He is a graduate of TED Ankara Koleji High School. He received his B.Sc. Degree in Electrical and Electronics Engineering from the Middle East Technical University in 1987 with high honors. He obtained his MBA (1989), MA in Economics (1990) and Ph.D. in Economics (1995) from Bilkent. In course of his graduate studies at Bilkent, he visited Johns Hopkins University Economics Department and received his second MA degree in Economics (1993) from Hopkins. Upon completion of his compulsory military service, in 1996 he joined Bilkent staff as an assistant professor. He taught at the University of York in 1999 spring and summer. His research interests are macroeconomic theory, monetary economics, financial economics and general equilibrium theory.