Dr. Khandokar Mohammad Istiak

Dr. Khandokar Mohammad Istiak

Associate Professor
Economics, Finance and Real Estate

Research Interests

Dr. Istiak’s research interests include macroeconomics, monetary economics, and financial economics.


  • Ph.D. in Economics, University of Calgary, Canada
  • M.A. in Economics, University of Arizona
  • M.S.S. in Economics, University of Dhaka, Bangladesh
  • B.S.S. in Economics, University of Dhaka, Bangladesh

Selected Publications

  • "Psychological factors of Canadian and Mexican tourists and the US tourism sector" Tourism Economics (2022), in press.

  • "Risk, Uncertainty and the Tourism Sector of North Africa." African Development Review 33(2) (2021), 329-342.

  • "Risk, Uncertainty, and Leverage." (with A. Serletis). Economic Modelling 91 (2020), 257-273.

  • "Impact of US Policy Uncertainty on Mexico: Evidence from Linear and Nonlinear Tests." (with Md. Alam). Quarterly Review of Economics & Finance 77 (2020), 355-366.

  • "The Nature of Shadow Bank Leverage Shocks on the Macroeconomy." The North American Journal of Economics and Finance 50 (2019), 1-12.

  • "Economic Policy Uncertainty and Real Output: Evidence from the G7 Countries." (with A. Serletis). Applied Economics 50 (39) (2018), 4222-4233.

  • "Monetary Policy and Leverage Shocks." (with A. Serletis). International Journal of Finance & Economics 22 (2017), 115-128.

  • "Financial Intermediary Leverage Spillovers." (with A. Serletis). Research In International Business and Finance 39 (2017), 1000-1007.

  • "Are the Responses of the U.S. Economy Asymmetric to Positive and Negative Money Supply Shocks?" (with A. Serletis). Open Economies Review 27 (2016), 303-316.

  • "A Note on Leverage and the Macroeconomy." (with A. Serletis). Macroeconomic Dynamics 20 (2016), 429-445.


  • BUS 705 Seminars in Business Analytics (Ph.D.) - Guest Lecturer
  • ECO 590 Economic Business Analysis (M.B.A.)
  • ECO 535  Forecasting Business Dynamics (M.B.A.)
  • ECO 453 Introduction to Econometrics (Undergraduate)
  • ECO 316 Intermediate Macroeconomics (Undergraduate)
  • ECO 216 Principles of Macroeconomics (Undergraduate)