Sumru Altug - Economic Research Forum (ERF)

Sumru Altug

Research Fellows

Professor, American Univeristy of Beirut

Areas of Interest:

  • Macroeconomic Theory
  • Money and Banking
  • Financial Economics


  • Ph.D., Economics, Carnegie-Mellon University, 1985
  • M.A., Economics, University of Pittsburgh, 1980
  • University of Pittsburgh, B.A. in Economics (summa cum laude), December 1978


  • Professor, Koc University, 2003 – Present
  • Professor, University of York, UK, 2000 – 2002
  • Professor, University of Durham, UK, 1999 – 2000

Latest Publications:

  • “The Interaction of Real and Financial Markets in the Global Economy: What Role Does China Play?”, (2017) with Cem C¸ akmaklı and Ruveyda Izgi G¨ozen, D. Nguyen and S. Boubaker (eds.), Handbook of Global Financial Markets: Transformations, Dependence, and Risk Spill-overs, World Scientific Publishing, forthcoming.
  • “Search Frictions, Financial Frictions, and Labor Market Fluctuations in Emerging Economies,” (2017), with Serdar Kabaca, Emerging Markets Finance and Trade, 53(1), pp. 128-149.
  • Forecasting Inflation With Survey Expectations and Inflation Targets: Evidence for Brazil and Turkey, (2016), with Cem Cakmakli, International Journal of Forecasting, 32, pp. 138-153.
  • Real Business Cycles after Three Decades: A Panel Discussion with Edward Prescott, Finn Kydland, Charles Plosser, John Long, Gary Hansen, and Thomas Cooley” (2015), with Warren Young, Macroeconomic Dynamics 19(2), pp. 425-455
  • Guest Editor’s Introduction, Special Issue on “Macroeconomic Modelling in Emerging Economies,”, (2015), Emerging Markets Finance and Trade, 50(2), pp. 99-101.
  • Do Institutions and Culture Matter for Business Cycles? (2014) with Fabio Canova, Open Economies Review 25(1), pp. 93-122.

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