Our Aim

Established in 2004 as a non-profit and non-partisan organization, Koç University - TÜSİAD Economic Research Forum is devoted to promoting independent and objective analysis on economic growth and discussing the implications of different economic policy options.


Koç University-TÜSİAD
Economic Research Forum
Rumelifeneri Yolu 34450 Sarıyer-Istanbul 
Phone: (0-212) 338 18 34
Fax: (0-212) 338 18 37
e-mail: eaf@ku.edu.tr 

Welcome to ERF


Conference Photographs  

ERF Research Reports

Labour Market Institutions, Policies, and Performance: Flexibility and Security in Turkey

by Anil Duman 


Tax Design in Turkey and Other Middle Income Countries: Lessons from the Mirrlees Review

by Laura Abramovsky, Paul Johnson, and David Phillips 

External Vulnerability and Crises: The Role of Capital Flows and Sudden Reversal - The Case of Turkey  

by Monika Blaszkiewicz - Schwartzman and Sumru Öz

New Books of Interest

Financial and Macroeconomic Connectedness: A Network Approach to Measurement and Monitoring

by Francis X. Diebold, Kamil Yılmaz 

Financial Crisis: Causes, Consequences, and Policy Response

by Stijn Claessens, Ayhan Kose, Luc Laeven, and Fabian Valencia

Dynamic Macroeconomic Analysis

by Sumru G. Altuğ



 All books...


ERF Conference - Inflation Dynamics in Turkey: Opportunities and Challenges 

Koç University-TÜSİAD Economic Research Forum (ERF) organized a conference titled “Inflation Dynamics in Turkey: Opportunities and Challenges” on April 10th, 2015, Friday at Martı Istanbul Hotel, Taksim-Istanbul.



ERF Activities in the Context of G20 

ERF takes part in T20 (Think-20), which organizes the analysis of global think tanks and high-level experts in order to provide analytical depth to ongoing G20 discussions and produce ideas to help the G20 on delivering concrete and sustainable policy measures. The activities of T20 can be reached through:

Think-20 outreach group during Turkey’s G20 Presidency in 2015

Think-20 outreach group during China’s G20 Presidency in 2016

SIIS-FES April 2015 Conference

Hong Kong and Beyond: What Awaits the Global Economy? by Sumru Altuğ


Call for Papers for the Conference on the Economics of Health, Education, and Worker Productivity 

The first Conference on the Economics of Health, Education and Worker Productivity, organized by Koc University-TÜSİAD Economic Research Forum (ERF) will be held in Istanbul, Turkey, on October 16-17, 2015. The conference will bring together researchers and policy analysts who are engaged in empirical microeconomic research on issues related to health, education, labor productivity, employment, social security, illegal behavior, and related topics in the context of Turkey, using Turkish data.

The guest editor is Naci Mocan from Louisiana State University and NBER. If you are interested in submitting a paper, please send a copy in pdf format to mocan@lsu.edu by April 13, 2015.

Call for Papers


Call for Papers

The Department of Economics of the University of Macedonia organizes the 1st International Conference in Applied Theory, Macro and Empirical Finance (AMEF), which will be held at the University of Macedonia, Thessaloniki, Greece on April 6-7, 2015. The aim is to bring together academics, young scholars, post-doctoral researchers and PhD students working on applied theory, macro and empirical finance. Selected papers will be included in a special issue of Economic Modelling. The registration fee is € 150 and includes coffee breaks, two lunches and meeting material.

Conference web page


ERF Conference: Policy Analysis in the Post Great Recession Era

Koç University-TÜSİAD Economic Research Forum (ERF), The Laboratory for Aggregate Economics and Finance (LAEF), and Central European University (CEU) organized a conference titled “Policy Analysis in the Post Great Recession Era” on October 16-17, 2014 at InterContinental İstanbul, Taksim.

The conference focused on policy choices in the aftermath of the Great Recession. It examined the issues both from the perspective of developed and emerging economies. From the viewpoint of developed economies, the conference discussed the implications of forward guidance in monetary policy as well as fiscal policy issues. The conference also injected a historical and institutionalist perspective in the policy discussion by examining the implications of cultural differences in the EU as well as the historical experience of financial crises. Finally, the conference provided empirical evidence regarding key policy choices facing emerging economies in terms of the effects of capital controls and the derivation of an index of financial conditions. 

Conference web page


ERF Conference: Labour Market Institutions, Policies, and Performance: Flexibility and Security in Turkey

Koç University-TÜSİAD Economic Research Forum (ERF) organized the launch of ERF Research Report titled “Labour Market Institutions, Policies, and Performance: Flexibility and Security in Turkey” on May 23, 2014, Friday at TÜSİAD Headquarters, Tepebaşı-Istanbul.  



ERF Research Report 

ERF Research Report No. 1401 by Anil Duman titled “Labour Market Institutions, Policies, and Performance: Flexibility and Security in Turkey” is published on our website.


ERF Monthly Report

Real activity and GDP growth in the US are among the most watched indicators in global markets. The state of the US economy has ramifications for the conduct of monetary policy and financial markets in both developed and emerging economies. In a new initiative, the KU-TUSIAD ERF will provide regular probability assessments of the future state of the US economy based on a model of heterogeneous regime shifts developed by Cem Çakmaklı, Richard Paap, and Dick Van Dijk in a 2013 Journal of Economic Dynamics and Control article titled “Measuring and predicting heterogeneous recessions”. 

US Recession Probabilities Report (August 2014) 

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New Working Papers

"Stochastic Spanning": Stelios Arvanitis, Mark Hallam, and Thierry Post, Working Paper No. 1505

"The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses": John Baffes, M. Ayhan Kose, Franziska Ohnsorge, and Marc Stocker, Working Paper No. 1504

"The State of Property Development in Turkey: Facts and Comparisons": Seda Demiralp, Selva Demiralp, and İnci Gümüş, Working Paper No. 1503

"Determinants of Transitions across Formal/Informal Sectors in Egypt": Aysit Tansel and Zeynel Abidin Ozdemir, Working Paper No. 1502

"Resale in Second-Price Auctions with Costly Participation": Gorkem Celik and Okan Yilankaya, Working Paper No. 1501

See all...

Latest Update ( 04.21.2015 )