The Economics of Inflation, Issues in the Design of Monetary Policy Rule, and Monetary Policy Reaction Function in Pakistan
نویسندگان
چکیده
منابع مشابه
Monetary Policy in Iran: The Challenge of Reducing Inflation
The conduct of monetary policy in an oil economy with a managed floating exchange rate regime can be challenging in an environment of fiscal dominance and incomplete transition to a market economy. The Five-Year Development Plans provide a natural benchmark against which to assess monetary policy performance in Iran. Price stability has proved elusive, with liquidity growth targets constan...
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After the recent financial crisis, especially the financial crisis 2008, This raises the important question of what is the role of monetary policy in occurrence and prevention of the financial instability? so, this paper investigate the dynamics impact of monetary policy on the stock market returns and instability using Structural Vector Autoregression (SVARs) model During the period 1992:q2...
متن کاملThreshold Effects in the Monetary Policy Reaction Function: Evidence from Central Bank of Iran
Determining how monetary policy makers react to changes in key economic variables has been of major interest to monetary economists. Estimates of monetary policy rules (reaction functions) are a widely used method for doing this. Behavior differs under different policy regimes, as in rule-based systems or chronic inflation. In practice, estimates of instrument rules have been used to descri...
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ژورنال
عنوان ژورنال: THE LAHORE JOURNAL OF ECONOMICS
سال: 2011
ISSN: 1811-5446
DOI: 10.35536/lje.2011.v16.isp.a9