Mohammed Rehman

Thesis:

RESOLVING CONTROVERSIES ABOUT DETERMINANTS OF INFLATION

Researcher: Supervisor:

Muhammad Rehman Prof. Dr. Asad Zaman

Reg. No. 11-SE/PhD(Et)-F04

School of Economics

International Institute of Islamic Economics

INTERNATIONAL ISLAMIC UNIVERSITY, ISLAMABAD

RESOLVING CONTROVERSIES ABOUT DETERMINANTS OF INFLATION

Muhammad-Rehman

Reg. No. 11-SE/PhD(Et)-F04

Submitted in partial fulfilment of the requirements for the

Doctor of Philosophy in Econometrics

at International Institute of Islamic Economics

International Islamic University, Islamabad

Supervisor: Dr. Asad Zaman

August 2010

COMMENTS BY FOREIGN EVALUATOR: Norman Swanson

Dear Asad and Ateeq,

Please be advised that I have examined the dissertation sent to me by Muhammad Rehman entitled "Resolving Controversies About Determinants of Inflation", and I have found the dissertation to be of a quality, depth, and sophistication on par with dissertations I have read from multiple different universities. As such, I would like to recommend acceptance of the dissertation as a completed degree requirement.

With Best Regards,

Norm

===================== Norman Rasmus Swanson Professor of Econometrics and Director of Graduate Studies Department of Economics, Rutgers University nswanson@econ.rutgers.edu, nrasmus@yahoo.com, ns@dfa.com http://econweb.rutgers.edu/nswanson/ (o) 732-932-7432 (c) 908-415-0638 (f) 732-932-7416

Dear Mr. Chaughtai and Professor Asad Zaman

Please refer to your request for the evaluation of a PhD thesis “Resolving Controversies about Determinants of Inflation” by Muhammad Rehman. I am pleased to inform you that I have now completed the examination of the above thesis. The thesis examines an interesting theoretical issue in economics with significant empirical importance for Pakistan. The thesis presents a combination of theoretical development in modeling and rigor in empirical analysis. Please note that I have supervised and examined theses at different universities and found this thesis to be of good quality and compatible with other successful dissertation research. I would like to recommend that the thesis be accepted as a requirement for the award of PhD degree to Mr. Rehman.

Please feel free to contact me if you need any more information.

Best regards.

Ahmed

Ahmed M. Khalid, Ph.D. (Johns Hopkins)

Professor of Economics and Finance

Co-Director, Globalisation and Development Centre

Currently (till 10 May 2011)

Visiting Member/Advisor, Planning Commission, Islamabad

Visiting Professor, LUMS

I have published two papers:

1) Nonlinearity in Inflation: Case of Pakistan , Published in “Pakistan Economic and Social Review”

2) Money-Inflation Relationship: Band Spectrum analysis approach is accepted for publication in “Pakistan Journal of Applied Economics”. It will appear in one of the forthcoming issue of the journal. For conformation , you can contact editor Muhammad Sabihuddin Butt at pjae@aerc.edu.pk

Copies of papers are attached

I have one working paper:

1) Procyclical monetary policy : The social infrastructure effect, Published in “State Bank of Pakistan Working Paper Series”.Copy of the paper is attached.

Recently I have submitted two papers for publication in “State Bank of Pakistan Working Paper Series”

1) Shock within shock

2) First attempt at Pakistan economy DSGE model with informality

(I am attaching only abstracts and can send you the complete papers on request)

Three papers are near completion

1) Informal sector, credit constraints and monetary policy

2) Price mark up model of inflation for Pakistan

3) Different measure of core inflation

(I am attaching only abstracts and can send you the complete papers on request)

I taught following courses in university level

1) Time series analysis

2) Financial econometrics

3) Econometric methods

4) Applied econometrics

I can teach following courses too

5) Advance econometrics

6) Micro econometrics

7) Bayesian econometrics

8) Spectrum analysis

As M Phil mathematics, I taught number of courses in different universities

1) Calculus

2) Mathematical method ( Fourier /Laplace transformations etc )

3) Solution of Differential equations and Partial differential equations

4) Higher level Algebra

5) Statistics and probability theory

6) Mathematics’ for economics

7) Discrete mathematics.

8) Vector analysis etc