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, Y. Akdi and. S. Cilasun, "Relationship Between Different Price Indices", Physica A (forthcoming)
• H. Berument and. J. Heckelman, “Fractionalization Effect and Government Financing” International Journal of Applied Economics  (forthcoming)
• H. Berument and. B. Doğan, “The Asymmetric Effects of Government Spending Shocks: Empirical Evidence from Turkey” Journal of Economic and Social Research (forthcoming)
• 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. Doğan, “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. Taşçı, “Inflationary Effect of Crude Oil Prices in Turkey,” Physica A, vol. 316, pp. 568-580   (2002)
• H. Berument and H. Taşçı, “Monetary Policy, Income and Prices: A Stability Assessment,” Applied Economics Letters, vol. 9, pp. 685-694 (2002).
• H. Berument and H. Kıymaz, “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. Malatyalı and B. Neyaptı, “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. Malatyalı, “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. Malatyalı, “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. Malatyalı, “Determinants of Interest Rates in Turkey”, Russian and East European Finance and Trade, vol. 37, no. 1, pp. 5-16 (2001).
• H. Berument, Bilin Neyaptı and K. Malatyalı, “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. Malatyalı, “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. Muradoğlu, 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