Dr. Muhammad Azmat Hayat holds a Ph.D. degree in Economics from University of Science and Technology of Lille (France). Prior to joining the University of the Punjab, he served at the State Bank of Pakistan (SBP). He was awarded Department Commitment Award (two times) and Organizational Competence Award (one time) for his outstanding performance at SBP. Dr. Hayat has presented his research work in many international conferences in Europe and Russia. He has published ar- ticles in internationally reputed journals like European Journal of Political Economy and Te World Economy. His teaching and research interests include Applied Econometrics, Monetary Economics, Macro-economics and Quantitative Tech- niques. He is serving as Assistant Managing Editor of Pakistan Economic and Social Review (HEC recognized research journal of the Department of Economics). He is also HEC approved supervisor for M.Phil / Ph.D.