004, 1995

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Conference on Turkey: Towards EU Accession, Bilkent University, May 10-11, 2003

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Economic Research Forum, Ninth Annual Conference, October 2002

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Workshop on “ The Turkish Economy at the Crossroads: Critical Perspectives on the 2000-2001 Crises in Turkey,” Koc University, September 27, 2002

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ERC/METU International Conference in Economics, 1998, 1999, 2001, 2002

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Annual Congress of the European Economic Association (EEA) 1996, 1999, 2001

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NBER Summer Institute, 2000

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European Finance Association (EFA), 1999

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Society for the Advancement of Economic Theory (SAET) International Conference, 1999

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National Symposium of Econometrics and Statistics, Antalya, Turkey, 1999

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Conference on Learning to Live with Volatile Capital Movements and Contagion – An Emerging Market Perspective: Turkey, Bogazici University, 1999

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Conference on “Economic Policy, Economic Performance and the Political Culture,” Tinbergen Institute, 1999

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PACAP/FMA Finance Conference, 1998

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Conference on Stabilization in an Emerging Market: The Case of Turkey, Bogazici University, 1998

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Mediterranean Development Forum, Marrakesh, Morocco, 1997

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Econometric Society European Meetings 1996

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International Symposium on Forecasting, Istanbul, 1996

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University of Warwick Summer Research Workshop in Economics, 1995

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International Symposium on Privatization, Koç University, 1994

Workshop and seminar presentations

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Koç University (December 2011, October 2004, February­ 1999, April 1998)

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Federal Reserve Bank of Philadelphia (May 2011)

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Federal Reserve Bank of Cleveland (May 2011)

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University of Pennsylvania (April 2011, April 2004, September 2003)

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Middle East Technical University (April 2010, December 2001)

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Ege University (March 2010)

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Bilkent University (November 2009, December 2004, May 2001)

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Istanbul Technical University, Department of Economics (December 2009, November 2008, December 2006, March 2003)

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The Central Bank of the Republic of Turkey, Research Department (November 2007)

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Marmara University (May 2007)

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Boğaziçi University (December 2006, December 2004, December 1998, April 1995)

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University of Bern (December 2005)

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Yildiz Technical University (November 2005)

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Bilkent University (December 2004; May 2001)

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World Bank Research Department, International Trade Group (July 2004)

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IMF Research Department (May 2004)

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Pennsylvania State University (March 2004)

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University of Maryland (October 2003)

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Middle East Technical University (December 2001)

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Sabancı University (December 2001)

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Bilkent University, Department of Business Administration (November 2000)

Conference Presentations - Non-Academic

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GLODEM Panel, “Eurozone Sovereign Debt Crisis and Global Implications,” Koç University, December 12, 2011

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Koç University-Kyoto University International Symposium on “Innovative and Sustainable Development,” Istanbul, September 7-9, 2011

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“The Interface between World Trading System and Global Issues: Challenges for the TWO, Turkey and the European Union,” Yeditepe University and the Economic Development Foundation, May 14-15, 2010.

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“Financial Risk” Conference, Risk Managers Association and Oliver Vyman, June 3, 2009.

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“Türkiye için Yeni bir Ekonomik Büyüme Modeli” (A New Economic Growth Model for Turkey) Symposium, Young Businessmen Association of Turkey (TUGIAD), May 26, 2009.

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“Dağılamayan Gelir, Küresel Kriz ve Türkiye” (Undistributable Income, Global Crisis and Turkey) Marmara Community, Marmara University, May 21, 2009

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“Durgunluğun Küresel Boyutta Yayılma Eğilimi,” TUSIAD-Koç University Economic Research Forum Conference, April 30, 2009.

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“Krizin Dünyada ve Türkiye’de Dış Ticarete Etkileri,” (The Impact of Financial Crisis on International Trade Flows) Istanbul Chamber of Industry Conference, March 10, 2009.

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“The Turkish Economy in the Wake of Global Economic Slowdown,” TUSIAD- CEPII (Centre d’études Prospectives et d’Informations Internationales) Conference, Paris, November 14, 2008.

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“Siyasi İstikrar ve Ekonomik Yansımaları,” (Political Stability and Economic Implications), TUSIAD-Koç University Economic Research Forum Conference, October 23, 2008.

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“Sustaining High Growth in the Context of Turkey: Country Economic Memorandum (CEM) and Country Partnership Strategy (CPS),” The World Bank and Undersecretariat of Treasury Conference, 25 April 2008, Ankara.

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“İşgücü, Gelir, Harcama ve Yoksulluk Açısından Türkiye'de Hanehalkı,” (An Assesment of Households in Turkey: Labour, Income, Expenditure and Poverty), Panel Chair, TUSIAD, TCMB ve EAF Konferansı (A Conference by TUSIAD, Turkish Central Bank and TUSIAD-Koc University Economic Research Forum), 21 Mart 2008, Ankara

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“Türkiye’nin Üretim ve Dış Ticaret Yapısında Dönüşüm,” (The Transformation in Turkey's Production and Foreign Trade Structure) TUSIAD, TCMB ve EAF Konferans (A Conference by TUSIAD, Turkish Central Bank and TUSIAD-Koc University Economic Research Forum), 28 Şubat 2008, Istanbul.

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“Türkiye Ekonomisi için Sürdürülebilir Büyüme Stratejileri,” (Sustainable Growth Strategies for Turkey), TUSIAD Conference, 4 Aralık 2007 Ankara.

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Otomotiv ve Yan Sanayii Sempozyumu” (X. Symposium on Automotive and Parts Industry), Makina Mühendisleri Odası, May 25-26, 2007, Bursa

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“Finansal Küreselleşme: Sırada Ne Var?” (Financial Globalization: What is Next), TUSIAD-Koc University Economic Research Forum Conference, December 20, 2006, Istanbul

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IV. KOBİ Zirvesi, (IV. SME Summit) Tösyov, December 14, 2006, Istanbul

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Global FDI Movements: Myths and Facts, Koç University Graduate School of Business and Internatinal Investors’ Association (YASED), March 2006, Istanbul

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Türkiye Ekonomisi İçin Sürdürülebilir Büyüme Stratejileri, (Sustainable Growth Strategies For Turkey) Koc University-TUSIAD Economic Research Forum Conference, June 17, 2005, Istanbul

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Conference on The Turkish Economy at the Crossroads: Critical Perspectives on the 2000-2001 Crises in Turkey, Koc University, September 27, 2002.

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Conference on Learning to Live with Volatile Capital Movements and Contagion – An Emerging Market Perspective: Turkey, Bogazici University, 1999.

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Conference on Stabilization in an Emerging Market: The Case of Turkey, Bogazici University, 1998

Discussant

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“International Transmission of Uncertainty Shocks: The Role of Financial Market Integration,“ by Hande Küçük, Internal Research Workshop, Central Bank of the Republic of Turkey, Ankara, December 24, 2011

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Global Trends in Trade and Turkish Economy by Faruk Aydın, Hülya Saygılı, Mesut Saygılı, and Gökhan Yılmaz (CBRT), Conference on “Structural Change in International Trade: Global Trends and Turkish Economy,” Central Bank of the Republic of Turkey, Istanbul, November 17, 2009

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Can FDI Be A Panacea For Unemployment? The Turkish Case by Mehtap Hisarcıklılar, Derya Gültekin-Karakaş and Ahmet Atıl Aşıcı (Istanbul Technical University), Workshop on Labour Markets, Tade and FDI, Istanbul Technical University, Istanbul, October 1-2, 2009 “

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Constraining and Enhancing Policy Space: The WTO and Adjusting to Globalization, by Chris Milner, University of Nottingham, Beyond the Doha Round Conference, Istanbul, November 7, 2008.

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House Prices, Collateral Constraints, and the asymmetric Effect on Consumption,” by Nan-Kuang Chen, national Taiwan University, Macroeconomics, Real Estate and Public Policy orkshop, Koç University, Istanbul, July 2-3, 2008.

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“Information Quality and Stock Returns Revisited,” by Frode Brevik and Stefano d’Addona, European Financial Management Association (EFMA), Annual Conference 2006, Madrid, June 28-July 1, 2006.

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“Turkey: Trade Issues,” by S. Togan and E. Taymaz, Turkey: The Way Ahead,  Economic Research Forum for Arab Countries, Iran and Turkey, August 13, 2005, Ankara

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Tracking the Source of the Decline in GDP Volatility: An Analysis of the Automobile Industry” by Valery Ramey and Daniel Vine,  First ECB/IMOP Workshop on Dynamic Macroeconomics, 23-24 May 2003, Hydra, Greece

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Endogenous pricing to market and financing costs,”  by Joshua Aizenman, Econometric Society North American Winter Meetings, Boston, MA. January 2002.

Research Grants

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The Role of Business Services on Innovation, Productivity, Employment and Exports of Spanish and Turkish Manufacturing Firms, sponsored by FEMISE, 2009-2010. With J. A. Camacho, J. Milgram, T. Pamukcu, and E. Taymaz.

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Turkey's Place in the European Knowledge Economy, sponsored by EU Central Finance and Contract Unit, 2008-2009.

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Servet Kanalının Yeniden Analizi: Beklenen Para Politikasının Tüketim ve Krediler Üzerindeki Etkisi (The Wealth Channel Revisited: The Role of Anticipated Monetary Policy on Consumption and Lending), sponsored by TUBITAK (The Scientific and Technological Research Council of Turkey), June 2007-Jan 2009 (with Selva Demiralp).

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Türkiye İmalat Sanayinde Yapısal Dönüşüm, Üretkenlik ve Teknolojik Değişme Dinamikleri (The Dynamics of Productivity, Technological Change and Structural Transformation in the Turkish Manufacturing Industry), funded by TUBITAK (The Scientific and Technological Research Council of Turkey), June 2006-Jan 2008 (with Erol Taymaz and Ebru Voyvoda).

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How Does Trade Liberalization Affect Entry and Exit Costs on Export Markets: A Comparison of the Spanish and Turkish Experience Using Firm-Level Data funded Forum Euro-Mediterranéen des Instituts Economiques (FEMISE), (with Erol Taymaz and Teoman Pamukçu and Juliette Milgram Baleix)

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Türkiye için Doğrudan Yabancı Yatırım Stratejisi'ne Doğru (Foreign Direct Investment Strategy for Turkey), sponsored by YASED (International Investors’ Association of Turkey), September 2005-June 2006.

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Türkiye Ekonomisi için Sürdürülebilir Büyüme Stratejisi, (A Sustainable Growth Strategy for Turkish Economy) sponsored by TÜSİAD, August 2004-June 2005 (with Ümit İzmen and Alpay Filiztekin)

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Türkiye için Doğrudan Yabancı Yatırım Stratejisi, (Foreign Direct Investment Strategy for Turkey), sponsored by YASED (Association of Foreign Investors), September 2005-April 2006.

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Dezenflasyon ve Sürdürülebilir Büyüme: 21. Yüzyılın Eşiğinde Türkiye Ekonomisi (Disinflation and the Sustainable Growth: Turkish Economy at the turn of the 21st Century)  sponsored by TUSIAD, Association of Turkish Industrialists and Businessmen, 2002.

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Turkish Economy: Recent Developments and Future Prospects, sponsored by the Fiat Fund, 1998-2001.

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Dünya'da Para Kurulu Deneyimi ve Türkiye icin Seçenekler, joint project with Bülent Gültekin (Wharton School of the University of Pennsylvania), sponsored by Turkish Economic and Social Research Foundation, TESEV, Istanbul,1996.

Journal Editing

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Central Bank Review, Editorial Board Member, 2010 - present.

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İktisat, İşletme ve Finans (Economics, Business and Finance),  Academic Scientific Board, 2010 – present.

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European Journal of Political Economy, 2003-2005.

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Journal of International Trade and Diplomacy, Editorial Board Member, 2006-present.

Referee

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Economic Journal, Review of Economics and Statistics (x2), Journal of Econometrics(x2), Journal of Applied Econometrics (x3), International Economic Review (x2), Review of Financial Studies (x2), Journal of Financial and Quantitative Analysis, Journal of Development Economics (x2), Journal of Empirical Finance, Journal of Money, Credit and Banking, European Economic Review, World Development, Oxford Economic Papers, IMF Economic Review, IMF Staff Papers, European Journal of Political Economy, Southern Economic Journal, Review of World Economics (x2), Bulletin of Research, Economic Inquiry, Emerging Markets Finance and Trade, Turkish Central Bank Review, American Journal of Agricultural Economics, İşletme, İktisat ve Finans (Business, Economics and Finance (x3), Empirical Economics, Iktisat İşletme ve Finans (Economics, Business and Finance, x3), Journal of Asian Economics, Journal of Financial Services Research, Journal of International Trade and Diplomacy (x2), Journal of International Trade and Economic Development (x2), Quantitative Finance, Review of Finance, METU Studies in Development, Quarterly Review of Economics and Finance (x2), Russian and East European Trade, Journal of the Banking Regulatory and Supervisory Agency.

Member of Organizing Committee

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Central Bank of the Republic of Turkey, Internal Reseach Workshop, December 24, 2011

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Winter Workshop in Economics, Koç University, 2007 2011

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Society for Economic Dynamics, Annual Meetings, Istanbul, July 2-4 2009

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Annual Congress of the European Economic Association and Econometric Society European Meetings, 1996

 

Invited Lecture

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Turkish Competition Authority, Thursday Lectures, “Reform in the Turkish Telecommunications Sector,” (in Turkish), February 2, 2000

Member

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Governing Board, GLODEM (The Center for Research on Globalization and Democratic Governance), Koç University, 2010 -

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FEMISE (Forum Euroméditerranéen des Instituts de Sciences Économiques) Internal Research Competition, Refereeing Committee, 2010

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Evaluation Committee, International Investors' Association (YASED) Essay Competition 2010

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Research Competition Evaluation Committee, The Central Bank of the Republic of Turkey, June, 2010

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Board of Advisors, Bahçeşehir University Economic and Social Research Center (2008-)

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Board of Directors and Executive Committee, Tusiad-Koç University Economic Research Forum (2005-2007) 

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Expert Sub-committee for the preparation of “The Report on the Industrial Policy,” (in Turkish) The IX Development Plan of Turkey, September 2005-June 2006

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Expert Sub-committee for the preparation of “The Report on the Economic and Financial Globalization,” (in Turkish) The VIII 5-year Development Plan of Turkey, March 2000

Faculty Service

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Coordinator, MA Program in Economics, Koç University: 20052007.

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Member, Executive Council, Social Sciences Institute, Koç University: 2004–2007.

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Member, Faculty Council, College of Administrative sciences and Economics, Koç University: 1999-2002, 2004–2008

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Member, Faculty Council, Graduate School of Business, Koç University: 1999–2002, 2004– present.

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Workshop Coordinator, Department of Economics, Koç University: 2000–2002, 2004–2005.

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Coordinator, Department of Economics, Koç University: 2002–2003.

 

Contributions to Popular Press:

Articles:

bullet “High Volatility Breeds High Correlation: New Analysis of European Bank Stock Prices,” www.VoxEU.org, September 25, 2011.
bullet “2002’den 2011’e AKP’nin Ekonomi Politikaları,” TUSIAD Görüş Dergisi, Sayı 68, Haziran 2011.
bullet “Durgunluktan Çıkış Yavaş Ama Emin Adımlarla Devam Ediyor,” TUSIAD-Koc University ERF Policy Note 0908, September 2009. With M. Adalet.
bullet “GSYH’de Aşağı Yönlü Revizyon Devam Edecek Gibi Gözüküyor,” TUSIAD-Koc University ERF Policy Note 0907, September 2009.
bullet “Küresel Ekonomik Durgunluk ve Korumacılık Eğilimi,” (Global Recession and Protectionism) Radikal, Turkish Daily, April 6, 2009.
bullet “This Time it is Realy Different: Major Industrialized Countries Are Pulling Each Other into the Abyss,” www.VoxEU.org, March 30, 2009.
bullet “Siyasette Reform Zorunlu,” (Political Reform is Necessary), Radikal İki, Turkish Daily, June 3, 2007
bullet “Enflasyonun Ekonomi Politik Analizi” (Political Economy of Inflation), TUSIAD Görüş Dergisi, Mart 2003.
bullet “Kimi Desteklemeli?” (For Whom to Vote?) Kule, Koç University Magazine, October 2002.
bullet “Reform Partisi Gerekli” (A Reform Party is Needed) Radikal, Turkish Daily, July 19, 2002.
bullet “Enflasyon Hedeflemesi” (Inflation Targeting) Radikal, Turkish Daily, Feb 27, 2001.
bullet “Sorun, Kamu Açıkları,” (At the Root of the Crisis Lies the Public Sector Deficit) Milliyet, Turkish Daily, 20 December 1998.
bullet “Para Kurulu Sistemine Geçiş,” (Should Turkey Switch to the Currency Board System?), Başak Dergisi, May-June 1998.

Interviews (published):

bullet Newsweek (September 20, 2009, June 21, 2009, and April 5, 2009), ISO Dergisi (January 2009, Küresel Resesyon Tehlikesi Kapıda), Capital (August 2007), Infomag (August 2007, September 2006), Referans (daily, August 12, 2006), Forbes, A monthly economics and business magazine (January, 2006), Konsept, a quarterly journal of Meteksan Information Technology (2005), Power, A monthly economics and business magazine (March, 2002), Gozlem, A bi-monthly newspaper (March 5-18, 2001), The New York Times, (Interview quoted on February 22, 2001), Koc Holding – Monthly Newsletter (September 2000), Macro, A monthly business and economics magazine (June 1996), Paramatik, a weekly business and economics magazine (1996).

Interviews (broadcasted):

bullet Haberturk, July 15, 2010, February 24, 2010, April 2, 2010, May 24, 2010. Bloomberg HT, January 27, 2010.  SkyTurk , February 13, 2009; Dec. 23, 2008; October 17, 2008; April 28, 2008, March 20, 2008; July 11, May 18, 2007; Nov. 8, Sep. 13, 2005. Channel 24 , March 28, 2008.  CNN Turk , Aug. 2007; July 10 2007; Jan. 25, 2003; July 30, 2002; Feb. 19, 2003.
TGRT, Sep. 14, 2001. CNBC-e, Sep. 11, 2001.  Channel 5, UK, Aug. 23, 1999.  NTV , June 14, 1999.

Popular Press and Professional Reports on My Work

bullet Lyxor – Strategic Asset Allocation, March 2011, No. 6 (Diebold and Yilmaz, 2010).
bullet J.P. Morgan – Global FX Strategy 2011, p. 20, Nov 23, 2010 (Diebold and Yilmaz, 2009).
bullet “15-year long Customs Union Debate,” (in Turkish) Turkishtime Monthly, October 2010, (reporting on “Taking Stock: The Customs Union between Turkey and the EU Fifteen Years Later.”)
bullet “Economic Justice,” by James Picerno in Financial Advisor Magazine September 2009. (reporting on Diebold and Yilmaz, "Macroeconomic Volatility and Stock Market Volatility, World-Wide.")
bullet Nomura Global Economics – Weekly Economic Monitor “Forces of De-Globalisation”, April 3, 2009 issue – Report based on “International Business Cycle Spillovers”.
bullet VoxEU.org, “Financial Market Interdependence,” Interview with Francis X. Diebold and Kamil Yilmaz, on Diebold and Yilmaz (2009) “Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets”.
bullet Citigroup Global Markets, Academic Research Digest, January 2009 issue – a review of Diebold and Yilmaz, 2009i “Macroeconomic Volatility and Stock Market Volatility, Worldwide”.
bullet Beta Investment Report (www.betainvestment.com) "The Volatility Connection," reporting on Diebold-Yilmaz, "Macroeconomic Volatility and Stock Market Volatility, World-Wide," December 2008; Diebold and Yilmaz (2009) “Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets”. as well as publishing an interview with me.
bullet SeekingAlpha.com, "Looking for Clues in Volatility," reporting on Diebold-Yilmaz, "Macroeconomic Volatility and Stock Market Volatility, World-Wide," December 2008, http://seekingalpha.com/article/111282-looking-for-clues-in-volatility.

Professional Affiliation

bullet American Economic Association
bullet Econometric Society

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