Contact
Associate Professor, Faculty of Arts - Economics Dept
- shukayev@ualberta.ca
Overview
About
I am an Associate Professor in the Department of Economics at the University of Alberta. I graduated with a PhD (2005) degree in Economics from the University of Minnesota at Twin Cities and with an MA (1997) degree in Economics from the University of Colorado at Boulder. My undergraduate degree in Engineering is from the Kazakh National Technical University, Kazakhstan. Before coming to Alberta in 2016, I was a researcher at the Bank of Canada.
Research
My general research fields are macroeconomics and monetary economics. I primarily work with general equilibrium models in order to analyze monetary, fiscal and macroprudential policies.
Teaching
I have taught economics since 1997 at both the undergraduate and graduate level. My current courses include intermediate macroeconomics, macroeconomic policy, and monetary economics.
Courses
ECON 440 - Monetary Economics
Factors influencing inflation dynamics, money demand, interest rates and exchange rates in the long and short run. Analysis of the objectives, instruments, transmission channels and policy tradeoffs faced by central banks of Canada and other nations. Prerequisite: ECON 385.
ECON 442 - The Economics of Financial Markets
The measurement of risk; portfolio analysis; hedging and speculation; market microstructure; asset pricing and market equilibrium. Prerequisites: ECON 281, STAT 161 or equivalent, and MATH 154 or equivalent. Students may not receive credit for both ECON 442 and FIN 412.
ECON 540 - Monetary Economics
Factors influencing the inflation dynamics, money demand, interest rates and exchange rates in the long and short run. Analysis of the objectives, instruments, transmission channels and policy tradeoffs faced by central banks of Canada and other nations.
Featured Publications
Malik Shukayev and Robert Amano
International Journal of Central Banking. 2025 July; 21 (3)
Gino Cateau, Malik Shukayev
Canadian Journal of Economics. 2022 November; 55 (4):1834-1861 10.1111/caje.12617
Yuko Imura (Bank of Canada) and Malik Shukayev
Journal of Economic Dynamics and Control. 2019 March; 100
Partha Chatterjee and Malik Shukayev
Journal of Economic Dynamics and Control. 36 (3):416-432
Simona Cociuba, Malik Shukayev, Alexander Ueberfeldt
European Economic Review. 85 (C):62-83
Robert Amano, Steven Ambler, Malik Shukayev
Canadian Journal of Economics. 45 (3)
Robert Amano, Malik Shukayev
Journal of Money, Credit and Banking. 44 (8):1475-1505