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Azharul Islam

Contact Information

If you’d like to learn more about my background, please feel free to view my CV here.


Email: azharulislam@psu.edu
Profiles: Google Scholar; LinkedIn

Welcome to my homepage!

I am an Assistant Teaching Professor of Economics in the School of Business Administration at Penn State Harrisburg and hold a PhD in Economics from the University of Texas at Dallas. My research focuses on business cycle issues, specifically how consumer beliefs about the economy and inflation impact real economic activity, with a primary emphasis on empirical macroeconomics and time series analysis, and a secondary focus on econometrics.

My research work is related both to economic methods and to policy analysis. In one of my research projects, “Decomposition of Consumer Sentiment and the Effects of Its Cyclical Component,” I decompose consumer sentiment into trends and cycles, with cycles representing consumer over-optimism or pessimism. My ongoing work shows that a positive cyclical sentiment shock boosts industrial production while reducing unemployment and inflation expectations. Movements in the different sentiment components, especially the cycles of consumer sentiment have different policy implications with respect to the importance of expectations management and communication.

Before relocating to the United States in 2017, I served as a Lecturer in Economics at Stamford University Bangladesh from 2014 to 2017.

Recent Updates

  • August 2026: TLT New Faculty Recognition Award, Penn State Teaching and Learning with Technology.
  • August 2026: Presented at Commonwealth Connections: Instructor Day, Penn State Faculty Development Conference.
  • 2026–2027: AI in Instruction Microgrant, Penn State (PI).
  • 2026–2027: Program/Large Course Transformation Grant, Penn State (Co-PI).
  • May 2026: Published “From Beliefs to Prices: Analyzing How Inflation Expectations Affect Inflation Distribution” in the Journal of Economic Dynamics and Control.
  • January 2026: Presented at the American Economic Association Annual Meeting.