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Sinem Hacioglu Hoke

@shaciogluhoke.bsky.social
960 followers 478 following 11 posts

Economist at the Federal Reserve Board. Research affiliate at @cepr.org. Ex Bank of England. Views are my own. www.sinemhaciogluhoke.com

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Sinem Hacioglu Hoke @shaciogluhoke.bsky.social · 18/05/2026
A new paper is out! With @leofeler.com Paying more and Buying Less: 2025 Tariffs and US household Spending 1) Tariffs passed through 15-20% to retail prices, raising prices 1-2% on affected goods cepr.org/publications...
cepr.org
DP21471 Paying More and Buying Less: 2025 Tariffs and U.S. Household Spending
This paper estimates the effects of the 2025 U.S. tariffs on household spending using transaction-level data linked to tariff exposure and a tariff sentiment survey. Comparing high versus low tariff-e...
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Reposted by Sinem Hacioglu Hoke
FedResearch @fedresearch.federalreserve.gov · 06/03/2026
This #FEDSNote shows that price pressures developed gradually in 2025 rather than showing up as a one-time price spike and tariff effects have been greatest for goods imported from China with 8.5% year-over-year price increase by December 2025. www.federalreserve.gov/econres/note...
Figure 4. Price changes in 2025 by country of origin

This is a bar chart showing monthly 12-month percent changes in the country-specific Numerator Fisher Price Indices for January through December 2025. The y-axis shows percent values ranging from approximately -1 to 8.5 percent. The chart displays five variables: USA (blue bars), Canada (green bars), Mexico (yellow bars), China (purple bars), and Others (orange bars).

The data reveals a pattern of increasing price changes throughout the year, particularly for China and the Others category. In January and February, most countries show modest changes between -0.5 and 1 percent, with some negative values. From March through July, price changes generally remain below 2.5 percent across all countries. Starting in August, China's price changes accelerate significantly, reaching approximately 5.7 percent, then continue climbing to peak at about 8.3 percent in December. The Others category follows a similar but less dramatic upward trend, reaching about 5.3 percent by December. USA, Canada, and Mexico maintain more moderate price changes throughout the year, typically staying below 2.5 percent.

Note: 12-month percent changes in the country-specific Numerator Fisher Price Indices for January through December 2025. The key identifies bars in order from left to right. Source: Matched Numerator Panel Data and Label Insight Data, authors' calculations.
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Sinem Hacioglu Hoke @shaciogluhoke.bsky.social · 29/09/2025
Technology news shocks, which we identify using US patent applications, drive expansions just via sheer anticipation. Here is our new paper, now published at the Review of Economic Studies. www.restud.com/patents-news...
restud.com
Patents, News, and Business Cycles - The Review of Economic Studies
We exploit information in patent applications to construct an instrumental variable for the identification of technology news shocks that relaxes all the identifying assumptions traditionally used in ...
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Sinem Hacioglu Hoke @shaciogluhoke.bsky.social · 25/04/2025
Our new FEDS note is out! It summarizes the results of a household survey that aims to understand how changes in household incomes and spending between 2019 and 2024 shaped their economic sentiment. www.federalreserve.gov/econres/note...
federalreserve.gov
Tracking consumer sentiment versus how consumers are doing based on verified retail purchases
The Federal Reserve Board of Governors in Washington DC.
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Sinem Hacioglu Hoke @shaciogluhoke.bsky.social · 13/12/2024
After years of hard work, our new paper is out as a Bank of England working paper. Joint work with Daniel Ostry, Hélène Rey, Adrien Rousset Planat, Vania Stavrakeva and Jenny Tang. www.bankofengland.co.uk/working-pape...
bankofengland.co.uk
Topography of the FX derivatives market: a view from London
Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.
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Reposted by Sinem Hacioglu Hoke
Adam @adamshap.bsky.social · 15/11/2024
Got the ball rolling on a Fed Economists starter pack go.bsky.app/GudXeoo Fed economists, let me know if you’re on Bluesky and I’ll add you
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Reposted by Sinem Hacioglu Hoke
Christian Zimmermann @czimm-economist.bsky.social · 18/11/2024
You can now list your Bluesky account in your RePEc profile, like you already could for Mastodon and Twitter. Log in at the RePEc Author Service, click on "contacts", enter it and save. It will be listed on your profile at IDEAS after the next nightly refresh. authors.repec.org #econsky #RePEc
authors.repec.org
RePEc Author Service
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Sinem Hacioglu Hoke @shaciogluhoke.bsky.social · 17/11/2024
Who is driving consumer spending? It's middle- and high-income households. We released this FEDS note last month and are now working on releasing regular updates to the series we report in the note. Stay tuned for our updates and follow up work! www.federalreserve.gov/econres/note...
federalreserve.gov
A Better Way of Understanding the US Consumer: Decomposing Retail Spending by Household Income
The Federal Reserve Board of Governors in Washington DC.
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