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Article
Economic Growth, Inflation, and Monetary Policy in Pakistan: Preliminary Empirical Estimates
Bond Business School Publications
  • Ahmed M. Khalid, Bond University
Date of this Version
12-1-2006
Document Type
Journal Article
Publication Details
Khalid, Ahmed M. (2006) Economic Growth, Inflation, and Monetary Policy in Pakistan: Preliminary Empirical Estimates is published in the Pakistan Development Review, Volume44, Issue 4, December 2006, pp. 961-974. ,
To view the published article contact the Pakistan Development Review

2006 HERDC submission
Abstract
There is a growing debate in the emerging market on the choice of an appropriate monetary or exchange rate policy that could lead to a sustainable economic growth. Inflation targeting has become one of these policy alternatives and has recently been implemented in some of the emerging markets in Asia and Latin America. Given the recent remarkable economic performance of the Pakistan, this issue has also been discussed at various policy forums in Pakistan. An important pre-condition for the success of inflation-targeting is to identify the leading indicators of inflation and develop a model to reasonably forecast inflation. This is the main objective of this paper. Besides an overview of the experience, the main focus of the paper is to provide some preliminary empirical estimates for inflation equation and its causal relationship with other macroeconomic variables.
Citation Information
Ahmed M. Khalid. "Economic Growth, Inflation, and Monetary Policy in Pakistan: Preliminary Empirical Estimates" (2006)
Available at: http://works.bepress.com/ahmed_khalid/5/