Publications

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Monetary Theory and Policy

1. Central Bank Independence and Time-Varying Monetary Policy Rules, with Rich Higgins (Colgate University), Southern Economic Journal, April 2025, Volume 91
2. Price level determinacy and monetary policy in a model with money and trend inflation, Macroeconomic Dynamics, December 2023, Volume 27, Issue 8, pp. 2165-2190 
3. A note on the Neo-Fisher Effect in the New-Keynesian Model, with Zahid Ali (LUMS), Macroeconomic Dynamics, October 2023, Volume 27, Issue 7, pp. 2012 - 2028
4. The Role of Money in Federal Reserve Policy, Macroeconomic Dynamics, December 2021, Volume 25, Issue 8, pp. 2037 - 2057
5. The cost-channel of monetary transmission under positive trend inflation, with Ghufran Ahmad (Cardiff University), Economics Letters, April 2021, Volume 201
6. Anticipated versus Unanticipated Productivity Shocks and Hours-Worked with Zahid Ali (LUMS), International Review of Economics & Finance, March 2021, Volume 2021, pp. 547 - 572
7. Time-Varying Money Demand and Real Balance Effects, with Jonathan Benchimol (Bank of Israel), Economic Modelling, 2019, Volume 87, pages 197 – 211

Public Economics and Fiscal Policy

1. Rethinking nonlinear fiscal multipliers in Asia: efficiency, infrastructure, and institutions with João Jalles (University of Lisbon); Donghyun Park (ADB), Applied Economic Letters, forthcoming
2. Public and Private Investment as Catalysts for Growth: An analysis of emerging markets and developing economies with a focus on Asia with João Jalles (University of Lisbon); Donghyun Park (ADB), Journal of International Money and Finance, Volume 148, October 2024
3. The long-term consequences of external debt: Revisiting the evidence and inspecting the mechanism using panel VARs, with Zara Liaqat (Wilfrid Laurier University), Journal of Macroeconomics, March 2020, Volume 63 103184 

Energy Economics

1. Revisiting the relationship between oil supply news shocks and U.S. economic activity: Role of the zero lower bound, with Naafey Sardar (St. Olaf College), Energy Economics, April 2024, Volume 132
2. The Macroeconomic Effects of Oil Price Uncertainty, with Abdul Abiad (ADB), Energy Economics, September 2023, Volume 125

International Macroeconomics

1. The performance of emerging markets during the Fed’s easing and tightening cycles: a cross-country resilience analysis with Joshua Aizenman (USC); Jamel Saadaoui (Strasbourg); Donghyun Park (ADB); Gazi Salah Uddin (Linkoping), Journal of International Money and Finance, Volume 148, October 2024; NBER Working Paper Series, 32303, https://www.nber.org/papers/w32303
2. Impact of US monetary policy uncertainty on Asian exchange rates, with Shu Tian, Donghyun Park, and Mai L. Villaruel (ADB), Economic Change and Restructuring, October 2020, Volume 55, pp. 73 - 82

Topics in Development Economics

1. Trends and determinants of innovation in Asia and the Pacific versus Latin America and the Caribbean, with Donghyun Park (ADB), Gustavo A. Crespi (IDB), Jose M. Benavente (University of Chile), Journal of Policy Modelling, November–December 2021, Volume 43, Issue 6 
2. Income inequality and macroeconomic stability, with Sonan Memon(PIDE), Review of Development Economics, May 2021, Volume 25, pp. 758 - 789

1. Fed Tightening and Capital Flow Reversals in Emerging Markets: What Do We Know? ADB policy briefs, February 2023
2. Impact of Monetary Policy Uncertainty on Asian Exchange Rates, ADB policy briefs, July 2019
3. Punjab Economic Report, 2017 (Punjab Economic Research Institution). Media Coverage: DAWN, The Express Tribune, The News
4. Pakistan@100, 2019 (The World Bank Group)
5. Identifying HR gaps in the public sector, 2018 (Punjab Economic Research Institution). Media Coverage: The News
6. Common Skills Programme, 2018 (Punjab Skills Development Fund)