Ph.D., Economics, Georgetown University, Washington D.C., U.S.A., 2011
Eylem Ersal-Kiziler, Ph.D. is an Associate Professor of Economics at the Department of Economics, University of Wisconsin, Whitewater. Dr. Ersal-Kiziler received her Ph.D. in Economics from Georgetown University and M.A. in Economics from Bilkent University, Turkey.
Dr. Ersal-Kiziler’s research interests are mainly in international finance and open economy macroeconomics. She has published work that examines international capital flows and current account balances in relation to permanent and transitory changes in output, mainly in advanced economies. Her most recent work focuses on the debt flows within the European Monetary Union (EMU) and the role of common single currency (euro) in shaping the geography of these flows within and to the EMU.
Dr. Ersal-Kiziler currently has work in progress on international capital flows and uncertainty.
At the University of Wisconsin-Whitewater, Dr. Ersal-Kiziler has been teaching International Finance (Econ 406), Intermediate Macroeconomics (Econ 302), Business Statistics (Econ 245), and Principles of Macroeconomics (Econ 202) at the undergraduate program. She also taught Business Conditions Analysis (Econ 736) in the MBA program. Dr. Ersal-Kiziler is a member of the CoBE Strategic Planning Committee and the Faculty Senate.
The Canadian Economics Association awards the Robert Mundell Prize to the "young" author or authors of the paper judged to be the best paper published in the Canadian Journal of Economics in the previous calendar year. The Robert Mundell Prize for the best article published in the Canadian Journal of Economics in 2014 by an early-career economist was awarded to David Amdur and myself for our joint paper "Trend Shocks and the Countercyclical U.S. Current Account", which appeared in the May 2014 issue of the Canadian Journal of Economics.
Women in Leadership Recognition
March 2015
University of Wisconsin-Whitewater Women’s Issues Committee
The Women in Leadership recognition program was created by the Women’s Issues Committee as a way to honor women in all types of leadership positions at UW-Whitewater.
Leon P. Hermsen Excellence in Teaching Award
April 2014
College of Business and Economics
Each year the Dean’s Student Advisory Committee (DAC) selects one faculty/staff
member to receive the Leon Hermsen Excellence in Teaching Award.
Using Fink's Significant Learning to Foster Inclusiveness
Bayer et al. [2020] identify (1) Relevance (2) Belonging and (3) Growth mindset (RBG) as factors that might explain the underrepresentation of women and URM students in economics. They assert that efforts to foster RBG measures of students require integra...
Signicant Learning in Introductory Macroeconomics: Addressing Misconceptions about "Others"
Misconceptions hinder optimal student learning. They need to be addressed explicitly and formally to achieve effective teaching of economics. This article outlines an activity that is designed to address misconceptions about “others” using backwards cours...
Revisiting International Macroeconomic Puzzles
Yamin Ahmad
“Macroeconomic Uncertainty and International Capital Flows”
Ezgi Ozturk
This study examines the relationship between changes in the gross and net capital flows, and macroeconomic uncertainty. We use variable-specific, country-specific, and global uncertainty estimates based on Consensus Forecasts for 46 advanced and emerging ...
Discussion of "Business cycle implications of rising household credit market participation in emerging countries", by Zulma Barrail
Transmission of Shocks Through the International Banking System
The role of limited information in asset price dynamics
Yamin Ahmad
This note examines the role of information in determining asset price dynamics under rational expectations. Under the no-bubbles solution, we generate and compare price dynamics arising from different informational assumptions on the part of households. W...
A Comparative Analysis of Service vs. Manufacturing Acquirers
Rimi Zakaria
Bubble-like Behavior in Asset Markets: The Role of Limited Infomation
Yamin Ahmad
This note examines the role of information in determining asset price dynamics under rational ex- pectations. Under the no-bubbles solution, we generate and compare price dynamics arising from different informational assumptions on the part of households....
Foreign Exchange Risk and Debt Flows to Peripheral Europe
Ha Nguyen
Euro Currency Risk and the Geography of Debt Flows to Peripheral Europe
Ha Nguyen
A stylized fact we observe is that most of the financing of Peripheral Europe is done by the Core Europe: countries like France and Germany do most of the lending to the Peripheral Europe. Lending by outside investors is more limited. In turn, core Europe...
Discussion of "Worker Remittances and Economic Growth in a Real Business Cycle Framework", by Michael Batu
This paper develops a model of an artificial economy which has the basic structure of the standard Real Business Cycle (RBC) model with stochastic remittance shocks. The model was calibrated using data for 85 remittance recipient countries and the calibra...
On the Financiers of the Peripheral EU
Ha Nguyen, World Bank
The financing pattern of “peripheral” Europe’s current account deficit vis-a-vis the rest of the world is puzzling: the financing is mostly indirect and intermediated by the large countries of the euro area (Chen, Milesi-Ferretti, and Tressel 2013). Speci...
On the Financiers of Peripheral EU
Ha Nguyen, World Bank
The financing pattern of “peripheral” Europe’s current account deficit vis-a-vis the rest of the world is puzzling: the financing is mostly indirect and intermediated by the large countries of the euro area (Chen, Milesi-Ferretti, and Tressel 2013). Speci...
Eurozone and Financing of the Peripheral EU
Ha Nguyen
A stylized fact we observe is that most of the financing of Peripheral Europe is done by the Core Europe: countries like France and Germany do most of the lending to the Peripheral Europe. Lending by outside investors is more limited. In turn, core Europe...
Growth Shocks and Portfolio Flows
Discussion of "Predictability and Specification in Models of Exchange Rate Determination by Levent Bulut "
We examine a class of popular structural models of exchange rate determination and compare them to a random walk with and without drift. Given almost any set of conditioning variables, we find para- metric specifications fail. Our findings are based on a ...
Growth Shocks and Portfolio Flows
This paper studies the cyclicality of portfolio flows under the presence of productivity growth rate shocks. Productivity growth rate shocks successfully replicate countercyclical net equity outflows and procyclical bond inflows for advanced countries, wh...
Discussion of "Determinants of Convergence in the Marginal Product of Capital by Elena Bondarenko and Shuichiro Nishioka"
This paper examines the determinants of convergence in the marginal product of capital. We develop an empirical model from Solow's growth model and augment it to include global factors of financial flows and capital embodied in commodity trade. Using data...
Discussion of "The 2000 and 2008 Olympic Games Announcements and Chinese Stock Market Responses by Yu Liu"
Major cities often compete to host the Olympic Games and argue that staging such a mega event will
generate net positive economic impacts to the hosting economy. This argument implies that, if the
investors do not fully anticipate the election result, p...
Growth Shocks and Portfolio Flows
This paper studies the cyclicality of portfolio flows under the presence of productivity growth rate shocks. Productivity growth rate shocks successfully replicate countercyclical net equity outflows and procyclical bond inflows for advanced countries, wh...
Trend Shocks and Countercyclical U.S. Current Account
David Amdur
From 1960–2009, the U.S. current account balance has tended to decline during expansions and improve in recessions. We argue that trend shocks to productivity can help explain the countercyclical U.S. current account. Our framework is a two- country, two-...
Growth Shocks and Portfolio Flows
This paper studies the cyclicality of portfolio flows under the presence of productivity growth rate shocks. Productivity growth rate shocks successfully replicate countercyclical net equity outflows and procyclical bond inflows for advanced countries, wh...
Using Fink's Significant Learning To Foster Inclusiveness
Journal Article, Academic Journal
S-curve
Journal Article, Academic Journal
Uncertainty and International Capital Flows
Journal Article, Academic Journal
A Note on the Role of Limited Information in Asset Price Dynamics
Economics Bulletin
Journal Article, Academic Journal
Significant Learning in Introductory Macroeconomics: Addressing Misconceptions about “Others”
The Journal of Economic Education, Taylor and Francis Online
Journal Article, Academic Journal
July (3rd Quarter/Summer) 2023
Sectoral and institutional characteristics of acquirers and targets: a dyadic approach to deal completion
Review of International Business and Strategy
Journal Article, Academic Journal
Vol. 33 Iss. 4 Pg. 649-668
March 2023
Euro Currency Risk and the Geography of Debt Flows to Peripheral EMU
Journal of International Money and Finance
Journal Article, Academic Journal
2016
International portfolio flows with growth shocks
Economics Letters
Journal Article, Academic Journal
Vol. 141 Iss. April 2016
April (2nd Quarter/Spring) 2016
Trend Shocks and Gross Financial Flows
International Journal of Economics and Finance
Journal Article, Academic Journal
Vol. 7 Iss. 5
May 2015
Trend Shocks and the Countercyclical U.S. Current Account
Journal of Canadian Economics
Journal Article, Academic Journal
Vol. 47 Iss. 2
May 2014
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