Hidden Bibliographic Details
| Other authors / contributors: | Schimmelpfennig, Axel, author.
International Monetary Fund. Middle East and Central Asia Department.
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| ISBN: | 1283517442
9781283517447
9781451908565
1451908563
9781451863208
1451863209
1462349811
9781462349814
1452716854
9781452716855
9786613829894
6613829897
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| Digital file characteristics: | text file
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| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the private sector), the exchange rate, as well as the wheat support price as a supply-side factor that has received considerable attention in Pakistan. The model is estimated for the period January 1998 to June 2005 on a monthly basis. The results indicate that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year. Changes in the wheat support price influence inflation in the short run, but not in the long run. Furthermore, the wheat support price matters only over the medium term if accommodated by monetary policy.
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| Other form: | Print version: Khan, Mohsin S. Inflation in Pakistan. [Washington, D.C.] : International Monetary Fund, Middle East and Central Asia Dept., 2006
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| Standard no.: | 10.5089/9781451908565.001
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