Theory and Empirics of Asymmetry

Start Date and End Date

01 March 2017
28 February 2022

Turkish Partner(s)

Bilkent University


Assoc. Dr. Refet GÜRKAYNAK


1,3 Milyon Euros


Horizon2020 ERC

Project Web Page

Scientific Outputs

The aim of the TEA project is to understand the asymmetry in the financial markets and to develop appropriate economic policies accordingly. With our current economics theories and empirical methods, it is not possible to understand asymmetrical market policies which behave differently during periods of expansion vs stagnation or in response to good news vs bad news. As a result of this research, the aim is to learn how asymmetry manifests in the world we live in and how better economic policies can be made depending on this understanding.

Tackling ‘grand’ or societal challenges

Industrial Innovation (including innovation in services as well as products and processes)

Research-influenced changes in policy, agenda-setting

The provision of Improved Public Goods

The improved exercise of professional skill

The entire team working on this project is able to organize international conferences about the project and this facilitates the participation of the team in the international research networks. As a result, throughout this project the research outputs will be disseminated, a significant contribution to the economy policy will be given, research methods will be developed and young researchers will gain expertise in the international research arena.

Human capital development

Two faculty members, a postdoctoral researcher and three doctoral students are employed within the scope of this project