Tarron Khemraj

Tarron Khemraj

Associate Professor of Economics
William G. & Marie Selby Chair

Ph.D., New School for Social Research
M.A., University of Manchester
B.Soc.Sc., University of Guyana

Professor Khemraj is an applied macro-economist whose research focuses on problems in monetary economics, development finance and open economy macroeconomics. He also studies the political economy roots of underdevelopment and the economic origin of democratic institutions. His work tends to be eclectic drawing from various traditions of economics including Post Keynesians, Old Keynesians, Old and New Institutional Economics, Neo-Structuralists and models of imperfect competition from the neo-classical tradition. His primary teaching interests are Development Economics, Econometrics, and Money, Banking and Financial Markets.

He serves as a Research Associate at the Caribbean Centre for Money and Finance, University of the West Indies, Trinidad and Tobago. He writes numerous invited columns for the Stabroek News in Guyana and other media outlets. He also serves as external master’s and doctoral thesis examiner for University of West Indies, Cave Hill Campus, Barbados and University of Witwatersrand, Johannesburg, South Africa.

Recent Courses
International Economics
Development Economics
Political Economy

Selected Publications
“Bank liquidity preference and the investment demand constraint,” Economic Modelling, Forthcoming

“Determinants of bid-ask spread in the Guyanese foreign exchange market,” Journal of Developing Areas, Forthcoming (co-authored with Sukrishnalall Pasha)

"Dual nominal anchors in the Caribbean," Journal of Economic Studies, Vol. 39 Iss: 4, pp.420 – 439, 2012 (co-authored with Sukrishnalall Pasha)

"Analysis of an unannounced foreign exchange regime change," Economic Systems, Vol. 36, No. 1, 2012 (co-authored with Sukrishnalall Pasha)

“Dynamic interaction of bank assets in two foreign currency constrained economies.” Journal of Business, Finance and Economics in Emerging Economies, Vol. 6, No. 1, 2011. (co-authored with R. Brian Langrin)

“What does excess bank liquidity say about the loan market in Less Developed Countries?” Oxford Economic Papers, Vol. 62, No. 1, 2010

“Excess liquidity and the foreign currency constraint: the case of monetary management in Guyana,” Applied Economics, Vol. 41, No. 16, 2009

“The missing link: the finance-growth nexus and the Guyanese growth stagnation,” Social and Economic Studies, Vol. 57, Nos. 3&4, 2008

“Okun's law and jobless growth,” Policy Note No. 3, Schwartz Centre for Economic Policy Analysis, The New School for Social Research, March 2006 (co-authored with Willi Semmler and Jeff Madrick).

Working Papers and Current Research

Monetary Economics in Emerging Economies, book manuscript in progress

“Testing for the credit crunch in Trinidad and Tobago using an alternative method,” (co-authored with Keyra Primus)

“Bi-communalism and the economic origins of democracy: a case study”

“Excess reserves and monetary policy with a lower-bound lending rate,” (co-authored with Christian R. ProaƱo)

“Are DSGE models applicable to developing economies?”

“Elected oligarchy and economic underdevelopment: the case of Guyana,” (co-authored with Diana Hinova)

Contact Information

New College of Florida
Division of Social Sciences
5800 Bay Shore Road
Sarasota, FL 34243-2197

(941) 487-4422

Office of the Provost
New College of Florida
5800 Bay Shore Road
Sarasota, Florida  34243

Phone: (941) 487-4200
Fax: (941) 487-4201