Hashmat U. Khan
2023 SSHRC Insight Development Grant
2020 Research Achievement Award
Macroeconomic Stability: Assessing the Roles of Monetary Policy Actions and the Inflation Environment
A conventional view is that when a central bank adjusts the policy interest rate more than one-for-one for each percent change in inflation, both inflation and unemployment remain low and stable. An alternative view is that the level of a country’s average inflation over a decade or so (the inflation environment) is the major determinant of stability. The proposal will develop a framework to assess these two views, while overcoming conceptual and computational challenges.
Khan says he is happy and honoured to receive the award, and he sees it as having a positive effect on his work:
“Research is a joyful and often bumpy endeavour. This recognition will inspire me to continue to enhance my work.”
2019 SSHRC Insight Development Grant
Winners and Losers from the Tax Cuts and Jobs Act:
A Quantitative Evaluation with an Open-Economy Heterogeneous Household Model
The Tax Cuts and Jobs Act (TCJA), passed by the U.S. Congress in 2017, introduced an unprecedented reduction in the American corporate tax rate: from 35% to 21%, a difference of 14 percentage points. Controversy about the short- and long-term benefits of the Act followed, with proponents claiming all taxpayers would profit, regardless of income level or source.
Meanwhile, north of the border, there has been little analysis of the effects of the legislation on the Canadian economy, despite close integration between the two economies. That’s about to change.
With the support of a $55,290 grant, Professor Khan along with Professor Lee, and Professor Razo-Garcia, will develop comprehensive models that can look at, among several aspects, how the TCJA would affect income distribution among Canadian households.