{"id":16,"date":"2025-05-13T07:58:49","date_gmt":"2025-05-13T07:58:49","guid":{"rendered":"https:\/\/cansi.bilkent.edu.tr\/?page_id=16"},"modified":"2026-05-27T08:37:00","modified_gmt":"2026-05-27T08:37:00","slug":"16-2","status":"publish","type":"page","link":"https:\/\/cansi.bilkent.edu.tr\/","title":{"rendered":""},"content":{"rendered":"\n<div class=\"wp-block-group alignwide mac-academic-home is-layout-flow wp-block-group-is-layout-flow\">\n\t\n\t<div class=\"wp-block-columns alignwide mac-profile-layout is-layout-flex wp-container-core-columns-is-layout-89c98654 wp-block-columns-is-layout-flex\">\n\t\t\n\t\t<div class=\"wp-block-column mac-profile-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:31%\">\n\t\t\t\n\t\t\t<div class=\"wp-block-group mac-profile-card has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n\t\t\t\t\n\t\t\t\t<figure class=\"wp-block-image size-full mac-profile-photo\"><img decoding=\"async\" src=\"https:\/\/cansi.bilkent.edu.tr\/wp-content\/uploads\/2026\/08\/IMG_0288-scaled.jpg\" alt=\"Muhammet Ali Can\u015f\u0131\"\/><\/figure>\n\t\t\t\t\n\n\t\t\t\t\n\t\t\t\t<h1 class=\"wp-block-heading mac-profile-name\">Muhammet Ali Can\u015f\u0131<\/h1>\n\t\t\t\t\n\n\t\t\t\t\n\t\t\t\t<p class=\"mac-profile-role wp-block-paragraph\">Ph.D Student<\/p>\n\t\t\t\t\n\n\t\t\t\t\n\t\t\t\t<p class=\"mac-profile-institution wp-block-paragraph\"><a href=\"https:\/\/econ.bilkent.edu.tr\">Bilkent Economics<\/a><\/p>\n\t\t\t\t\n\n\t\t\t\t\n\t\t\t\t<div class=\"wp-block-buttons mac-profile-links is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-7b40230e wp-block-buttons-is-layout-flex\">\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"mailto:ali.cansi@bilkent.edu.tr\">Email<\/a><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/cansi.bilkent.edu.tr\/wp-content\/themes\/mac-academic-theme\/assets\/documents\/Muhammet-Ali-CANSI-CV.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">CV<\/a><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/x.com\/M_cansi\" target=\"_blank\" rel=\"noreferrer noopener\">X<\/a><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.linkedin.com\/in\/muhammetalicansi\" target=\"_blank\" rel=\"noreferrer noopener\">LinkedIn<\/a><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.instagram.com\/m.alicansi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a><\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\n\n\t\t\n\t\t<div class=\"wp-block-column mac-profile-content is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:69%\">\n\t\t\t\n\t\t\t<p class=\"wp-block-paragraph\">I am a Ph.D. student in Economics at Bilkent University. My work combines macroeconomic modelling, international finance, econometrics, and large-scale data analysis.<\/p>\n\t\t\t\n\n\t\t\t\n\t\t\t<ul class=\"mac-tag-list wp-block-list\"><li>Monetary Economics<\/li><li>Central Banking<\/li><li>Emerging Markets<\/li><li>International Spillovers<\/li><\/ul>\n\t\t\t\n\n\t\t\t\n\t\t\t<div class=\"wp-block-group mac-section is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\n\t\t\t\t<div class=\"wp-block-columns mac-split is-layout-flex wp-container-core-columns-is-layout-89c98654 wp-block-columns-is-layout-flex\">\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<h2 class=\"wp-block-heading mac-section-title\">Interests<\/h2>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t<ul class=\"mac-clean-list wp-block-list\"><li>Monetary economics<\/li><li>Central banking<\/li><li>Emerging markets<\/li><li>International spillovers<\/li><\/ul>\n\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t<h2 class=\"wp-block-heading mac-section-title\">Education<\/h2>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t<ul class=\"mac-clean-list wp-block-list\"><li><strong>Ph.D. in Economics<\/strong><br>Bilkent University<\/li><li><strong>M.A. in Economics<\/strong><br>Bilkent University, 2024<\/li><li><strong>B.A. in Economics<\/strong><br>Baskent University, 2022 \u00b7 Valedictorian<\/li><\/ul>\n\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\n\t\t\t\n\t\t\t<div id=\"research\" class=\"wp-block-group mac-section is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\n\t\t\t\t<h2 class=\"wp-block-heading mac-section-title\">Current research<\/h2>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"wp-block-group mac-entry is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\t\n\t\t\t\t\t<h3 class=\"wp-block-heading\">Spillovers from US monetary policy to emerging markets: A multi-country New Keynesian approach<\/h3>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<p class=\"mac-entry-meta wp-block-paragraph\">Ph.D. research \u00b7 Advisor: Hakan Kara<\/p>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<p class=\"wp-block-paragraph\">Developed a three-country New Keynesian model of direct and indirect US monetary-policy spillovers to emerging markets, incorporating financial frictions, capital controls, and trade integration.<\/p>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\n\t\t\t\n\t\t\t<div class=\"wp-block-group mac-section is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\n\t\t\t\t<h2 class=\"wp-block-heading mac-section-title\">Master's thesis<\/h2>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"wp-block-group mac-entry is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\t\n\t\t\t\t\t<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.proquest.com\/docview\/3168844779?pq-origsite=gscholar&amp;fromopenview=true&amp;sourcetype=Dissertations%20%26%20Theses\" target=\"_blank\" rel=\"noreferrer noopener\">Spillovers from US monetary policy to emerging markets: The role of fundamentals<\/a><\/h3>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<p class=\"mac-entry-meta wp-block-paragraph\">Bilkent University, 2024 \u00b7 Advisor: Hakan Kara<\/p>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<p class=\"wp-block-paragraph\">Examines the effects of changes in US interest rates on emerging-market bond yields, currencies, and macroeconomic fundamentals using hierarchical linear modelling.<\/p>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\n\t\t\t\n\t\t\t<div class=\"wp-block-group mac-section is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\n\t\t\t\t<h2 class=\"wp-block-heading mac-section-title\">Research experience<\/h2>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"wp-block-group mac-entry-list is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-group mac-entry is-layout-flow wp-block-group-is-layout-flow\"><h3 class=\"wp-block-heading\">Central Bank Losses as Private Sector Insurance<\/h3><p class=\"mac-entry-meta wp-block-paragraph\">Research Assistant to Oreste Tristani, Refet S. G\u00fcrkaynak, and Bur\u00e7in K\u0131sac\u0131ko\u011flu \u00b7 2026-present<\/p><p class=\"wp-block-paragraph\">Event-study analysis of ECB quantitative-easing surprises, yield curves, and systemic risk using a policy\/information decomposition.<\/p><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-group mac-entry is-layout-flow wp-block-group-is-layout-flow\"><h3 class=\"wp-block-heading\">U.S. Monetary Policy Identification and Financial-Market Transmission<\/h3><p class=\"mac-entry-meta wp-block-paragraph\">Research Assistant to Jonathan H. Wright, Refet S. G\u00fcrkaynak, and Eric T. Swanson \u00b7 2026-present<\/p><p class=\"wp-block-paragraph\">Replicable FOMC event studies and proxy-SVAR analysis across interest rates, Treasury yields, equities, and exchange rates.<\/p><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-group mac-entry is-layout-flow wp-block-group-is-layout-flow\"><h3 class=\"wp-block-heading\">Fed Speech Analysis<\/h3><p class=\"mac-entry-meta wp-block-paragraph\">Research Assistant to Hakan Kara, \u00d6zer Karagedikli, and Ken Kuttner \u00b7 2024-present<\/p><p class=\"wp-block-paragraph\">Merged Bloomberg forecast data, Federal Reserve speech records, and economic surprises to study how speeches affect forecast revisions.<\/p><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-group mac-entry is-layout-flow wp-block-group-is-layout-flow\"><h3 class=\"wp-block-heading\">Trade &amp; Sanctions<\/h3><p class=\"mac-entry-meta wp-block-paragraph\">Research Assistant to Selman Erol \u00b7 T\u00dcB\u0130TAK-funded \u00b7 2025<\/p><p class=\"wp-block-paragraph\">Analyzed post-sanction rerouting in Russian trade using network models.<\/p><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-group mac-entry is-layout-flow wp-block-group-is-layout-flow\"><h3 class=\"wp-block-heading\">NYSE TAQ Data<\/h3><p class=\"mac-entry-meta wp-block-paragraph\">Research Assistant to Taner Yi\u011fit \u00b7 2024<\/p><p class=\"wp-block-paragraph\">Collected, cleaned, and frequency-converted high-frequency trade and quote data, and automated the processing pipeline in Python.<\/p><\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\n\t\t\t\n\t\t\t<div id=\"teaching\" class=\"wp-block-group mac-section is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\n\t\t\t\t<h2 class=\"wp-block-heading mac-section-title\">Teaching<\/h2>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t<div class=\"wp-block-columns mac-split is-layout-flex wp-container-core-columns-is-layout-89c98654 wp-block-columns-is-layout-flex\">\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><ul class=\"mac-clean-list wp-block-list\"><li><strong>ECON 102<\/strong><br>Introduction to Economics II \u00b7 Head TA \u00b7 2022, 2023, 2024<\/li><li><strong>ECON 108<\/strong><br>Principles of Macroeconomics \u00b7 2024<\/li><li><strong>ECON 322<\/strong><br>Monetary Economics \u00b7 2025, 2026<\/li><li><strong>ECON 409<\/strong><br>Contemporary Issues in Turkish Economy \u00b7 2025<\/li><\/ul><\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><ul class=\"mac-clean-list wp-block-list\"><li><strong>ECON 426<\/strong><br>Applied Econometrics \u00b7 2023, 2025<\/li><li><strong>ECON 455<\/strong><br>Institutions and Development \u00b7 2024<\/li><li><strong>Teaching Assistant of the Year<\/strong><br>Department of Economics, 2023<\/li><\/ul><\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\n\t\t\t\n\t\t\t<div id=\"contact\" class=\"wp-block-group mac-section is-layout-flow wp-block-group-is-layout-flow\">\n\t\t\t\t\n\t\t\t\t<div class=\"wp-block-group mac-contact-card has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n\t\t\t\t\t\n\t\t\t\t\t<h2 class=\"wp-block-heading mac-section-title\">Contact<\/h2>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<p class=\"wp-block-paragraph\"><strong>Email:<\/strong> <a href=\"mailto:ali.cansi@bilkent.edu.tr\">ali.cansi@bilkent.edu.tr<\/a><br><strong>Office:<\/strong> A-115, Department of Economics<br><strong>Address:<\/strong> Bilkent University, 06800 Bilkent, Ankara, Turkey<br><strong>Phone:<\/strong> <a href=\"tel:+903122904273\">+90 312 290 4273<\/a><\/p>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\n\t<\/div>\n\t\n<\/div>\n\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-16","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cansi.bilkent.edu.tr\/index.php?rest_route=\/wp\/v2\/pages\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cansi.bilkent.edu.tr\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cansi.bilkent.edu.tr\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cansi.bilkent.edu.tr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cansi.bilkent.edu.tr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16"}],"version-history":[{"count":9,"href":"https:\/\/cansi.bilkent.edu.tr\/index.php?rest_route=\/wp\/v2\/pages\/16\/revisions"}],"predecessor-version":[{"id":78,"href":"https:\/\/cansi.bilkent.edu.tr\/index.php?rest_route=\/wp\/v2\/pages\/16\/revisions\/78"}],"wp:attachment":[{"href":"https:\/\/cansi.bilkent.edu.tr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}