Income-Specific Inflation Rates in Pakistan

Persistence in International Inflation Rates

We test for fractional dynamics in CPI-based inflation rates for twenty-seven countries and WPI-based inflation rates for twenty-two countries. The fractional differencing parameter is estimated using semiparametric and approximate maximum likelihood methods. Significant evidence of fractional dynamics with long-memory features is found in both CPIand WPI-based inflation rates for industrial as...

Patterns of Inflation Rates and Inflation Uncertainty in Quantile Regression

In contrast to conventional conditional mean approaches, this study uses quantile regression techniques to present some new statistical evidence on the link between inflation uncertainty and the level of inflation with cross sectional data in 161 countries for period from 1961-2002. We find new evidence that suggests positive inflation shocks have stronger impacts on inflation uncertainty acros...

INCOME POLARIZATION IN PAKISTAN Measurement and Decomposition

Polarization in context of income distribution refers to the decline of middle class. The empirical analysis of polarization is quite unexplored area in Pakistan. The present paper measures polarization for Pakistan and its rural and urban segments and the novel concept of time-decomposition of polarization has also been applied for the first time in Pakistan for the three latest survey years o...

Unemployment, Inflation and Income Distribution: A Cross- country Analysis

This is the first study to attempt to explain income inequality using unemployment and inflation and international cross-sectional data. Using a SURE system, inflation is found to have an increasing impact on the shares of the lower 80% of the income distribution, while reducing the share of the highest 20%. Unemployment has a negative effect on the share of the first 40%, while increases the s...

Inflation , Unemployment and the NAIRU in Pakistan ( 1975 - 2009 )