Asfuroğlu, Dila
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Asfuroglu, Dila
Asfuroğlu, Dila
Asfuroğlu, Dila
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Email Address
asfuroglud@mef.edu.tr
Main Affiliation
04.01. Department of Economics
Status
Current Staff
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ORCID ID
Scopus Author ID
Turkish CoHE Profile ID
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WoS Researcher ID
Sustainable Development Goals
1NO POVERTY
1
Research Products
2ZERO HUNGER
0
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3GOOD HEALTH AND WELL-BEING
0
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4QUALITY EDUCATION
0
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5GENDER EQUALITY
0
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6CLEAN WATER AND SANITATION
0
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7AFFORDABLE AND CLEAN ENERGY
0
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8DECENT WORK AND ECONOMIC GROWTH
0
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9INDUSTRY, INNOVATION AND INFRASTRUCTURE
0
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10REDUCED INEQUALITIES
1
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11SUSTAINABLE CITIES AND COMMUNITIES
1
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12RESPONSIBLE CONSUMPTION AND PRODUCTION
1
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13CLIMATE ACTION
1
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14LIFE BELOW WATER
0
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15LIFE ON LAND
0
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16PEACE, JUSTICE AND STRONG INSTITUTIONS
0
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17PARTNERSHIPS FOR THE GOALS
0
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Documents
4
Citations
12
h-index
2
Documents
4
Citations
11
Scholarly Output
6
Articles
6
Views / Downloads
1317/3218
Supervised MSc Theses
0
Supervised PhD Theses
0
WoS Citation Count
1
Scopus Citation Count
0
Patents
0
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0
WoS Citations per Publication
0.17
Scopus Citations per Publication
0.00
Open Access Source
5
Supervised Theses
0
| Journal | Count |
|---|---|
| Ekonomik ve Sosyal Araştırmalar Dergisi | 2 |
| Current Research in Social Sciences | 1 |
| Istanbul Journal of Economics / İstanbul İktisat Dergisi | 1 |
| Journal of Financial Politic & Economic Reviews | 1 |
| Sage Open | 1 |
Current Page: 1 / 1
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6 results
Scholarly Output Search Results
Now showing 1 - 6 of 6
Article Are inflation expectations irrational in Turkey? Exchange rate pass-through analysis(Journal of Financial Politic & Economic Reviews, 2023) Asfuroglu, Dila; Ertuğrul, Ayşe; Güneş, Gökhan ŞahinAre inflation expectations irrational in Turkey? Exchange rate pass-through analysisThis study investigates the rationality of inflation expectations in Turkey over 2011-2019 via exchange rate pass-through (ERPT) analysis. Relying on the assumption that the inflation rate and inflation expectations are going to change equally if the economic agents form rational expectations, we utilize the vector autoregression model with inflation expectations to quantify the ERPT to inflation and to inflation expectations. The results show that exchange rate shocks do not have the same impact on the inflation rate and inflation expectations over different horizons. In the short term, the inflation rate rises faster than the inflation expectations following unexpected exchange rate swings; however, they move in tandem after six months. With the time-varying analysis, we trace the evolution of the ERPT coefficients to characterize the nature of agents’ expectations. The findings document that the discrepancy between ERPT coefficients is persistent, inclining to chronic irrationality of expectations, with decaying degrees in the longer horizon, rendering adaptive formation of expectations over time.Article Surprise by Anticipated Inflation(Sage Publications inc, 2024) Asfuroğlu, DilaThis paper proposes a theoretical model with two types of households to explore the distributional effects of inflation, assess the non-neutrality of money; and in return, to provide a guideline for policymakers in setting inflation rate. An impatient borrower who faces a borrowing constraint holds a positive amount of debt in equilibrium while a patient lender engages in consumption smoothing. Hence, inflation affects net worth of borrowers via nominal debt by redistributing resources away from lender, rendering welfare gains for the borrower and losses for the lender; and the structure of borrowing constraint gives rise to non-neutrality of anticipated inflation. The utilitarian welfare gain from generating inflation in a cashless economy is amplified when heterogeneous productivity levels are assumed. Yet, incorporating money demand in the form of money-in-utility model suggests that an inflation tax as an additional distortion reverses the overall positive effect of generating inflation in the cashless economy.JEL Classifications: E31, E37, E41, E52, D63. This paper proposes a theoretical model with two types of households to explore the distributional effects of inflation, assess the non-neutrality of money; and in return, to provide a guideline for policy planners in setting inflation rate. Anticipated inflation is shown to affect the net worth of borrowers via nominal debt by redistributing resources away from lender, rendering welfare gains for the borrower and losses for the lender; and the structure of borrowing constraint gives rise to non-neutrality of anticipated inflation. The utilitarian welfare gain from generating inflation in this setting is depicted to rise when heterogeneous productivity levels are assumed. Yet, incorporating money demand into this theoretical environment suggests that an inflation tax as an additional distortion reverses the overall positive effect of generating inflation. The decision by central banks toward using the inflation rate as an instrument to improve utilitarian welfare relies on the presence of money demand motive, the pro-lender/borrower bias, the relationship between intertemporal elasticity of substitutions and the heterogeneous productivity levels among agents. Furthermore, the contribution of this study is that it illustrates the non-neutral effects of the anticipated inflation in a theoretical model as opposed to the unanticipated inflation in the previous literature; and this non-neutrality of inflation is indicated even in the absence of heterogeneity among households contrary to the existing literature.Article Türkiye'nin Döngüsel Ekonomiye Geçiş Performansı Üzerine Karşılaştırmalı Bir Analiz(2024) Asfuroğlu, DilaÇalışma, Türkiye’nin döngüsel ekonomiye geçiş performansını, seçili gelişmiş ve gelişmekte olan ülkelerle karşılaştırma yaparak ortaya koymayı amaçlamaktadır. Nicel analiz, Eurostat ve OECD.Stat veri bankalarının döngüsel ekonomiyi ölçmek için belirlediği göstergeler ışığında, verilerin var olduğu 2000-2022 yılları arasında, gelişmiş ülkelerden Almanya, İsveç ve İngiltere; gelişmekte olan ülkelerden Macaristan, Bulgaristan, Arnavutluk ve Sırbistan örnekleriyle yapılmıştır. Sonuçlara göre Türkiye, kaynak verimliliğini yıllar içinde artmış olup en etkili artış, 2017 yılından itibaren gözlemlenmiştir. Yurtiçi malzeme tüketiminin ve malzeme ayak izinin düşük seyretmesi talep ve tüketimin genel anlamda düşük olmasına işaret etmektedir. Kişi başına kentsel atık düşerken kişi başı toplam atığının artması, Türkiye’nin hane bazında atık üretiminin düşük, ancak kişi bazında yüksek olduğunu göstermektedir. Atıkların işlenmesinde en çok başvurulan yol uzun yıllar imha iken 2016 yılından itibaren geri kazanım hız kazanmıştır. Son beş yıla dair verinin bulunduğu kentsel atığın geri dönüşüm oranının artması olumlu bir gelişmedir. İthalat bağımlılığı, gelişmiş ülkelere göre düşük seviyelerde olmasına rağmen yıllar içinde düşmeyip artmıştır. Son yıllarda, tüm hammaddelerin bağımlılığında düşüş yaşanırken metal cevherler ve fosil enerjideki bağımlılık çok yüksek seyretmiştir. Son olarak, sera gazı emisyonu yıllar içinde ciddi şekilde artarak döngüsel ekonomiye geçişte Türkiye’nin en kötü performans göstergesi olmuştur. Yazında çoğunlukla Avrupa Birliği (AB) ülkeleri konu alınıp Türkiye ile alakalı çalışmalar daha çok teorik çerçeveyi oluşturmak üzerine olduğundan bu çalışma, yazındaki eksikliği gidermektedir. Ülke karşılaştırmaları vasıtasıyla, AB’ye aday ülke olan Türkiye’nin, AB’nin döngüsel ekonomi hedeflerinde, döngüsel ekonomi ve ilgili politikaları benimsemede ilerleme kaydedip kaydetmediğini gözler önüne sermekte ve politika yapıcılara, Türkiye’nin döngüsel ekonomi performansını geliştirebilmesi için önerilerde bulunmaktadır.Article Central Bank Digital Currency in an Emerging Market Economy: Case of the Central Bank of the Republic of Türkiye(2024) Asfuroğlu, DilaCentral banks have historically been using traditional channels for communication and physical money for transactions, fulfilling the needs of previous millennia, while the evolution of technology, electronic devices, and needs in transactions necessitate the use of modern communication channels, such as X (formerly known as Twitter), as well as modern payment systems, such as central bank digital currencies (CBDC). Hence, this paper aims to unfold where the Central Bank of the Republic of Türkiye (CBRT), as an example of emerging markets, stands in informing the public about CBDC. To this end, it conducts an event study on the official X account of CBRT in English over 10.2020-12.2022 by utilizing Nvivo. The findings of the quantitative analysis of the tweets show that CBRT does not regard X as a primary communication channel and mainly shares links to publications from the official websites in X. Also, CBRT tends to adopt a ‘cold-turkey’ informative approach about CBDC with the public rather than ‘gradualism’. Consequently, CBRT should rigorously design a communication strategy that fulfills the needs of the modern economy and start addressing CBDC to raise awareness if a quick transition to digital currency is targeted.Article Türkiye'nin Döngüsel Ekonomiye Geçiş Performansı Üzerine Karşılaştırmalı bir Analiz(2024) Asfuroglu, DilaThis study aims to demonstrate Turkey's performance on the transition to the circular economy by comparing it with selected developed and developing economies. The quantitative analysis is conducted with the data collected from Eurostat and the OECD.Stat over the period 2000– 2022, for the selected developed economies, namely, Germany, Sweden, and the United Kingdom, and the selected developing economies, namely, Hungary, Bulgaria, Albania, and Serbia. According to the results, Turkey's resource productivity has increased over the years, with the most effective increases observed since 2017. The relatively low domestic material consumption and material footprint indicate low demand and consumption overall. The increase in total waste per capita with a decrease in municipal waste per capita shows that Turkey's household waste generation is low, but waste generation per person is high. The most frequently used waste treatment has been disposal for ma ny years, yet recycling has accelerated since 2016. The increase in the recycling rate of municipal waste, according to the data that is available for the last five years, is a positive development. Import dependency has not decreased over the years, although it is at lower levels compared to developed countries. In recent years, dependency on all raw materials has been declining, while dependency on metal ores and fossil energy has been very high. Finally, greenhouse gas emissions have increased significantly over the years, making this indicator Turkey's worst for the transition to a circular economy. Since the existing literature has mostly covered European Union (EU) countries and the research on Turkey is generally about creating a theoretical framework, this study fills the gap in the literature. Through country comparisons, this paper also facilitates understanding how far Turkey, as a candidate country for EU membership, is from the EU's circular economy targets and whether or not Turkey has made progress in adopting circular economy and related policies, and provides policy recommendations to policymakers to improve Turkey's performance in the circular economy.Article Citation - WoS: 1Populism and Income Inequality: Is Income Inequality in Türkiye a Political Choice?(Istanbul Univ, 2024) Asfuroğlu, DilaThe argument that national inequalities are political and thereby driven by political decisions implies that income distribution is not merely an economic phenomenon but also a political one. Hence, this study explores the impact of populist governance on income inequality in T & uuml;rkiye. In doing so, this study addresses whether income inequality in T & uuml;rkiye is a political choice, drawing on economic, social, and political data over the years 20082022. According to the results of the quantitative analysis, the share of income for the working class has fallen, the income gap between the lowest and highest deciles of the working class has narrowed, and the potential for fiscal interventions to reduce income inequality is not realised. In return, the income inequality that existed in 2008 has persisted at the same magnitude over the years. In other words, even if income inequality is not an explicit political choice, the populist governance in T & uuml;rkiye between 2008 and 2022 has chosen not to contribute to the solution to this prevailing inequality.
