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|
|Original Title:||Causality between Money and Prices:Evidence from Pakistan|
|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
|Depositing User:||Zafar Javed Naqvi|
|Date Deposited:||07. Jun 2007|
|Last Modified:||15. Feb 2013 17:38|