Hakan Berument

Email: berument@bilkent.edu.tr
Contact Number: +90 312 290 3247
Office: A112
Personal Homepage: http://www.bilkent.edu.tr/~berument/

EDUCATION
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

FIELDS OF SPECIALIZATION

Monetary Economics, Macroeconomics, Time Series Analysis, Econometrics

PUBLICATIONS
H. Berument, N. Ceylan and N.Doðan “The Impact of Oil Price Shocks on the Economic Growth of Selected MENA CountriesThe Energy Journal, Vol. 31, No. 1, 150-176, (2010)
H. Berument and A. Þahin “Seasonality in inflation Volatility: Evidence from Turkey” Journal of Applied Economics., v. 13, iss. 1, pp. 39-65, (2010)
• H. Berument, N.Doðan and B.Onar “Effects of daylight savings time changes on stock market volatility”,
Psychological Reports,106(2), 632-40, (2010)
H. Berument, Y. Yalcin and J. Yildirim “The Effect of Inflation Uncertainty on Inflation:  Stochastic Volatility in Mean Model within a Dynamic Framework Economic Modelling” Economic Modelling 26, 1201–1207, (2009)
H. Berument, N. Ceylan and G. Eker  “Soccer, Stock Returns, and Fanaticism: Evidence from Turkey”, Social Science Journal, 46, 594–600, (2009)
H. Berument, N. Dogan and A. Tansel “Macroeconomic Policy and Unemployment by Economic Activity: Evidence from Turkey”, Emerging Markets Finance and Trade, May–June, Vol. 45, No. 3, pp. 21–34, (2009)
H. Berument, and E.M. Yucel “Effects of USD-Euro Parity on a Small Open Economy:  Evidence from Turkey”, Applied Economics, 40, 2165–2174, 2008. 
H. Berument, “Measuring Monetary Policy for A Small Open Economy: Turkey” Journal of Macroeconomics, vol. 29, pp. 411-30 (2007) 
H. Berument and E. Yuksel “ Effects of Adopting Inflation Targeting Regimes on Inflation Variability”, Physica A, vol. 375, issue 1, pp. 265-273 (2007) 
H. Berument, N. Ceylan and H. Olgun ““Inflation Uncertainty and Interest Rates: Is the Fisher Relation Universal?” Applied Economics, vol. 39, no. 1, pp. 53 – 68, (2007) 
H. Berument, G. Eker and B. Doðan “Football and Exchange Rates: Empirical Support for Behavioral Economics” Psychological Reports, vol. 101, pp. 643-654. (2007) 
H. Berument, B. Ceylan and B. Vural, “The Effects of Japanese Economic Performance on Indonesia”, Applied Economic Letters, vol.13, pp. 499-502 (2006)
H. Berument,  N. Dogan, A. Tansel, "Economic performance and unemployment: evidence from an emerging economy," International Journal of Manpower, vol. 27, pp. 604-623 (2006). 
H. Berument,  N.B. Ceylan and E. Gozpinar “Performance of Soccer on the Stock Market: Evidence from Turkey” Social Science Journal, 43, 695-699 (2006). 
H. Berument, O.Ýnce and E. Yücel, “Success in Soccer and Economic Performance: Evidence from Beþiktaþ-Turkey, RISEC-International Review of Economics and Business, vol.53, pp. 160-174 (2006)
H. Berument, Y. Akdi and. S. Cilasun, "Relationship Between Different Price Indices", Physica A, vol.360, pp. 483-492 (2006)
H. Berument and. J. Heckelman, “Fractionalization Effect and Government Financing
H. Berument and. O. Ince, “Effect of S&P500’s Return on Emerging Markets: Turkish Experience” Applied Financial Economics Letters (2005), 1 , 59-64
• H. Berument, Z. Kilinc and U. Ozlale, “The Missing Link Between Inflation Uncertainty and Interest Rates" Scottish Journal of Political Economy, 52(2), 222-241 (2005)
H. Berument and E. Yücel  “Long Live Fenerbahçe: The Production Boosting Effects of Football in Turkey” Journal of Economic Psychology. 26, 842-861 (2005)
H. Berument and N. Dinçer “Denomination Composition of Trade and Trade Balance: Evidence from Turkey” Applied Economics, 37, 1177-91 (2005)
H. Berument, Y. Akdi and C. Atakan "An Empirical Analysis of Istanbul Stock Exchange Sub-Indexes" Studies Nonlinear Dynamics and Econometrics 9(3), Article 5 (2005)
H.Berument and N. Dinçer “Inflation and Inflation Uncertainty in the  G-7 Countries” Physica A  348 371–379, (2005)
• H. Berument and E. Yücel “Return and Maturity Relationship for Treasury Auctions: Theory and Evidence from Turkey” Fiscal Studies 26(3), 385-419 (2005)
H. Berument, Z. Kilinc and U. Ozlale,  “The Effects of Different Inflation Risk Premiums on Interest Rate Spreads”, Physica A,  333, 317-324         (2004)
H. Berument and N. Dincer, “Do Capital Flows Improve Macroeconomic Performance in Emerging Markets”, Emerging Markets Finance and Trade,  40(4), 20-32     (2004)
• H. Berument and N. Dincer, “The Effects of Exchange Rate Risk on Economic Performance: The Turkish Experience” Applied Economics, 36, 2429-2441     (2004)
H. Berument, and Z. Kilinc, “The Effects of Foreign Income on Economic Performance of a Small-Open Economy: Evidence from Turkey”, Applied Economics Letters, vol. 11, pp. 483-488  (2004)
H.Berument and H. Tasci, “Monetary Policy Rules in Practice: Evidence from Turkey”, International Journal of Finance and Economics, vol. 9, pp. 33-38 (2004)
H. Berument, K. Metin-Özcan and B. Neyapti, “Dynamics of Inflation and Inflation Inertia in Turkey”, Journal of Economic Cooperation, , vol. 25(3), pp. 63-86  (2004)
H. Berument and H.Kiymaz, “The Day of the Week Effect on Stock Market Volatility and Volume: International Evidence”, Review of Financial Economics, vol. 12(4), pp. 363-380 (2003)
H. Berument and M. Pasaogullari “Effects of the Real Exchange Rate on Output and Inflation: Evidence from Turkey”, Developing Economies, vol. 41(4), pp. 401-435 (2003)
H. Berument and B. Doðan, “Openness and the Effectiveness of Monetary Policy: Empirical Evidence from Turkey,” Applied Economics Letters, vol. 10, no. 4, pp. 217-221   (2003)
H. Berument and A. Günay, “Exchange Rate Risk and Interest Rate: A Case Study for Turkey,” Open Economies Review, vol. 14, no. 1, pp.19-27   (2003).
H. Berument, “Public Sector Pricing Behavior and Inflation Risk Premium in Turkey,” Eastern European Economics, vol. 41, no. 1, pp. 68-78  (2003).
H. Berument and O. Onder, “Central Bank Independence, Government Political Orientation and Optimum Government Expenditure Financing”, Review of International Economics and Business, vol. 12(4), pp. 433-461    (2002)
H. Berument and M. Jelassi, “Fisher Hypothesis: A Multi-Country Analysis,” Applied Economics, vol. 34, pp. 1645-1655 (2002).
H. Berument and H. Taþçý, “Inflationary Effect of Crude Oil Prices in Turkey,” Physica A, vol. 316, pp. 568-580   (2002)
H. Berument and H. Taþçý, “Monetary Policy, Income and Prices: A Stability Assessment,” Applied Economics Letters, vol. 9, pp. 685-694 (2002).
H. Berument and H. Kýymaz, “The Day of the Week Effect on Stock Market Volatility,” Journal of Economics and Finance, vol. 25, no. 2, pp. 181-193 (2001).
H. Berument, K. Malatyalý and B. Neyaptý, “Turkey's Full Membership to the European Union: An Investigation in View of the Business Cycles,” Russian and East European Finance and Trade, vol. 37, no. 4, pp. 50-60 (2001).
H. Berument and K. Malatyalý, “Determinants of Interest Rates in Turkey,” Russian and East European Finance and Trade, vol. 37, no. 1, pp. 5-16 (2001).
E. Alper, H. Berument and K. Malatyalý, “The Impact of the Disinflation Program on the Structure of the Turkish Banking Sector,” Russian and East European Finance and Trade, vol. 37, no. 6, pp. 81-95 (2001).
H. Berument and K. Malatyalý, “Determinants of Interest Rates in Turkey”, Russian and East European Finance and Trade, vol. 37, no. 1, pp. 5-16 (2001).
H. Berument, Bilin Neyaptý and K. Malatyalý, “Turkey’s Full Membership to the European Union”, Russian and East European Finance and Trade, vol. 37, no. 4, pp. 50-60  (2000)
H. Berument, K. Malatyalý, “The Implicit Reaction Function of the Central Bank of the Republic of Turkey,” Applied Economics Letters, vol. 7, pp. 425-430   (2000).
H. Berument, “The Impact of Inflation Uncertainty on Interest Rates in the UK,” Scottish Journal of Political Economy, vol. 46, pp. 207-218 (1999).
G. Muradoðlu, H. Berument and K. Metin, “Financial Crisis and Changes in Determinants of Risk and Return: An Empirical Investigation of Emerging Markets,” Multinational Finance Journal, vol. 3, no. 4, pp. 223-252 (1999).
H. Berument, “Central Bank Independence and Financing Government Spending,” Journal of  Macroeconomics, vol. 20, pp. 133-152 (1998).
H. Berument and R. Froyen, “Potential Information and Target Variables for UK Monetary Policy,” Applied Economics, vol. 30, pp. 449-463 (1998).
H. Berument and R. Froyen, “Political Business Cycles and Endogenous Elections,” Southern Economic Journal, vol. 64, pp. 987-1000 (1998).
H. Berument, “Financing Divided Governments,” Applied Economics Letters, vol. 4, pp. 369-372  (1997).

PROFESSIONAL EXPERIENCE:

Professor Bilkent University, Department of Economics,  2007

Associate Professor Bilkent University, Department of Economics, 2003 - 2007
Visiting Scholar University of North Carolina, Department of Economics, 2002 - 2003
Assistant Professor Bilkent University, Department of Economics, 1999 - 2003
Director General, Research Department (Chief Economist) Central Bank of the Republic of Turkey, 1999
Assistant Professor Bilkent University, Department of Economics, 1995 - 1999