Three papers authored by Professor Şebnem Kalemli-Ozcan have been cited in the 2025 Economic Report of the President, highlighting her influential contributions to economic research and policy discussions.
The full report is available on the White House website.
Professor Kalemli-Ozcan's research on pandemic-inflation is cited in Chapter 1. Her work, co-authored with di Giovanni, Silva, and Yıldirim, is referenced alongside studies by Bernanke and Blanchard. The paper highlights how robust demand coinciding with significant negative supply shocks contributed to price increases.
Professor Kalemli-Ozcan was the first to make this point, originally presenting it during her talk at the 2022 ECB-Sintra meetings
- Read the full paper on pandemic inflation and supply shocks.
- Watch Professor Kalemli-Ozcan’s presentation at the 2022 ECB-Sintra meetings.
Two of her papers on foreign direct investment (FDI), firm productivity, and growth are cited in Chapter 6. These studies demonstrate how FDI fosters technological advancements, productivity improvements, and knowledge transfers to host countries. One of these papers, already published, has received over 4,500 citations, highlighting its significant impact on the field of economics.
Congratulations to Professor Kalemli-Ozcan for this recognition of her work and its influence on shaping economic policy at the highest level.