Munich Personal RePEc Archive

Causality between Money and Prices:Evidence from Pakistan

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.

[img]
Preview
PDF
MPRA_paper_2720.pdf

Download (125Kb) | Preview

Abstract

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.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.