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Curriculum Vitae
BIRU PAKSHA PAUL
Associate Professor, Department of Economics
State University of New York at Cortland (SUNY Cortland)
Cortland, New York 13045, USA
Email: [email protected]
Homepage: http://facultyweb.cortland.edu/paulb/
Currently
Chief Economist, Bangladesh Bank (Central Bank) since Dec 2015
Email: [email protected]
Tell: 880-2-9511 605
EDUCATION:
Ph.D. in Economics: State University of New York at Binghamton (SUNY Binghamton),
Aug 2007 (Area: Business cycles and inflation, Supervisor: Christopher Hanes)
M.A. in Applied Economics: SUNY Binghamton, May 2004
M.B.A. in Finance: University of Technology-Sydney, Australia, Sep 1999
M.S.S. in Economics: University of Dhaka, Bangladesh, Feb 1989
B.S.S. in Economics (Honors): University of Dhaka, Bangladesh, Jul 1986
Fields of Concentration: Open Economy Macroeconomics, Monetary and Financial Economics, Growth
Dynamics, Bangladesh Economy, and South Asia.
Job Description in Teaching: Assistant Professor of economics and finance since Sep 1, 2007. Associate
Professor since Sep 1, 2012: Every semester teaching more than 100 students in three courses and
advising 40 students of business economics, working on the departmental personnel committee,
undertaking research projects in macroeconomics, attending conferences, and publishing papers.
Job Description in Central Banking: Advising the Governor on monetary policy at the central bank,
directing a team of 60 researchers, organizing seminars, attending conferences and global meetings,
coordinating with the ministry of finance and diplomatic missions, publishing quarterly and annual
reports, facing the media on economic issues, and engaging in public discourse on policy issues.
TEACHING POSITIONS:
1.
Faculty Instructor: Principles of Microeconomics – every semester since 2007 including online
teaching – every summer since 2009. Principles of Finance Fall 2007 – Fall 2008. Macroeconomic
Theory and Advanced Finance – each on alternate semesters since spring 2009.
2.
Curriculum Developer: A comprehensive set of teaching modules on Global Trade as a joint
project between the Levin Institute and the SUNY, 2009-2010. The project aims at educating both
domestic and international students on globalization issues.
3.
Curriculum Developer & Instructor: A newly developed course: Economics of Business Cycles.
It included trainings on EViews as well as theories. Students prepared country projects. Fall 2005,
Spring 2006 and 2007. Also Course Instructor for Principles of Macroeconomics, Department of
Economics, SUNY Binghamton, Summer 2006.
Curriculum Vitae of Biru Paksha Paul
4.
Apr 27, 2015
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Teaching Assistant for Econ162: Principles of Macro, under Professor Christianson, Fall 2003,
Fall 2004, and Spring 2005. Econ360: Intermediate Micro, under Professor Henderson, Spring
2004. Econ360: Intermediate Micro, under Professor Greene, Spring 2003. Econ436: International
Trade, under Professor Walton, Spring 2003, Econ Dept., SUNY Binghamton
RESEARCH/CONSULTANCY POSITIONS:
1.
Policy Adviser at Bangladesh Bank: Jul 2013 and Jan 2014: conducted advanced workshops on
policy-level research and technical tools of EViews for the researchers of the central bank.
2.
International Consultant at the Ministry of Finance, Government of Bangladesh: Jan 16-23, and
Jun 23-30, 2013: conducted training programs on macro modeling of time series data.
3.
Research Consultant at Bangladesh Bank: Jan 1-15, 2013: conducted a technical workshop on
Econometric Research with EViews to enhance research capabilities at the central bank.
4.
Visiting Scholar at Bangladesh Bank: Summer 2012. This assignment included a background work
of Bangladesh’s monetary policy statement for 2012-2013 and a training workshop on fiscalmonetary interactions at the central bank. The job also included studying the reasons of the
inflation differential between Bangladesh and India.
5.
Consultant at the United Nations Development Program (UNDP): Jan 2010, Jun-Oct 2005:
completed three studies on employment creation, the informal sector, and the garment sector of
developing nations.
RESEARCH: PUBLISHED PAPERS:
1.
“How to finance investment in Bangladesh: Finding long-run factors in a bounds test method.” –
International Journal of Finance and Banking, 1(2), Jun 2014, 13-24.
2.
“Testing Export-Led Growth in Bangladesh: An ARDL Bounds Test Approach,” – International
Journal of Trade, Economics and Finance, 5(1), Feb 2014, 1-5.
3.
“Can Bangladesh grow faster than India?” – Journal of Bangladesh Studies, 15(1), Jun 2013, 15-27.
4.
“Output relationships in South Asia: are Bangladesh and India different from neighbors?” South
Asia Economic Journal, 14(1), Apr 2013, 35-57.
5.
“Inflation-Growth Nexus: Some Bivariate EGARCH Evidence for Bangladesh,” – Macroeconomics
and Finance in Emerging Market Economies, 6(1), Feb 2013, 66-76.
6.
“Globalization and Monetary-Policy Independence in India,” – Journal of Developing Areas, 46(2).
Fall, 2012, 205-211.
7.
“Openness and Output Dynamics in South Asia,” (with A. Das), – Indian Economic Journal, 59(4),
Jan-Mar 2012, 52-69.
8.
“Output Relationships of China and India with the USA: How Do the Asian Giants Respond to
America?” – Global Economic Review, 41(1), Mar 2012, 97-110.
9.
“Export-Led Growth in India and the Role of Liberalization,” (with A. Das) – Margin: Journal of
Applied Economic Research, 6(1), Feb 2012, 1-26.
10. “Revisiting Export-Led Growth for Bangladesh: A Synthesis of Cointegration and Innovation
Accounting,” – International Journal of Economics and Finance, 3(6), Nov 2011, 3-15.
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11. “The Remittance-GDP Relationship in the Liberalized Regime of Bangladesh,” (with A. Das) –
Theoretical and Applied Economics, 18(9), Sep 2011, 41-60.
12. “Openness and Growth in Emerging Asian Economies: Evidence from GMM Estimations of a
Dynamic Panel,” (with A. Das) – Economics Bulletin, 31(3), Aug 2011, 2219-2228.
13. “Modeling Economic Growth in Bangladesh and the Role of the Market Economy,” – International
Journal of Economic Issues, 4(1), Jun 2011, 1-11.
14. “Remittances and Output in Bangladesh: An ARDL Bounds Testing Approach to Cointegration,”
(with G. S. Uddin and A. M. Noman), – International Review of Economics, 58(2), Mar 2011, 229242.
15. “Energy and Output Dynamics in Bangladesh,” (with G. S. Uddin), – Energy Economics, 33, Jan
2011, 480-487.
16. “The Role of Macro Imbalances in the US Recession of 2007-2009,” – International Journal of
Business and Economics, 9(3), Dec 2010, 255-260.
17. “Liberalization and India’s Business Cycle Synchronization with the U.S.”– Indian Economic
Review, 45(1), Jun 2010, 159-182.
18. “Does Corruption Foster Growth in Bangladesh?”– International Journal of Development Issues,
9(3), Mar 2010, 246-262.
19. “Did Liberalization Change the Indian Business Cycle?”– Indian Economic Journal, 57(3), Dec
2009, 93-117.
20. “In Search of the Phillips Curve for India,”– Journal of Asian Economics, 20(4), Sep 2009, 479488.
21. “Did Liberalization Cause Structural Break in Indian Industrial Growth?”– Journal of Quantitative
Economics, 7(2), Jul 2009, 145-172.
WORKING/CONSULTANCY PAPERS:
1.
“When and why does Bangladesh’s inflation differ from India’s?” (with Hassan Zaman), WP 1301,
Bangladesh Bank ://www.bangladesh-bank.org/pub/research/workingpaper/workingpaperlist.php
2.
“Good Practices of Employment Creation in Developing Countries: Case Study with Argentina,
Bangladesh, India, and South Africa,” Background paper for the UNDP Report: Beyond the
Midpoint: Achieving the Millennium Development Goals, Jan 2010.
3.
“Women in the Informal Sector: With Reference to African Countries,” Poverty Reduction Group,
UNDP, WP 1, Project 32730, UNDP, New York, Jun 2005.
4.
“Female Garments Workers in the Aftermath of the Multi-Fiber Agreement: Focus on Bangladesh,
Cambodia, and Sri Lanka,” UNDP, WP 2, Project 32730, UNDP, Oct 2005.
RESEARCH IN PROGRESS:
1.
“How political relations affect output responses in South Asia: A case with Bangladesh, India, and
Pakistan.”
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Apr 27, 2015
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BOOK/BOOK CHAPTER PUBLICATIONS:
1.
Lead Author of the time series booklet: Bangladesh: A Stable and Vibrant Economy, Bangladesh
Bank, April 2015.
2.
“Modeling Inflation Behavior in Bangladesh: A Philips Curve Approach” (with G.S. Uddin) a
chapter in Bangladesh: Macroeconomy and Monetary Economics, Selected Papers from the 2013
International Conference on Bangladesh at the University of California-Berkeley, University Press
Limited, Dhaka, forthcoming in 2015.
3.
“Long-Run Determinants of Investment in Bangladesh,” a chapter in in Bangladesh:
Macroeconomy and Monetary Economics, Selected Papers from the 2013 International Conference
on Bangladesh at the University of California-Berkeley, University Press Limited, Dhaka,
forthcoming in 2015.
4.
“Challenges of the New Decade and Reforms for Growth in Bangladesh,” Ch. 17 in Bangladesh
Economy in the 21st Century: Selected Papers from the 2008 and 2009 Conferences on Bangladesh
at Harvard University, University Press Limited, Dhaka, Jan 2012.
5.
“Essays on Indian Business Cycles and Inflation,” Verlag Dr. Müller Publishing Company,
Saarbrucken, Germany, Nov 2008.
6.
“Free Market Economy and Bangladesh,” Second Ed., Rayman Publishers, Dhaka, Nov 1997.
7.
“Banking, Economic, and Administrative Issues in Bangladesh,” Nawrose, Dhaka, Sep 1996.
8.
“Bangladesh’s Budget and Economic Trends,” Rayman Publishers. Dhaka, Jan 1996.
9.
“Debates on the Development Issues of Bangladesh,” Rayman Publishers. Dhaka, Feb 1995.
10. “The World Bank and the Bangladesh Economy,” Smart Publishers, Dhaka, Feb 1993.
MEDIA ARTICLES:
1.
Fix Dhaka first to help our life and growth, The Daily Star (hereafter DS), Sep 18, 2014.
2.
Why lending rates must go down, DS, Aug 13, 2014
3.
Knowledge Economy Index: Why we did so poorly, DS, Jul 1, 2014.
4.
Budget 2014-15: A few conceptual notes, DS, Jun 8, 2014.
5.
Pampering the super-rich, DS, May 14, 2014
6.
What special we expect from the coming budget, DS, Apr 1, 2014.
7.
Emergence of Bangladesh: Economic justification, DS, Mar 26, 2014.
8.
High foreign reserves: asset or liability? DS, Mar 2, 2014
9.
Monetary policy for ‘animal spirits,’ DS, Jan 30, 2014
10. Are high foreign reserves a good sign? DS, Mar 16, 2013
11. Inflation and monetary policy: Time to tighten up, DS, Feb 3, 2013.
12. Monetary policy’s prime target: growth or inflation? DS, Sep 6, 2012.
13. Budget 2012-2013: A few changes can help, DS, Jun 26, 2012.
14. Challenges in the Next Decade, DS, Jun 12, 2010.
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15. Reforming Higher Education for Growth, DS, Nov 15, 2009.
16. Easy Come, Easy Go, The US Financial Crisis of 2008, DS, Nov 9, 2008.
17.
Nobel Economics Prize and Globalization, Dhaka Courier (hereafter DC), Oct 24, 2008
18. Bangladesh and Food Security, DC, Oct 2008.
19. Measuring Corruption, DS, Jul 9, 2008.
20. Inflation and Democracy: Connection or Confusion, DS, Apr 21, 2008.
21. Can an Elected Government Better Handle the Economy? DC, Feb 1, 2008.
22. Tackling the Most Critical Phase of the Economy, DS, Dec 2, 2007.
23. The Role of Reform for Growth, DC, Oct 12, 2007.
24. Integrated Strategy for Curbing Inflation in Bangladesh, DC, Sep 29, 2007.
25. We Need to Curb Inflation, DS, Sep 22, 2007.
REVIEW:
1.
Macroeconomics by O. Blanchard and D. Johnson, 7e, Pearson, Nov 2013.
2.
Macroeconomics by O. Blanchard and D. Johnson, 6e, Pearson, Jan 2012.
3.
Financial Crises in Advanced Economies: Chapter 17 in the book: Macroeconomics: Policy and
Practice by Frederic Mishkin, 2011.
4.
International Banking for a New Century by I. Finel-Honigman and F. Sotelino, Routledge: Taylor
and Francis Group, England, Dec 2010.
5.
The End of Ownership? Crisis, Banking, and Development in Emerging Mexico and Turkey by
Thomas Marois, forthcoming, Taylor and Francis Books-Routledge, U.K., Jan 2010.
6.
The Real Business Cycle Model Chapter 13 in the book: The New Principles of Macroeconomics by
Cowen and Tarabrok, 2009, Worth Publishers, New York, Jan 2008.
7.
Macroeconomic Reviewer, Journal of Bangladesh Studies.
8.
Member, Editorial Board, Commerce Journal International.
PRESENTATIONS:
1.
“State of the Economy: Trends and Prospects, Keynote Speaker, Board of Investment, Prime
Minister’s Office, Bangladesh. April 26, 2015.
2.
“Deriving an optimal exchange rate for developing economies: A case study with Bangladesh’s
monetary policy,” International Growth Center Conference, Dec 27, 2013, Dhaka.
3.
a) “How to finance investment in Bangladesh? b) Can Bangladesh grow faster than India? c) How
politics affect output responses in South Asia,” International Conference on Bangladesh, Feb 22-24,
2013, Center for South Asia Studies, University of California-Berkeley.
4.
“Fiscal-monetary interactions in Bangladesh,” Ministry of Finance, Government of Bangladesh,
Aug 7, 2012, Secretariat, Dhaka.
5.
“Output Relationships of China and India with the USA: How Do the Asian Giants Respond to
America,”38th Annual Meeting of the Eastern Economic Association (EEA), Mar 10, 2012, Boston.
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6.
“Output Relationships in South Asian Economies,” Ministry of Finance, Government of
Bangladesh, Secretariat, Jan 18, 2012, Dhaka.
7.
“Inflation-Growth Interactions in Bangladesh in an EGARCH-M Model,” Bangladesh Institute of
Development Studies (BIDS), Jan 17, 2012, Dhaka.
8.
“The Remittance-GDP Relationship in the Liberalized Regime of Bangladesh: Cointegration and
Innovation Accounting,” 45th Annual Conference of the Canadian Economic Association (CEA),
Jun 3-5, 2011, Ottawa.
9.
“Revisiting Export-led Growth for Bangladesh,” 4th International Conference on Economics, May
26-27, 2011, Izmir University of Economics, Turkey.
10.
“Twin deficits and the U.S. recession of 2007-2009,” 37th Annual Meeting of the Eastern Economic
Association (EEA), Feb 27, 2011, NYC.
11. “The Great Recession of 2007-2009 and the Impending Crisis of the U.S. Economy,” Sandwich
Seminar, Oct 20, 2010, Brockway Hall, SUNY Cortland.
12. “How Far is the Financial Crisis Responsible for the U.S. Recession of 2007-2009?” 36th Annual
Meeting of the EEA, Feb 26, 2010, Philadelphia.
13. “Reforms for Economic Growth in Bangladesh,” The Bangladesh Conference on Ideas and
Innovations for Development, Oct 9-10, 2009, Harvard University, Boston, MA.
14. “Did Liberalization Cause Structural Break in Indian Industrial Growth?” 35th Annual Meeting of
the EEA, Mar 1, 2009, NYC.
15. “Does Corruption Foster Growth in Bangladesh,” International Conference on Trends in Global
Business, Oct 9-11, 2008, Quinnipiac University, CT.
16. “Did Liberalization Change the Indian Business Cycle?” 83rd Annual Conference of the Western
Economic Association International, Jun 29-Jul 2, 2008, Hawaii.
17. “The Role of Monetary Policy in Business Cycle Transmission from the U.S. to India,” 34th Annual
Meeting of the EEA, Mar 7-9, 2008, Boston.
18. “Does Globalization Cause the Loss of Monetary-Policy Independence for Developing Economies?
A Case Study with India,” International Conference on “Globalization and Its Discontents,”
Organized by Izmir University of Economics and SUNY Cortland, Jun 8-9, 2007.
19. “Employment Rigidity in the Indian Formal Sector,” Labor Economics Seminar, Department of
Economics, SUNY Binghamton, Apr 2005.
20. “The Application of Macros and Productivity Enhancement,” Conducted a Workshop for the Peer
Employees in the Financial Planning Department, ANZ Bank, Sydney, Jun 2002.
21. “Twenty-Five Years of Bangladesh: Why Business Didn’t Grow,” Keynote Speaker in the Annual
General of Meeting of ‘Bangladesh Association of Australia,’ Sydney, Apr 1997.
22. “Consumers’ Interest and the Government Budget 1995,” Keynote Speaker in the Annual
Conference of Consumers’ Association of Bangladesh, the Press Club, Dhaka, Jun 1995.
PARTICIPATION:
1.
Panelist: IMF-Hitotsubashi University Joint Seminar on Macro and Financial Issues of Inequality,
Mar 12-13, Tokyo, Japan.
2.
The Academy of Process Educators Conference at SUNY Cortland, Jun 18-20, 2012.
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3.
The Federal Reserve Symposium on “U.S. Monetary Policy and Financial Stability,” Fed Reserve
Bank of NY, Mar 19-20, 2012.
4.
The Federal Reserve Symposium on “The New Fed Basics and the Fed’s Ongoing Response to the
Crisis,” Fed Reserve Bank of NY, Jan 13-14, 2010.
MANAGEMENT & DISCUSSION:
1
Organizer: International Seminar on employment, growth, and financial inclusion in Bangladesh,
jointly organized by Bangladesh Bank and the ILO, May 15, Dhaka.
2
Discussant: Financial Analysis and Performance, 38th Annual Meeting of the EEA, Boston, Mar 9,
2012.
3
Chair and Discussant: Contemporary and Historical Financial Crises, 36th Annual Convention of
the EEA, Philadelphia, PA, Feb 26, 2010.
4
Chair and Discussant: the special session on the Financial Crisis, 35th Annual Convention of the
EEA, New York, Feb 28, 2009.
WORKSHOPS:
1.
Interaction of Fiscal and Monetary Policies in an Emerging Economy, Aug 6, 2012. Bangladesh
Bank, Dhaka.
2.
Session Leader: Research Methodology and Time Series Econometrics: a workshop for the faculty
members of public and private universities, Jan 14-15, 2011, Darul Ihsan University, Dhaka.
SERVICES:
1.
Member, Advisory Committee (Panel of Experts) on Support to Sustainable and Inclusive Planning
(SSIP) Project, Joint Initiative by the Government of Bangladesh and UNDP, 2015.
2.
Member, Coordination Council on Fiscal and Monetary Policies, Ministry of Finance, Government
of Bangladesh, 2015.
3.
Member, Economics Department Personnel Committee, SUNY Cortland, since Spring 2014.
4.
Member, Economics Department Curriculum Committee, SUNY Cortland, 2007-2013.
5.
Member, Quality Circle Review Committee, SUNY Cortland, since Summer 2008.
6.
Academic Adviser, Economics Department, SUNY Cortland, since Fall 2007.
7.
Co-investigator, Professional Science Master’s (PSM) Committee, SUNY Cortland, 2008-2009.
8.
Member, SUNY Cortland Faculty Writing Group, Spring 2009 – present.
9.
Supervisor of Teng Zhang of Shanghai University of Finance and Economics, China, 2009.
10. Faculty Guide, Economics Club Tour to the Fed Reserve Bank of NY, Oct 2009, Nov 2010.
11. Faculty Guide, Economics Club Tour to the NY Stock Exchange, Oct 17, 2008.
12. Panelist, College-wide Discussion on the US Financial Crisis, SUNY Cortland, Oct 30, 2008.
13. Member, Curriculum Development Committee on Globalization, SUNY Globalization Curriculum
Project, 2008-2010.
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14. Member, SUNY Business & Education Cooperative, Binghamton University, 2009-2010.
15. Panelist: Community Roundtable on the US Recession, SUNY Cortland, Apr 1, 2010.
OTHER PROFESSIONAL EXPERIENCES:
Banking & Finance:
1.
Paraplanning Associate in the Financial Planning Division of Wealth Management, Australia and
New Zealand Banking Group Ltd (ANZ Bank), Sydney, Aug 2001 to Aug 2002.
2.
Advisory Services Officer in Advisory Services Department of Financial Paraplanning, ANZ
Bank, Sydney, Jun 2000 to Aug 2001.
3.
Accounts Maintenance Officer in the Maintenance Section of Transaction Processing Centre,
ANZ Bank, North Sydney, Aug 1999 to May 2000.
4.
Officer in Arab Bangladesh Bank Ltd, Dhaka, Main Areas: Credit Administration, Foreign
Exchange, Export and Import business, Feb 1991 to May 1993.
5.
Probationary Officer in Arab Bangladesh Bank Ltd, Dhaka, Main Areas: Cash, Credit, Bank
Guarantee and General Accounts, Feb 1989 to Jan 1991.
Journalism:
6.
Economic Commentator in The Daily ‘Janakantha’ (The then leading daily newspaper in
Bangladesh), Sep 1993 to Sep 1996.
Administration:
7.
Administrative Services Officer in the Department of Employment, Education, Training and
Youth Affairs, Government of Australia, Sydney, Jan 1998 to Dec 1998.
FELLOWSHIPS, AWARDS & GRANTS:
1.
Outstanding Achievement in Research Award 2015, SUNY Cortland.
2.
Outstanding Reviewer Award 2011: International Journal of Development Issues, Emerald, U.K.
3.
International Travel Grant 2011, Izmir International Conference on Economics, Provost’s Office,
SUNY Cortland.
4.
Individual Development Award 2008, 2010, UUP, SUNY Cortland
5.
Research Travel Grant 2008, 2010, 2011, College Research Foundation, SUNY Cortland.
6.
Professional Travel Grant – every year since 2008, Dean’s Office, SAS, SUNY Cortland.
7.
Award for excellence in research, scholarship, and outreach for the Professional Science Master’s
(PSM), SUNY Cortland, May 2009.
8.
Stipend for Planning and Curriculum Outline, PSM project, SUNY Cortland, Jan 2010.
9.
Stipend, Institute for Teaching Strategies, 2008, Faculty Development Center, SUNY Cortland.
10. Research Travel Grant 2008, Faculty Development Center, SUNY Cortland.
11. Research Travel Grant 2008, Research and Sponsored Program Office, SUNY Cortland.
12. Faculty Research Fellowship 2008-2009, SUNY Cortland.
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13. University Award for Excellence in Teaching 2006, SUNY Binghamton.
14. Department Fellowship Spring 2006: Department of Economics, SUNY Binghamton.
15. Graduate Scholars Enhancement Spring 2006: Department of Economics, SUNY Binghamton.
16. University Award 1986: Award for debating, public speaking, and extra-curricular activities,
University of Dhaka.