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Monetary Disequilibrium and Inflation. A Monetary Model of Inflation in Pakistan, 1963-82

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  • MD. AKHTAR HOSSAIN

    (Jahangirnagar University, Dhaka)

Abstract
This paper develops and estimates a monetary model of inflation in Pakistan over the 1963 -82 period. Both domestic and external factors are identified as the major determinants of inflation. Dynamic simulation results suggest that the model is able to track the fluctuations of endogenous variables and, most importantly, the inflation explosion during the 1970s is clearly predicted by the inflation equation

Suggested Citation

  • Md. Akhtar Hossain, 1986. "Monetary Disequilibrium and Inflation. A Monetary Model of Inflation in Pakistan, 1963-82," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 25(2), pages 141-162.
    • Handle: RePEc:pid:journl:v:25:y:1986:i:2:p:141-162
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    File URL: http://www.pide.org.pk/pdf/PDR/1986/Volume2/141-162.pdf
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    Cited by:

    1. Abdul Qayyum, 2006. "Money, Inflation, and Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(2), pages 203-212.
    2. Akhtar Hossain, 1990. "The Monetarist versus the Neo-Keynesian Views on the Acceleration of Inflation: Some Evidence from South Asian Countries (with Special Emphasis on Pakistan)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 29(1), pages 19-32.
    3. S. Adnan & H.A.S. BUKHARI & Safdar Ullah KHAN, 2008. "Does Volatility In Government Borrowing Leads To Higher Inflation? Evidence From Pakistan," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(3(5)_Fall), pages 187-202.
    4. Khan, Rana Ejaz Ali & Gill, Abid Rashid, 2007. "Impact of Supply of Money on Food and General Price Indices: A Case of Pakistan," MPRA Paper 16293, University Library of Munich, Germany.

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