Dr Ahmed Pirzada

Dr Ahmed Pirzada

Dr Ahmed Pirzada
Senior Teaching Associate

G.06 (25-27 Belgrave Road),
The Priory Road Complex, Priory Road, Clifton
(See a map)


Telephone Number (0117) 42 82453

Department of Economics

Personal profile

I recently completed my PhD in Economics from the University of Bristol, UK. Earlier I did my MSc in Economics & Econometrics from the University of Bristol and BSc (Hons) in Economics from the University of Bath. I have also worked as a PhD Intern at the Bank of England; Economic Consultant at the Planning Commission, Government of Pakistan; and, Assistant Economist at the Cambridge Econometrics, UK. 


My PhD research focuses on understanding how intermediate materials prices and energy price uncertainty affects inflation dynamics in New Keynesian DSGE models. Specifically, together with Engin Kara, I extend the standard New Keynesian model to allow of endeogenous production of intermediate materials. We show that the estimation results from the new model are closer to the micro-data on prices. Furthermore, the new model also provides possible explanation for important macroeconomic policy questions. The two questions which my PhD research focused on are the 'missing deflation puzzle' and 'decreasing energy price pass-through to core inflation.'


  • Macroeconomic Theory and Policy (ECON30077)
  • International Economics (ECON30074)
  • Intermediate Economics 1 (EFIM20008)
  • Economic Principles 1 (EFIM10010)
  • Quantitative Methods for Economics, Finance and Management (ECONM1012)
  • Mathematical and Statistical Methods 1 (EFIM10008)
  • Mathematical and Statistical Methods 2 (EFIM10009)
Office Hours: 12:30-13:30 (Wednesday) and 14:30-15:30 (Friday)
Office: 25/27 Belgrave Road, Room 1.01

Fields of interest

Macroeconomics; Monetary Economics; Inflation; New Keynesian.

Latest publications

  1. Mumtaz, H, Pirzada, A & Theodoridis, K, 2018, ‘Non-linear effects of oil shocks on stock prices’. QMUL School of Economics and Finance
  2. Pirzada, A, 2017, ‘Energy Price Uncertainty and Decreasing Pass-through to Core Inflation’.
  3. Kara, E & Pirzada, A, 2016, ‘A Possible Explanation of the Missing Deflation Puzzle’.

Full publications list in the University of Bristol publications system

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