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.

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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.

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