Curriculum Vitae
Malik Shukayev
January 2016
Page 1
Malik Shukayev
Department of Economics
University of Alberta, 7-20 Tory Building
Edmonton, AB, Canada, T6G 2H4
Phone: 780-492-4405
Fax: 780-492-3300
E-mail: shukayev@ualberta.ca
Major Fields of Interest
Macroeconomics, Monetary economics
Positions
2016-present
2011-2015
2014-2015
2005-2011
2001-2005
1997-1999
Associate Professor, Department of Economics, University of Alberta
Principal Researcher, Bank of Canada, Ottawa, Ontario, Canada
Adjunct Professor, Department of Economics, University of Ottawa
Senior Analyst, Bank of Canada, Ottawa, Ontario, Canada.
TA Instructor, University of Minnesota, Minneapolis, Minnesota, USA
Senior Lecturer, KIMEP, Almaty, Kazakhstan
Degree
Ph. D.
M. A.
Diploma
Field
Economics
Economics
Engineering
Education
Institution
University of Minnesota
University of Colorado, Boulder
Kazakh National Technical University
Dissertation committee members
Prof. Michele Boldrin – main adviser
Prof. V.V. Chari
Year
2005
1997
1993
Prof. Timothy Kehoe
Prof. Ross Levine – external member
Publications
“Risk Premium Shocks and the Zero Bound on Nominal Interest Rates” with Robert Amano,
Journal of Money, Credit and Banking, vol. 44(8), pages 1475-1505, December 2012.
“Optimal Price-Level Drift under Commitment in the Canonical New Keynesian Model” Robert
Amano, Steven Ambler, and Malik Shukayev. Canadian Journal of Economics, v45(3), August
2012.
“A stochastic dynamic model of trade and growth: Convergence and diversification,” with Partha
Chatterjee, Journal of Economic Dynamics and Control, vol. 36(3), pages 416-432, March 2012
“Optimal Monetary Policy under Incomplete Markets and Aggregate Uncertainty: A Long-Run
Perspective,” with Oleksiy Kryvtsov and Alexander Ueberfeldt. Journal of Economic Dynamics
and Control, Elsevier, vol. 35(7), pages 1045-1060, July 2011.
Curriculum Vitae
Malik Shukayev
January 2016
Page 2
“Are Bygones not Bygones? Modeling Price Level Targeting with an Escape Clause and Lessons
from the Gold Standard," with Paul R. Masson (University of Toronto). Journal of
Macroeconomics, Elsevier, vol. 33(2), pages 162-175, June 2011.
“Monetary policy and the zero bound on nominal interest rates,” with Robert Amano, Bank of
Canada Review, vol. 2010 (Summer), pages 3-10.
"Note on positive lower bound of capital in the stochastic growth model," with Partha Chatterjee,
Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2137-2147, July 2008.
Working Papers
“Do low interest rates sow the seeds of financial crises?” joint with Simona Cociuba (University
of Western Ontario) and Alexander Ueberfeldt, 2011-31.
“Price-Level Targeting and Inflation Expectations: Experimental Evidence” with Robert Amano,
and Jim Engle-Warnick (McGill University), 2011-18.
“Price Level Targeting: What Is the Right Price?” with Alexander Ueberfeldt, 2010-8
“Risk Premium Shocks and the Zero Bound on Nominal Interest Rates” with Robert Amano,
2009-27.
“Adopting Price-Level Targeting under Imperfect Credibility in ToTEM,” with Gino Cateau,
Oleksiy Kryvtsov, Alexander Ueberfeldt, 2009-17.
“Adopting Price-Level Targeting under Imperfect Credibility-An Update,” with Oleksiy
Kryvtsov, Alexander Ueberfeldt, 2008-37.
“Are Bygones not Bygones? Modeling Price Level Targeting with an Escape Clause and Lessons
from the Gold Standard," with Paul R. Masson (University of Toronto), 2008-27.
“Optimal Monetary Policy under Incomplete Markets and Aggregate Uncertainty,” with Oleksiy
Kryvtsov and Alexander Ueberfeldt, 2007-26.
"Convergence in a Stochastic Dynamic Heckscher-Ohlin Model," with Partha Chatterjee,
(National University of Singapore), 2006-23.
"Are Average Growth Rate and Volatility Related?" with Partha Chatterjee (National University
of Singapore), 2006-24.
Work in progress
“Welfare implications of asset price guarantees during financial crises” with Alexander
Ueberfeldt
“Bank runs, firesales and monetary policy trade off” with Alexander Ueberfeldt
“Are history-dependent monetary policy frameworks worthwhile under imperfect credibility?”
with Gino Cateau
“Managing Risk Taking with Interest Rate Policy and Financial Regulation” with Alexander
Ueberfeldt and Simona Cociuba (University of Western Ontario)
Professional Associations
 Econometric Society
 Canadian Economic Association
Referee







Curriculum Vitae
Malik Shukayev
January 2016
Page 3
Journal of Money, Credit and Banking
Canadian Journal of Economics
Journal of Economic Dynamics and Control (June 2015)
Macroeconomic Dynamics
B.E. Journal of Macroeconomics
Journal of Macroeconomics
Journal of Economic Surveys
Honors and Awards
2000-2002
Open Society Institute Grant for graduate study at the University of Minnesota
2001
1999-2000
1996-1997
MacArthur Foundation Internship Grant, Minneapolis, Minnesota
Graduate School Fellowship, University of Minnesota
USAID-KIMEP Scholarship for graduate study at the University of Colorado