Husain, Fazal and Mahmood, Tariq (1998): Causality between Money and Prices:Evidence from Pakistan. Published in: Pakistan Development Review , Vol. 37, No. 4 pt. II (1998): pp. 1155-1161.
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This paper re-examines the causal relationship between money and prices in Pakistan using recent data on money and prices and taking care of time series properties. The results of the paper suggest a unidirectional causality running from money to prices. Further, it seems that the monetary expansion has a greater impact on wholesale sale prices compared to CPI.
| Item Type: | MPRA Paper |
|---|---|
| Institution: | Pakistan Institute of Development Economics |
| Language: | English |
| Keywords: | Money; prices |
| Subjects: | E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E30 - General E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General |
| ID Code: | 2720 |
| Deposited By: | Zafar Javed Naqvi |
| Deposited On: | 07. Jun 2007 |
| Last Modified: | 07. Nov 2007 02:41 |
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