Personal Homepage for Merwan H. Engineer

HOMEPAGE OF MERWAN H. ENGINEER

Department of Economics, University of Victoria

Victoria, B.C., Canada V8W 2Y2
Phone: (250) 721-8536 Fax: (250) 721-6214
E-mail: menginee@uvic.ca

Teaching
Research
Links

engineer

Research

Development and Demography:

“The Human Development Index as a Criterion for Optimal Planning” , Indian Growth and Development Review, 1(2), (2008) 172-192.

With Ian King and Nilanjana Roy

“Choosing Longevity with Overlapping Generations: To Be or Not to Be in Diamond's Model”, The B.E. Journal of Macroeconomics (Contributions): 8(1), Article 6, (2008).

With Weichun Chen and Ian King

“Overlapping Generations Models of Graded Age-Set Societies” Journal of Institutional and Theoretical Economics, 160, (2004), 454-476.

With Linda Welling

“Human Capital, True Love, and Gender Roles: Is Sex Destiny?”, Journal of Economic Behavior and Organization, 40, (1999) 155-178.

With Linda Welling

“Adjusting the Human Development Index for Morbidity” (2008).

With Nilanjana Roy and Sari Fink

“An Almost Exact Overlapping Generations Model of Rendille of Northern Kenya” (2006).

With Eric Roth and Linda Welling

“Modeling Social Rules and Experimental History: The Impact of the Sepaade Tradition on the Rendille of Nothern Kenya” (2007).

With Eric Roth and Linda Welling

Money and Finance:

“When is Price-Level Targeting a Good Idea?”, Price Stability and the Long-Run Target for Monetary Policy, Bank of Canada (2001), 101-149.

With Richard Barnett

“Bargains, Barter and Fiat Money”, Review of Economic Dynamics, 4, (2001) 188-209.

With Shouyong Shi

“Currency Transaction Costs and Competing Currencies”, Journal of International Economics, 52(1) (2000)

“Asymmetry, Imperfectly Transferrable Utility, and the Role of Fiat Money in Improving Terms of Trade”, Journal of Monetary Economics, 41 (1) (1998), 153-183, 41 (1) (1998), 153-183.

With Shouyong Shi

“Bargaining-Induced Transactions Demand for Fiat Money” FIGS, Discussion Paper 96-03 University of Victoria (1996). With Shouyong Shi. This version derives the bargaining solution from a strategic game.

“Comment on Did Risk Based Capital Allocate Bank Credit and Cause a Credit Crunch in the United States”, Journal of Money, Credit and Banking, 26 (1994), 629-633.

“Rivalrous Money Supply Among Overlapping Generations”, Canadian Journal of Economics, 27, (1994), 494-504.

With Dan Bernhardt

“Endogenous Transfer Institutions in Overlapping Generations”, Journal of Monetary Economics, 29, (1992), 445-474.

With Dan Bernhardt

“Money, Barter, and the Optimality of Legal Restrictions”, Journal of Political Economy, 99, (1991), 743-773.

With Dan Bernhardt

“Bank Runs and the Suspension of Deposit Convertibility”, Journal of Monetary Economics, 24, (1989), 443-454.

Political Economy:

“Costly Transfer Institutions and the Core in the Overlapping Generations Model”, Journal of Economic Behavior and Organization, 32 (1997), 287-300.

With Joan Esteban and Jozsef Sakovics

“Brennan and Buchanan's Leviathan Models”, Social Science Journal, 27, (1990), 419-433.

“Taxes, Public Goods and the Ruling Class: An Exploration of the Territory Between Brennan and Buchanan's Leviathan and Conventional Public Finance”, Public Finance, 44, (1989), 19-30.

“The Distribution of Income in a Despotic Society”, Public Choice, 54, (1987), 261-276.

With Dan Usher

Awards, Grants and Visiting Positions

2004+ Research Affiliate, Center for Studies in Demography and Ecology, University of Washington

2007 Visiting Scholar, Indian Statistical Institute, Delhi India (January-March)

2005-2007 Social Science and Humanities Research Council grant to study “Overlapping Generations Models of Age-Group Societies and the Preston Curve”

2001-2004 Social Science and Humanities Research Council grant to study “Macroeconomic and Money Models”

2003 Visiting fellow, Center for Development Studies, Trivandum India (November- December)

1998-2001 Social Science and Humanities Research Council grant to study: “Models of Fiat Money, Asset Liquidity and Bank Stability”

1994-1999 Social Science and Humanities Research Council grant to study: “Models of the Transaction Demand for Money and Demand Deposits”

1994-1997 Medical Research Council of Canada grant to study “The Socio-Economic Effects of Genetic Screening”; major researcher Mike Hoy and minor researchers Stan Blecher, Merwan Engineer, Peter Kuhn, Michael Ruse, Asha Sadanand and Venkat Sadanand

1994 Visiting Scholar, Indian Statistical Institute, Delhi (January-March)

1991-1994 Social Science and Humanities Research Council grant to study: “Economies with Fiat Money and Alternative Means of Exchange”

1990 Visiting scholar, Federal Reserve Bank of Minneapolis (November –December)

1989 C. A. Curtis Prize (for best economics thesis), Queen’s University

1982-1986 Social Sciences and Humanities Research Council of Canada Doctoral Fellowship

1981-1982 Queen's Graduate Scholarship, Queen's University

1979-1980 Del Grauer Scholarship, University of British Columbia

Board Membership

Canadian Economics Association (Council Member),

Indian Growth and Development Review (Associate Editor)

University of Victoria Pension Board (Member).

Teaching

Course Pages:

Fall: on leave

Spring (to be updated for 2010):

Economics 305: Money and Banking

Economics 453: Economic Growth and Business Cycles

Economics 520: Development Economics

Economics 573: Economic Growth

Undergraduate Courses Taught:

Principles of Microeconomics (103), Principles of Macroeconomics (203), Intermediate Microeconomics (203), Intermediate Macroeconomics (204), International Economics (306), Money and Banking (305), Introduction to Economic Growth (333), Advanced Macroeconomic Theory (401), Monetary Economics (406), Financial Economics (435), Economic Growth and Business Cycles (453), and Directed Studies (495; Economic Growth, Equity Markets)

Graduate Courses Taught:

Macroeconomic Analysis (501), Monetary Theory and Policy (506), Economic Development (520), Economics of Finance (529), General Equilibrium and Welfare Economics (540B), Macroeconomics Issues (552), Economic Growth (573), and Directed Studies (595; Economic Growth, Economic Development, Financial Economics)

Supervisions:

MOL, Roeup, “Financial Dollarization an Capital Accumulation in a Model with Banking and Seigniorage”

Extended Master’s Essay (May 2008)
Dr M. Engineer & Dr G. Voss

CHEN, Weichun, "Three Essays on the Health and Wealth of Nations”

Ph.D. (May 2008)
Dr M. Engineer, Dr N. Roy & Dr J. Clarke, Dr Z. Wu

GUO, Shasha, "Who Will Make an SEO in the Near Future? A Duration Analysis of the Chinese Equity Market"

Extended Master’s Essay (November 2007)
Dr D. Giles & Dr M. Engineer

FINK, Sari, “Adjusting the Human Development Index for Health and Longevity”,

Extended Master’s Essay (December 2006)

Dr M. Engineer & Dr N. Roy

NI, Yang, “Duration Analysis of the Initial Public Offering Effect”,

Extended Master’s Essay (August 2006)

Dr D. Giles & Dr M. Engineer

XU, Jing, “Technical Trading Rules & Stock Returns: An Econometric Analysis”,

Extended Master’s Essay (August 2006)

Dr D. Giles & Dr M. Engineer

CHABAN, Maxym, “Essays in Exchange Rate Economics”,

Ph.D. (May 2006)
Dr G. Voss, Dr J. Clarke, Dr. M. Engineer & Dr M. Webb

YUAN, Yuan, “Integration of Canadian and U.S. Residential Mortgage Markets: A Multi-Step Causality Study”,

Extended Master’s Essay (April 2005)
Dr J. Clarke & Dr M. Engineer

LIU, Fangge, “The Effect of Currency Substitution on Output and Welfare in a Model with Banking and Capital Accumulation”,

Extended Master’s Essay May 2005

Dr M. Engineer & Dr A. Kumar

CHEN, Weichun, “Endogenous Life Expectancy and Income: An Overlapping Generations Analysis”,

Extended Master’s Essay (August, 2004)

Dr M. Engineer & Dr N Roy

ZENG, Wenbo, “A Re-examination of Granger Causality Between Canadian Exports and Its Economic Growth”,

Extended Master’s Essay (August, 2004)

Dr J.A. Clarke & Dr M. Engineer

LIU, Qian, “Monetary Policy and Asset Prices: A Survey of the Literature”

Extended Master’s Essay (July 2004)
Dr G. Voss & Dr M. Engineer

LEE, Kathy, “Banking Theories and Their Implications for the Efficacy of the Proposed Hong Kong Deposit Insurance Scheme” (March 2002)
Dr P. Schure & Dr M. Engineer

LIU, Ying, “Comparing the Forecast Performance Between Linear and Nonlinear Error Correction Models for the Canadian Economy”,

Extended Master’s Essay (April, 2000)

Dr J.A. Clarke & Dr M. Engineer

ARCHER, Ian, “An Analysis of Natural Gas Futures Markets”,

Extended Master’s Essay (May, 1999)

Dr M. Engineer & Dr K.G. Stewart

HSU, Kuo-An, “The Implications of Alternative Demand Specifications in a Computational Trade Model”,

Extended Master’s Essay (December, 1999)

Dr D. Ferguson & Dr M. Engineer

MILLER, Dale, "Real Options Analysis of Power Generating Assets",

Extended Master’s Essay (April, 1999)

Dr M. Engineer & Dr L. Welling