Ayhan Kose

Dean's Fellow

Areas of Expertise

International Macroeconomics and Finance

Education: B.S., Industrial Engineering, Bilkent University; Ph.D., Economics, Tippie College of Business, University of Iowa

Ayhan Kose is director of the World Bank Group’s Prospects Group. In this capacity, he leads the World Bank Group’s work on global macroeconomic outlook, financial flows and commodity markets. Under his management, the Prospects Group produces the bank’s corporate flagship report, Global Economic Prospects, in addition to other monitoring and analytical publications. Prior to joining the World Bank in 2014, he was assistant to the director of the Research Department and deputy chief of the Multilateral Surveillance Division in the International Monetary Fund.

Kose has written extensively on international macroeconomics and finance. Many of his articles have been published in leading academic journals, such as the American Economic Review, International Economic Review, Journal of International Economics, Journal of Development Economics, Review of Economic Dynamics and Economic Policy. He has also written articles for a number of policy-oriented publications, including the IMF’s World Economic Outlook, Finance & Development and Foreign Policy. His research has been featured in prominent media outlets, such as The Economist, The New York Times, Financial Times, The Wall Street Journal, Reuters and Bloomberg. He is on the editorial boards of several academic journals, and was the founding co-editor of the IMF Economic Review and editor of the IMF Research Bulletin.

Kose's latest book, Inflation in Emerging and Developing Economies (co-edited, 2019), examines the remarkable decline in inflation over the past half century and its underlying drivers. His previous book, Collapse and Revival: Understanding Global Recessions and Recoveries (co-authored, 2015), tracks the global business cycle through the destruction of a global recession to the renewal of recovery, drawing on four major episodes in the past half century. His earlier books include Financial Crises: Causes, Consequences, and Policy Responses (co-edited; 2014) and Emerging Markets: Resilience and Growth Amid Global Turmoil (co-authored; 2010). 

Kose is a nonresident senior fellow at the Brookings Institution, a research fellow at the Center for Economic Policy Research and a research associate at the Center for Applied Macroeconomics. He taught at the University of Chicago’s Booth School of Business and INSEAD, and was formerly assistant professor at Brandeis International Business School. He has a Ph.D. in economics from the Tippie College of Business of the University of Iowa and a B.S. in industrial engineering from Bilkent University. A native of Turkey, Kose was born and raised in Istanbul.