 |
Dr. Hakan Berument | Department
of Economics Bilkent University |
| June
17, 1965, Istanbul |
berument@bilkent.edu.tr | |
| ACADEMIC DEGREES |
| Ph.D. Economics - University of North Carolina at Chapel Hill 1994 |
| M.S. Economics - University of Kentucky 1989 |
| B.S. Economics - Middle East Technical University 1987 |
| EMPLOYMENT HISTORY |
| 9/99 - Present Assistant Professor Bilkent University, Department of Economics |
| 1/99 - 9/99 Director General, Research Department
(Chief Economist) Central Bank of the Republic of Turkey |
| 9/95 - 1/99 Assistant Professor Bilkent University, Department of Economics |
| 8/94 - 9/95 Visiting Assistant Professor Wake Forest University, Department of Economics |
| 8/91 - 9/94 Instructor University of North Carolina, Department of Economics |
|
|
| HONORS, SCHOLARLY and PROFESSIONALLY DUTIES and ACHIVEMENTS |
| Journals that I Refereed |
| Applied Economics |
| Contemporary Economic Policy |
| METU Studies in Development |
| Russian and East European Finance and Trade |
| Chairmanship in Meetings |
| Turkish Inflation Dynamics, METU/ERC International Conference on Economics, September, 2001. |
| Inflation Dynamics in Turkey, METU/ERC International Conference on Economics, September, 2000 |
| Session G, International Symposium on Economic Modelling, Jun 1999. |
| Monetary Policy III, METU/ERC International Conference on Economics, September, 1999. |
| Turkish Macroeconomic Policy under Russian Financial Crises, Bilkent University, November 18, 1998 |
| Monetary Economics: Theory and Practice, METU/ERC International Conference on Economics, September, 1998. |
| Discussed Papers |
| Role of Equipment Investment in National Productivity Convergence by Nevin Cavusoglu, Eastern Economic Association Meetings, Boston MA, March 2002. |
| Monetary Policy Rules and Openness, Western Economic Association Meetings, San Francisco, CA, July 2001. |
| Contagain effect of East Asian Crisis , Western Economic Association Meetings, San Francisco, CA, July 1999 |
| "Determinants of the U.S. Government's Expenditures Growth: A Simultaneous Approach", Midsouth Academy of Economics and Finance, Nashville, TN, February 1994. |
| "Real Rate Nonstationarity and the Fisher Equation", Eastern Economic Association Meeting, Washington, DC, April 1993. |
|
|
| HONORS, SCHOLARLY AND PROFESSIONAL DUTIES AND ACHIVEMENTS |
| Member of Editorial Board of Isletme ve Finans 2000- |
| Member of Center for Economics and Econometric 2000- |
|
|
| MEMBERSHIP |
| American Economic Association 1988 - |
| Western Economic Association 1993 - |
| Middle East Economic Association 1995- |
| Eastern Economic Association 2001- |
|
|
| INVITED LECTURS and INVITED TALKS |
| Impact of Disinflation Program on the Turksih
banking Sector, , METU/ERC International Conference on Economics,
September, 2001. |
| Monetary Policy, Income and Prices: A Stability Assesment, METU/ERC International Conference on Economics, September, 2001. |
| Treasury Auction Interest Rate and Economic Performance on Turkey, Eastern Economic Association Meetings, Boston MA, March 2002. |
| Measuring Monetary Policy for a Small Open Economy, Western Economic Association Meetings, San Francisco, CA, July 2001. |
| Measuring Monetary Policy for a Small Open Economy, Boðaziçi University, April 2001. |
| Identification of Monetary Policy for a Small Open Economy, METU, April 2001. |
| Time-Varying Responses of Long-term Interest Rates to Changes in the Federal Funds rate, Western Economic Association Meetings, San Diego, CA, July 1999. H. Berument and R. Froyen. |
| Implicit Reaction Function for the Central bank of the Republic of Turkey, Middle East Economic Association Meetings, New York, NY, January 1999. H. Berument and K. Malatyalý.. |
| "International Evidence on the Day of the Week Effect on the Stock Market Volatility" presented at the 1999 Global Finance Association Annual Meeting, (Istanbul, Turkey, April 1999), H. Berument and H. Kýymaz. |
| Central Bank Independence, and Financing Government Spending METU January 1996. |
| Central Bank Independence, and Financing Government Spending” Bosphorus University, February 1996. |
| Monetary Policy Risk, Output, and Output Risk for Germany, Central Bank of the Republic of Turkey, May 1996. |
| Political Business Cycles and Endogenous Elections, METU, September 1996. |
| Determinants of Interest Rates in Turkey, Turkish Treasury, October 1998. |
| “Implicit Reaction Function for the Central Bank of the Republic of Turkey” METU/ERC International Conference on Economics, Hakan Berument and Kamuran Malatyali, September, 1998. |
| “Inflation Uncertainty: What does Affect It?” METU/ERC International Conference on Economics, Anakra, September, 1998. |
| “Inflation Uncertainty: What does Affect It?” 1998 Western Economic Association Meetings Lake Thao, NV, June-July 1998. |
| “Macroeconomic Uncertainty and Economic Performance for Germany” METU/ERC International Conference on Economics, October 1997. |
| “Empirical Investigation of Stock Returns and Volatility in an Emerging Market: Istanbul Stock Exchange” , Coauthor, METU/ERC International Conference on Economics, Anakra October, 1997. |
| “Empirical Investigation of Stock Returns and Volatility in an Emerging Market: Istanbul Stock Exchange” , Coauthor, Middle East Economic Association Meetings, New Orleans, LA, January 1997. |
| “Political Business Cycles and Endogenous Elections” METU October 1996. |
| “Political Business Cycles and Endogenous Elections” Bilkent October 1996. |
| “Central Bank Independence and Financing
Government Spending” METU, February 1996. |
| “Central Bank Independence and Financing Government Spending” Bousprous University February 1996. |
| “Macroeconomic Uncertainty and Economic Performance for Germany” Turkish Central Bank, May 1996. |
| “Macroeconomic Uncertainty and Economic Performance for Germany” Bilkent University, April 1996. |
| “Macroeconomic Uncertainty and Economic Performance for Germany” 1996 Western Economic Association Meetings San Francisco, CA, June-July 1996. |
| "Interest Rates, Inflation and Variability of Inflation: A Case Study for Turkey", Coauthor, Middle East Economic Association Meetings, Washington, DC, January 1995. |
| "Fractionalization of Government, Fixed Exchange Rate Regime and Government Financing", Southern Economic Association Meetings, Orlando, FL, November 1994. |
| "Fractionalization of Government and Its Financing", Midsouth Academy of Economics and Finance Meetings, Nashville, TN, February 1994. |
| "President's Popularity, Partisan Theory and Financing Government Spending", Southern Association for Public Opinion Research Annual Conference, Raleigh, NC, October 1993. |
| "Effects of Central Banks Independence on
Governments Financing of Its Expenditures", Eastern Economic
Association Meetings, Washington, DC, April 1993. "Exchange Rate Uncertainty and Its Effect on International Trade", Coauthor, Atlantic Economic Association Meetings, Montreal, Canada, October 1989. |
|
|
| GRADUATE STUDENT SUPERVISION |
| Mine Ergun, M.S., “Political Business Cycles
in Turkey”, 9/98 - 9/00 |
| Mehdi Jelassi, M.S., “Inflation Risk - Inflation Relationship: Does Fisher Equation Help?”, 9/98 - 9/99. |
| Hakan Tasci, M.S., “Two Essays on Dynamic Macroeconomics”, 9/00-9/01. |
| Hakan Taþcý, Ph.D, “The Implicit Reaction Function of the CBRT”, 9/01- |
| Asli Gunay, MS., “Exchage Rate Risk and Interest Rate: A Case Study for Turkey”, 9/99-9/01. |
| Asli Gunay, Ph.D, “The Day of the Week Effect on Volatility”, 9/01- |
| Burak Doðan, M.S., Openness and the Effectiveness of Monetary Policy, 9/01- |
| Mehmet Paþaoðullarý, Exchange Rate and the Economic Performance, 10/01- |
| Nergiz Dinçer, Ph.D. “Capital Inflow and Economic Performance for Turkey”, 1/02- |
|
|
| SCHOLARLY PUBLICATIONS |
| Ph.D. Dissertation |
| “The Effects of Government Structure on Expenditure Financing”, 8/1994, Richard T. Froyen, University of North Carolina at Chapel Hill. |
| Chapters in Books |
| Articles in Refereed Journals |
| Public Sector Pricing Behavior and Inflation Risk Premium in Turkey, Eastern European Economics, (forthcoming) Hakan Berument |
| The Day of the Week Effect on Stock Market Volatility, Journal of Economics and Finance, 25(2) 181-193 Hakan Berument and Halil Kiymaz. |
| The Impact of the Disinflation Program on the Structure of the Turkish banking Sector, Russian and East European Finance and Trade, (forthcoming) Emre Alper, Hakan Berument and Kamuran Malatyalý. |
| The Disinflation Program and the Structure of the Turkish Banking Sector, Bogazici Journal (forthcoming) Emre Alper, Hakan Berument and Kamuran Malatyalý. |
| Determinants of Interest Rates in Turkey, Russian and East European Finance and Trade, 37(1) 5-16 Hakan Berument, Kamuran Malatyalý. |
| Financial Crises and Changes in Determinants of Risk and Return: An Empirical Investigation of Emerging Markets, Multinational Finance Journal 3(4), 1999, 223-252 Gulnur Muradoglu, Hakan Berument and Kivilcim Metin. |
| Turkey’s Full Membership to the European Union, Russian and East European Finance and Trade, 37(4), 50-60. Hakan Berument, Kamuran Malatyalý and Bilin Neyapti |
| The Implicit Reaction Function of the Central Bank of the Republic of Turkey, Applied Economics Letters, 2000, 425-430. Hakan Berument and Kamuran Malatyali. |
| “Interest Rates, Expected Inflation and Inflation Risk,” Scottish Political Economy, 46(2), 1999, 207-218, Hakan Berument. |
| “Potential Information and Target Variables for U.K. Monetary Policy”, Applied Economics. 30, 1998, 449-463 Hakan Berument and Richard Froyen. |
| “Interest Rates, Inflation and Variability of Inflation: A Case Study for Turkey“ METU Studies in Development, 24, 1997, 319-327, Hakan Berument and Nuray Güner. |
| “Central Bank Independence and Financing Government Spending”, Journal of Macroeconomics, 20, 1998, 133-152, Hakan Berument. |
| “Political Business Cycles and Endogeneous Elections", Southern Economic Journal 64, 1998, 987-1000, Jac C Heckelman and Hakan Berument. |
| “Politics in Turkey, Economic Populism and Governments”, Hacettepe Üniversitesi Ýktidadi ve Ýdari Bilimler Fakültesi Dergisi, 15, 1997, 171-186 Serdar Sayan and Hakan Berument (in Turksih). |
| “Financing Divided Government”, Applied Economics Letters, 4, 1997, 369-372 Hakan Berument. |
| "The Political Parties and Optimum Government Financing: Empirical Evidence for Industrialized Economies", Southern Economic Journal, 61, 1994, 510-518, Hakan Berument. |
| “Turkiye Cumhuriyet Merkez Bankasi ne kadar bagimsiz?” Iktisat Isletme ve Finans (165) Aralik 1999:11-17 Hakan Berument and Bilin Neyapti |
|
|
| PUBLICATIONS WITH GRADUATE STUDENTS |
| Exchange rate Risk and Interest Rate: A Case Study for Turkey, Open Economies Review, (forthcoming), Hakan Berument and Asli Gunay. |
| Monetary Policy, Income and Prices: A Stability Assestment, Applied Economics Letters, (forthcoming), Hakan Berument and Hakan Taþcý. |
| Fisher Hypothesis: A Multi-Country Analysis, Applied Economics, (forthcoming), Hakan Berument and Mehdi Jelassi. |
| “Ongorulmeyen enflasyonun Turkiye'deki onemi” Iktisat Isletme ve Finans (162) Eylul 1999:26-31Hakan Berument, Hulisi Ogut and Serkan Yigit |
|
|
| Papers, books etc. submitted for publications |
| Modelling Inflation Uncertainty Using EGARCH: An Application to Turkey, Hakan Berument, Kývýlcým Metin-Özcan and Bilin Neyaptý, Contemporary Economic Policy. |
| Central Bank independence, government political orientation and optimum government expenditure financing’, International Review of Applied Economics |
|
|
| Refereed Proceedings |
| “Periodogram Analysis for Seasonal Time Series with Unit Root” Bulletin of International Statistical Institute, 1997 LVII: 453-454 Yýlmaz Akdi and Hakan Berument. |
| “Macroeconomic Uncertainty and Economic Performance for Germany” Bulletin of International Statistical Institute, 1997 LVII: 465-466, Hakan Berument and Yýlmaz Akdi. |
| “Correlation Between Monetary and Real Aggregates: A Turkish Study” TC Devlet Ýstatistik Ensitüsü Arastýrma Sempozyumu 1997 Bildirileri, 191-194 Hakan Berument and Kamuran Malatyalý (in Turksih). |
| “Potential Information Variable for Output” TC Devlet Ýstatistik Ensitüsü Arastýrma Sempozyumu 1997 Bildirileri, 177-80, Hakan Berument and Yýlmaz Akdi (in Turksih). |
| “Modelling Longitutudial and Panel Studies” TC Devlet Ýstatistik Ensitüsü Arastýrma Sempozyumu 1997 Bildirileri, 167-172 Ömer Gebizlioðlu, Yýlmaz Akdi, Hakan Berument and Cemal Atakan (in Turksih). |
|
|
| Published Conference Abstracts |
| “Exchange rate uncertainty and its effect on International Trade”, Atlantic Economic Journal, 1990, 43:62 E. Alexandradis, Hakan Berument and P. Roussos. |
|
|
| Non-refereed Proceedings |
| Berument, Hakan “New Economy and Monetary Policy,” The Central Bank of the Republic of Turkey, June 2001, Ankara. |
| “International Evidence on the Day of the Week Effect on Stock Market Volatility”, the 6th Annual Global Finance Conference, 1999, Istanbul. Halil Kiymaz and Hakan Berument |
| “An empirical investigation of stock returns and determinants of risk in an emerging market: Istanbul Stock Exchange”, IFAC: Society for Computational Economics Meeting'98, Cambridge, UK. Gülnur Muradoðlu, Hakan Berument and Kývýlcým Metin. |
|
|
| TOTAL NUMBER OF CITATIONS (LISTED IN CITATION INDEX) TO PUBLICATIONS IN(12): |
| Citations by others : 8 |
| Self citations : 7 |
|
|
| CURRENT RESEARCH INTEREST |
| Time Varying Responses of monetary policy to the state of the economy |
| Effect of inflation uncertainty to the sate of the economy. |
|
|
| CONTRIBUTION TO BILKENT UNIVERSITY |
| 9/95- 9/97 Member, External Examination Committee of Statistics I and II courses |
| 9/95-9/97 Coordinator of Textbooks Orders for the Department of Economics. |
| 9/95-9/97 Coordinator of the Classroom Assignments for the Department of Economics. |
| 9/95- present Advising Undergraduate Students. |
| 1/96-6/97 and 12/97-8/98. Coordinator of Departmental Seminars. |
|
|
| CONTRIBUTION TO SOCIETY AT LARGE |
| Establishing an article search engine at internet
for studies in Turksih. (http://makale.tcmb.gov.tr) |
| Establishment of Turk-Econ Internet Discussion List for economists worldwide interested in Turkish economy. |
| Volunteer - OPC County Helpline, Chapel Hill, NC September 1990- August 1994. |
| Volunteer - Winston-Salem Hotline, Winston-Salem, NC October1994 - July 1995. |