Fiscal and Monetary Regime Identification for Price Stability in Case of Pakistan's Economy

The study examines the relative importance of fiscal and monetary determinants of inflation for Pakistan during 1960-2011. By analyzing the impulse response functions, the relationship linking liabilities to GDP with surpluses to GDP, verify monetary regime. The study finds that the incident of weal...

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Veröffentlicht in:	Journal of economic cooperation & development 2014, Vol.35 (3), p.43-70
Hauptverfasser:	Javid, Attiya Y, Arif, Umaima
Format:	Artikel
Sprache:	eng
Schlagworte:	Budget deficits Central banks Deficit financing Discount rates Equilibrium Fiscal policy GDP Gross Domestic Product Inflation Macroeconomics Monetary policy Pakistan Price levels Price stabilization Quantity theory of money Solvency Studies
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