I received my B.A. and M.A. degrees in Economics from the University of Pittsburgh in 1978 and 1980, respectively, and my Ph. D. in Economics from Carnegie-Mellon in 1985. I am currently Professor and Chair at the Department of Economics, American University of Beirut and a Research Fellow at the Centre for Economic Policy Research in London, UK. I was Professor of Economics at Koç University, Istanbul, Turkey between 2002-2018, and before that I held chaired Professor positions at the Universities of Durham and York in the UK between 1999–2002. At the University of Durham, I was also the Director of Research. I held a regular Assistant Professor appointment at the University of Minnesota between 1984-1994, where I was involved in graduate teaching, graduate supervision, and served on the Graduate Faculty in Scientific Computation at the Minnesota Supercomputer Institute between 1994-1995. I visited University of Wisconsin and Duke University during 1988-1989 and 1991-1992, and VPI and SU during 1994-1995. Prior to coming to the American University of Beirut, I have also held visiting appointments at Central European University, Budapest, Fall 2013, the City University of Hong Kong, Fall 2014, and as Mizuho Securities of Economics at the Graduate School of Management at Kyoto University, Fall 2016.
My research interests are in the areas of dynamic macroeconomic analysis, business cycles, and structural econometrics. I began my career by trying to formulate and test the econometric implications of a Real Business Cycle driven by a single technology shock, and I have continued my research on the econometric analysis of intertemporal models of consumption and labor under complete markets as well as a variety of theoretical and empirical models of investment, business cycles, and growth. I have published papers at top and field Economics journals and I have co-authored or co-edited five texts in macroeconomics and finance, including Dynamic Macroeconomic Analysis: Theory and Policy in General Equilibrium and Asset Pricing for Dynamic Economies issued from Cambridge University Press in 2003 and 2008. I was Associate Editor at the Economic Journal between 2000-2003 and served as a member of the Politics, Economics and Geography (PEG) Research College at the Economic and Research Council (ESRC) in the UK during 2000-2002. In 2016, I was awarded the university-wide Outstanding Faculty Award at Koç University and in 2017, the Science Award in Social Sciences by the Technological and Research Council of Turkey (TUBITAK). My latest research covers topics such as the role of ambiguity and ambiguity aversion on business cycles and studying methods for forecasting inflation and developing coincident and leading financial indicators for emerging economies.