Macroeconomist at Uni Mannheim | @NUEconomics @TSEinfo @Bogazici_Econ
Mannheim, Germany
Joined June 2013
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In our paper, we argue that pure panic narrative of a financial crisis depends crucially on the nonexistence of outside capital. If people know that the run is due to pure panic, outside investors have a huge incentive to invest and make tons of money.
onlinelibrary.wiley.com/doi/…
Husnu C. Dalgic retweeted
Food for thought!
"Dominant Currency Pricing and Currency Risk Premia" by Husnu C. Dalgic and Galip Kemal Ozhan.
"This paper studies how dominant-currency pricing affects currency risk premia. Empirically, we extract common risk factors from excess currency returns using principal components and relate countries’ factor exposures to observable macroeconomic characteristics, with export dollar invoicing emerging as a predictor of carry-trade exposure. A small open-economy model with dominant-currency pricing and dollar-denominated liabilities explains why. Dollar export invoicing weakens the exchange rate’s stabilizing effect on external demand, while dollar debt makes depreciation costly for leveraged intermediaries. When the two frictions interact, depreciations occur in bad states, local-currency assets become risky, the currency premium rises, and the risk-adjusted neutral rate increases. Under a standard Taylor rule, this mechanism generates persistently higher inflation."
dropbox.com/scl/fi/sc5571ywv…
Husnu C. Dalgic retweeted
Looking forward to @HCD342 presenting our paper, “Dominant Currency Pricing and Currency Risk Premia,” in the Dominant Currencies Session. Comments and feedback are warmly welcome!
The program for the 2026 Society for Economic Dynamics Annual Meeting in Athens is out!
It has been a dream to work with Jen-Jen La'O and our amazing committee to put together this year's program.
editorialexpress.com/confere…
*Small logistical changes might still come.
Our new paper online 👇🏽
New working paper: "Navigating Motherhood: Endogenous Penalties and Career Choice" joint with Husnu Dalgic(@HCD342 ) and Yasemin Ozdemir.
We study the link between job sorting, fertility and motherhood type, using Dutch administrative data.
dropbox.com/scl/fi/4xp48v6z8…
Cool paper from my coauthor 👇🏼
I'm thrilled to see this tweet! I learned a lot from comments by the editor and the referees.
It all started with me knocking on the door of @gprimice to tell him "I think I have a good idea".
I find this sentence from the abstract highly problematic
"infrastructure spending can raise support for autocracy"
People like infrastructure and certainly it can also raise support for democracy. If anything, it should tempt politicians to invest more in housing and roads
Forthcoming in AEJ: Applied Economics: "Highway to Hitler" by Nico Voigtländer and Hans-Joachim Voth. aeaweb.org/articles?id=10.12…
I stopped reading The Economist when I realized how shallow their coverage of Turkey is—calling a cult leader a "scholar"? How can I trust their insights on Asia or the Middle East after that?
Through his teaching, Fethullah Gulen became the second-most-powerful man in Turkey, with only President Recep Tayyip Erdogan surpassing him. But for the last years of his life, the scholar-preacher was a wanted man in exile econ.st/40hzrvU
Photo: Getty Images
Our brief report (in German) on fertility dynamics in Germany during the Great Recession and the Pandemic Recession.
Here is our piece on fertility in Germany, just published in IAB-Forum (joint with @HCD342). A brief summary in English👇👇👇
A new version of the paper by my favorite economist
Husnu C. Dalgic retweeted
Our paper (with @DauthEcon, @HermannGartner, Michael Stops, and Enzo Weber)on the effect of #WorkingfromHome potential on work-home distance!
Despite no trend prior to the pandemic, people in occupations with high Work-from-Home potential increased their distance more after 2020
MORE on how the shift towards #RemoteWork shapes how "labor market and #LocalityChoices interact": 'Working from Home Increases Work-Home Distances'. IZA DP by @SenaCoskun11 @UniFAU, @DauthEcon, @HermannGartner, Michael Stops and Enzo Weber @iab_news.
iza.org/publications/dp/1685…
Husnu C. Dalgic retweeted
In a recent paper w/ @APFerrero @HughLi85363603 we employ a similar approach (panel VAR + estimated DSGE) to ask:
- Does a flexible FX regime provide enough insulation to US monetary policy socks?
- Are additional instruments necessary for domestic monetary policy independence?
Husnu C. Dalgic retweeted
🚨𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗺𝗮𝗰𝗿𝗼 𝗽𝗲𝗼𝗽𝗹𝗲🚨
Don't miss this great paper by @EconSanti @christiano3 @HCD342
and insightful discussions by @skalemliozcan and @JonSteinsson!
Great macro annual! nber.org/conferences/39th-an…
My discussion, the 2nd paper by Camara, Christiano, Dalgic-the International Monetary Policy Transmission Mechanism-that shows both trade and financial channels work to contract EM output with FED hikes: youtube.com/watch?v=kpS08i23…
Our paper on "The International Monetary Transmission"👇👇
It was a great experience to have our paper on "The International Monetary Transmission Channel" presented at the NBER Macro Annual with @HCD342 and Larry Christiano.
Looking forward to the second day of the conference tomorrow!
Here is me explaining our paper in a short video
In this insightful #videopublication, Husnu Dalgic (@HCD342) explains some of the benefits of dollarization on developing economies. 📊
@EconUniMannheim
lt.org/publication/what-impa…
Here is the brief summary and the WP version of our paper
xitter.cf/HCD342/status/14219434…
Finally out! My paper on Financial Dollarization is online! I would like to thank Dirk Krueger and Vivian Yue for expertly handling the paper!
The International Economic Review has just published a new exciting paper by Husnu Dalgic on FINANCIAL DOLLARIZATION IN EMERGING MARKETS: AN INSURANCE ARRANGEMENT. It is available through @WileyEconomics here: onlinelibrary.wiley.com/doi/…
Short summary of the paper
xitter.cf/IERJournal/status/1758…