Merih Uctum
Professor
Economics
Location: 216 Whitehead Hall
Phone: 718.951.5000 x2644
Fax: 718.951.4384
Email:
Merih Uctum's Web site
Merih Uctum is professor of economics. Uctum has taught courses at the undergraduate level on global economies, macroeconomics, money and banking, and at the doctoral level on international macroeconomics and finance, macroeconomics and econometrics. She is a dissertation adviser at the Ph.D. level. Her research focuses on fiscal solvency, sustainability of foreign debt and intertemporal solvency; international portfolio flows and foreign direct investment; financial crises; exchange rates and choice of currency regimes; and corporate profits. Prior to joining Brooklyn College, she served as research economist at the International Division of the Federal Reserve Bank of New York.
Education:
Ph.D., Queen's University (Canada) - 1989 (Economics)
M.A., McMaster University (Canada) - 1981 (Economics)
Diploma, Essex University (United Kingdom) - 1980 (Economics)
Areas of Expertise:
Global economies and markets, their interconnections, empirical analyses of problems and issues related to this context, international indebtedness of countries and governments, financial development, capital flows.
Books and Publications
Doytch, Nadia and Uctum, Merih "Spillovers from Services FDI and Economic Growth in Asia: New Evidence from Sector-Level Flows", Journal of Asian Economics. (Books and Publications: Article (Peer-reviewed)) 2019
PSC-CUNY grant for "Optimal currency areas and the Eurozone experience" (Grants and Fellowships) 2016
"The FDI shift to services in Asia : new evidence from industry-level FDI flows", presented at the RCEF 2018, Rimini Conference on Economics and Finance, Italy (Conferences, Seminars and Symposiums: Conference Presentation) 2018
Member of the Board of Economic Advisors to the NY State Assembly Ways and Means Committee: Economic Report for 2018-2019 (Professional Leadership: Public Service) 2018
Co-organizer for the Conference ""Perspectives on the 2007-2008 financial crisis" with participants Jeffrey Sachs (Professor, Columbia University and Senior UN Advisor), Paul Krugman (Distinguished Professor, Graduate Center CUNY and NYT columnist), Patricia Mosser (former Head of Research, US Treasury Department, Director, SIPA, Columbia University), Richard Fisher (Former President of the Federal Reserve Bank of Dallas, senior Advisor to Barclays), Daniel Alpert (Founding Managing Partner at Westwood Capital), Neil Barofsky (former TARP Inspector General), Jesse Eisinger (Senior Reporter at ProPublica), Rana Foroohar (Financial Times), Andrew Sorkin (financial columnist, New York Times). 2018
Uctum, Merih and Xie, Zhuo "The Turkish Currency and Debt Crises", Economic Studies Group, Oct.
http://esg.gc.cuny.edu/2018/09/22/the-turkish-currency-and-debt-crises (Books and Publications: Article (Other)) 2018
Uctum, Merih "Which US administration is fiscally responsible?", Economic Studies Group, July.
http://esg.gc.cuny.edu/2017/07/31/which-u-s-administration-was-fiscally-responsible (Books and Publications: Article (Other)) 2017
Doytch, N. and Uctum, M., "Globalization and the environmental spillovers of sectoral foreign direct investment", Economic Systems 40(4), 582-94. (Books and Publications: Article (Peer-reviewed)) 2016
Uctum, Merih "A primer on Brexit", Economic Studies Group, Dec. (Books and Publications: Article (Other)) 2016
Doytch, Nadia and Merih Uctum. "Foreign Direct Investment and the Environment: FDI Halo vs Pollution Haven." International Development Research Society Newsletter 1. (Books and Publications: Article (Other)) 2012
Doytch, Nadia and Merih Uctum. "Sectoral Growth Effects of Cross-border Mergers and Acquisitions?" Eastern Economic Journal. (Books and Publications: Forthcoming Publications) 2011
Uctum, Merih and Nadia Doytch. "Does the Worldwide Shift of FDI From Manufacturing to Services Accelerate Economic Growth? A GMM estimation study." Journal of International Money and Finance. (Books and Publications: Forthcoming Publications) 2011
Uctum, Merih and Remzi Uctum. "Crises, Portfolio Flows and Foreign Direct Investment: An Application to Turkey." Economic Systems. (Books and Publications: Article (Peer-reviewed)) 2011
Uctum, Merih and Isamu Kato. "Choice of Exchange Rate Regime and Currency Zones?" The Review of International Economics and Finance. (Books and Publications: Article (Peer-reviewed)) 2008
Uctum, Merih, George Chortareas and George Kapetanios. "A Nonlinear Approach to Public Debt Stationarity in Latin American Countries?" Oxford Bulletin of Economics and Statistics 6.10: 645-63. Queen Mary University of London WP#486. (Books and Publications: Article (Peer-reviewed)) 2008
"Are Southern-poor Countries' Governments More Profligate Than Their Northern-rich Counterparts' Fiscal Criteria and Impulse Responses?" The World Economy 29.3: 325-40. (Books and Publications: Article (Peer-reviewed)) 2006
Uctum, Merih, Thom Thurston and Remzi Uctum. "Public Debt, the Unit Root Hypothesis and Structural Breaks: A Multi-country Analysis." Economica 73.289: 129-56. (Books and Publications: Article (Peer-reviewed)) 2006
Uctum, Merih and I. Kato. "Political Risk in the Choice of Exchange Rate Regimes." Nonlinear Tools for Analyzing and Forecasting Financial Time Series. Ed. R.S. Uh. New York: Nova Science Publishers. (Books and Publications: Book Chapter) 2005
Uctum, Merih, Chortares George and Kapetanios George. "An Investigation of Current Account Solvency in Latin America Using Nonlinear Tests." Studies in Nonlinear Dynamics and Econometrics 8.1. http://www.bepress.com/snde/vol8/
"Pricing-to-Market: The Japanese Experience With a Falling Yen and the Asian Crisis." The Review of International Economics 11.2: 360-78. (Books and Publications: Article (Peer-reviewed)) 2003
Uctum, Merih and Mike Wickens. "Debt and Deficit Ceilings and Sustainability of Fiscal Deficits: An Intertemporal Analysis." Oxford Bulletin of Economics and Statistics 62.2. (Books and Publications: Article (Peer-reviewed)) 2000
"European Integration and Asymmetry in the European Monetary System." Journal of International Money and Finance 18.5: 769-98. (Books and Publications: Article (Peer-reviewed)) 1999
Uctum, Merih and Sandra Viana. "Secular Decline in the U.S. Profit Rate: A Sectoral Analysis." Applied Economics 31: 1641-52. (Books and Publications: Article (Peer-reviewed)) 1999
"Why Have Corporate Profits Declined? An International Comparison." The Review of International Economics 6.2: 234-51. (Books and Publications: Article (Peer-reviewed)) 1998
Uctum, Merih and Pierre Deusy-Fournier. "The Dollar and the Euro: Is There Room for European Monetary Primacy?" L'Actualite Economique 74.4. (Books and Publications: Article (Peer-reviewed)) 1998
Uctum, Merih and Michel Aglietta. "Europe and the Maastricht Challenge." The World Economy 19.6. (Books and Publications: Article (Peer-reviewed)) 1996
Uctum, Merih and Michel Aglietta. "Fiscal Consolidation in Europe." Economie Internationale 1.65. (Books and Publications: Article (Peer-reviewed)) 1996
Uctum, Merih and Michael Wickens. "The Sustainability of Current Account Deficits: A Test of the U.S. Intertemporal Budget Constraint." Journal of Economic Dynamics and Control 17.3: 423-41. (Books and Publications: Article (Peer-reviewed)) 1993
Uctum, Merih and Yaman Asikoglu. "A Critical Evaluation of Exchange Rate Policy in Turkey." World Development 20.10: 1501-14. (Books and Publications: Article (Peer-reviewed)) 1992
"Foreign Interest Rate Disturbance, Financial Flows and Physical Capital Accumulation in a Small Open Economy." Scandinavian Journal of Economics 93.3: 377-90. (Books and Publications: Article (Peer-reviewed)) 1991
"The Effects of Capital Account Liberalization: The Case of Turkey." Liberalization and the Turkish Economy. Eds. T. Nas, and M. Odekon. Associated University Press. (Books and Publications: Book Chapter) 1991
Uctum, Merih and Yaman Asikoglu. "Strategic Aspects of Exchange Rate Policy in a Developing Country." Economics Letters 33: 153-57. (Books and Publications: Article (Peer-reviewed)) 1990
Uctum, Merih and Michael Wickens. "Exchange Rate Determination, the Stock Market and Investment Finance." Exchange Rates and Open Economy Macroeconomics. Eds. R. MacDonald and M.P. Taylor. Basil Blackwell. (Books and Publications: Book Chapter) 1989
Awards, Honors and Fellowships
PSC-CUNY Grant, for "Exchange Rates, Net Positions and Structural Changes." (Grants and Fellowships) 2013
PSC-CUNY Grant, for "Globalization and the Environmental Spillovers of Foreign Direct Investment." (Grants and Fellowships) 2011
PSC-CUNY Grant, for "Why Some Get More: A Multi-country Analysis of FDI and Portfolio Flows." (Grants and Fellowships) 2004
Tow Faculty Travel Fellowship, for "Capital Flows to Developing Economies: The Role of Country Risk in Determining Short-term Debt Flows versus Foreign Direct Investment." (Grants and Fellowships) 2003
PSC-CUNY Grant, for "Feedback Effects and Intertemporal Budget Constraints: Developing vs. Developed Economies." (Grants and Fellowships) 2000
Conferences, Seminars and Symposiums
"The Eurozone convergence through crises and structural changes", presented at the RCEF 2017, Rimini Conference on Economics and Finance, Italy (Conferences, Seminars and Symposiums: Conference Presentation) 2017
Professional Leadership
Member of the Board of Economic Advisors to the NY State Assembly Ways and Means Committee: Economic Report for 2017-2018 (Professional Leadership: Public Service) 2017
Founding Director, Economic Studies Group (2016-present)
http://esg.gc.cuny.edu (Professional Leadership: Organizational Leadership Position) 2016
Member of the Board of Economic Advisors to the NY State Assembly Ways and Means Committee: Economic Report for 2016-2017 (Professional Leadership: Public Service) 2016
Member of the Board of Economic Advisors to the NY State Assembly Ways and Means Committee: Economic Report for 2015-2016 (Professional Leadership: Public Service) 2015
Member of the Board of Economic Advisors to the NY State Assembly Ways and Means Committee: Economic Report for 2014-2015 (Professional Leadership: Public Service) 2014
Chair, Executive Committee of Executive Officers, CUNY Graduate Center, 2011-present. (Professional Leadership: Committee Service) 2011
Member, Dean Search Committee. (Professional Leadership: Committee Service) 2010
Executive officer, Ph. D. Program in Economics, CUNYGraduate Center, 2009-present. (Professional Leadership: Organizational Leadership Position) 2009
Deputy executive officer, CUNY Graduate Center. (Professional Leadership: Organizational Leadership Position) 2007
Liaison of Economics Panel, University Research Grant CUNY, 2007-09. (Professional Leadership: Public Service) 2007
Deputy executive officer, CUNY Graduate Center. (Professional Leadership: Organizational Leadership Position) 2006
Economic Program representative to the Graduate Council, 2006-09. (Professional Leadership: Public Service) 2006
Director, Economics Program, 2002-09. (Professional Leadership: Organizational Leadership Position) 2002
Member, Executive Committee of Doctoral Faculty, CUNY Graduate School, 1998-2009. (Professional Leadership: Public Service) 1998
Other Professional Activities
Uctum, Merih and L. Wu. Co-organizers, "What Is the Role of Quantitative Finance After the Financial Crisis Roundtable Discussion. Participants: R. Engle (Nobel Laureate in Economics, NYU), P. Carr (Morgan Stanley and NYU), T. Adrian (Federal Reserve Bank of New York). Moderator: G. Whitney (Museum of Mathematics, New York). 2011
Organizer, Recession and Fiscal Crises: Government Responses in a Federal System Roundtable Discussion. Participants: R. Lowenstein (Independent Budget Office), F. Braconi (NYC Comptroller's Office), J. Parrot (Fiscal Policy Institute), T. Goodspeed (Hunter College). 2010
