Inflation in Pakistan: Money or Wheat?
This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the private sector), the exchange rate, as well as the wheat sup...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2006
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 06/60 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the private sector), the exchange rate, as well as the wheat support price as a supply-side factor that has received considerable attention in Pakistan. The model is estimated for the period January 1998 to June 2005 on a monthly basis. The results indicate that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year. Changes in the wheat support price influence inflation in the short run, but not in the long run. Furthermore, the wheat support price matters only over the medium term if accommodated by monetary policy |
| Beschreibung: | 1 Online-Ressource (28 p) |
| ISBN: | 1451863209 9781451863208 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:23Z |
| indexdate | 2024-07-10T09:35:32Z |
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| spelling | Khan, Mohsin S. Verfasser aut Inflation in Pakistan Money or Wheat? Khan, Mohsin S Washington, D.C International Monetary Fund 2006 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 06/60 This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the private sector), the exchange rate, as well as the wheat support price as a supply-side factor that has received considerable attention in Pakistan. The model is estimated for the period January 1998 to June 2005 on a monthly basis. The results indicate that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year. Changes in the wheat support price influence inflation in the short run, but not in the long run. Furthermore, the wheat support price matters only over the medium term if accommodated by monetary policy Online-Ausg Schimmelpfennig, Axel Sonstige oth http://elibrary.imf.org/view/IMF001/03557-9781451863208/03557-9781451863208/03557-9781451863208.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Khan, Mohsin S. Inflation in Pakistan Money or Wheat? |
| title | Inflation in Pakistan Money or Wheat? |
| title_auth | Inflation in Pakistan Money or Wheat? |
| title_exact_search | Inflation in Pakistan Money or Wheat? |
| title_exact_search_txtP | Inflation in Pakistan Money or Wheat? |
| title_full | Inflation in Pakistan Money or Wheat? Khan, Mohsin S |
| title_fullStr | Inflation in Pakistan Money or Wheat? Khan, Mohsin S |
| title_full_unstemmed | Inflation in Pakistan Money or Wheat? Khan, Mohsin S |
| title_short | Inflation in Pakistan |
| title_sort | inflation in pakistan money or wheat |
| title_sub | Money or Wheat? |
| url | http://elibrary.imf.org/view/IMF001/03557-9781451863208/03557-9781451863208/03557-9781451863208.xml |
| work_keys_str_mv | AT khanmohsins inflationinpakistanmoneyorwheat AT schimmelpfennigaxel inflationinpakistanmoneyorwheat |