Welcome! I am an Assistant Professor of Economics at Villanova University. My research interests are mainly macroeconomics, international macroeconomics, monetary economics and financial economics. My research in international macroeconomics mostly focuses on sovereign debt crises at various angles, such as the role of income inequality in default risk, the relationship between labor markets and the default risk, and the link between banking and sovereign default crises. In addition, I have researched in various topics related to R&D investments of U.S. firms such as the cyclicality of R&D investments, R&D’s role in business cycles, the effects of the policies that promote innovation on R&D investments, and the joint effects of market power and R&D on the cyclicality of employment. I have also examined the sensitivity of firm borrowing spreads in the U.S. to changes in monetary policy stance.


Education

PhD in Economics, 2015

University of Pittsburgh

MA in Economics, 2009

Boston College

BS in Industrial Engineering, 2007

Bilkent University


Contact

e-mail: zeynep.yom@villanova.edu

address: Villanova University, Department of Economics, Villanova School of Business, 1007 Bartley Hall, 800 Lancaster Ave., Villanova, PA 19085

web: http://www.zeynepyom.com

GitHub: zeynepyom.github.io


Publications

R&D characteristics, innovation spillover and technology-driven business cycles

with Uluc Aysun (Accepted for publication in Journal of Industry, Competition and Trade)

Interest rates, R&D investment and the distortionary effects of R&D incentives

Aysun, Uluc, and Zeynep Kabukcuoglu. “Interest rates, R&D investment and the distortionary effects of R&D incentives.” European Economic Review 111 (2019): 191-210.

The cyclical behavior of R&D investment during the great recession

Kabukcuoglu, Zeynep. “The cyclical behavior of R&D investment during the Great Recession.” Empirical Economics 56.1 (2019): 301-323.

Income inequality and sovereign default

Jeon, Kiyoung, and Zeynep Kabukcuoglu. “Income inequality and sovereign default.” Journal of Economic Dynamics and Control 95 (2018): 211-232.

Is the credit channel alive? Firm-level evidence on the sensitivity of borrowing spreads to monetary policy

Aysun, Uluc, Kiyoung Jeon, and Zeynep Kabukcuoglu. “Is the credit channel alive? Firm-level evidence on the sensitivity of borrowing spreads to monetary policy.” Economic Modelling 75 (2018): 305-319.


Working Papers

Optimal bailouts in banking and sovereign crises

with Sewon Hur and Cesar Sosa-Padilla (submitted)

R&D, market power and the cyclicality of employment

with Uluc Aysun, Melanie Guldi and Adam Honig (submitted)


Works in Progress

Sovereign default risk with working capital in emerging markets

with Kiyoung Jeon

Financial constraints and exports evidence from Korea

with Kiyoung Jeon