Koray, F., Arin, K., and Spagnolo, N. (2015). Fiscal Multipliers in Good Times and
                                 Bad Times. Journal of Macroeconomics, 44, 303-311.
                              
                              Koray, F., Arin, P., Berlemann, M., and Kuhlenkasper, T. (2013). Non-Linear Growth
                                 Effects of Taxation: A Semi-Parametric Approach Using Average Marginal Tax Rates.
                                 Journal of Applied Econometrics, 28(5), 883-899.
                              
                              Koray, F. and McMillin, W. Douglas (1999). Monetary Shocks, the Exchange Rate, and
                                 the Trade Balance. Journal of International Money and Finance, , 925-940.
                              
                              Koray, F. (1993). Inflation Variability and the Turkish Economy. Applied Economics,
                                 , 787-793.
                              
                              Koray, F. and Lastrapes, W. D (1990). International Transmission of Aggregate Shocks
                                 under Fixed and Flexible Exchange Rate Regimes: A VAR Analysis. Journal of International
                                 Money and Finance, , 402-423.
                              
                              Koray, F. and Lastrapes, W. D (1989). Real Exchange Rate Volatility and Bilateral
                                 Trade under Alternative Exchange Rate Regimes: A VAR Analysis. Review of Economics
                                 and Statistics, , 708-712.
                              
                              Koray, F. (1989). Money and Functional Distribution of Income. Journal of Money, Credit,
                                 and Banking, , 33-48.
                              
                              Koray, F. and Chan, P. (1988). Fiscal Policy and Stabilization of Exchange Rates under
                                 Alternative Criteria. Canadian Journal of Economics, , 97-114.
                              
                              Koray, F. (1987). Government Debt, Economic Activity and Transmission of Economic
                                 Disturbances. Journal of Money, Credit, and Banking, , 361-375.
                               
                           
                              
                              Teaching Interests: Macroeconomics, International Finance
                              
                              Research Interests: International Finance, Monetary and Fiscal Policy
                               
                           
                              
                              Central Bank of the Republic of Turkey, Advisor, (January 2, 1989 - August 1, 1989)
 
                               
                           
                              
                              Koray, F. and McMillin, W. Douglas (2018, May). Fiscal Policy, the Current Account,
                                 and the Exchange Rate. Presented at 36th International Conference of Business Economics,
                                 Management, Information Technology and Social Science sponsored by , Istanbul.