Khan, Muhammad Arshad; Ahmed, Ayaz - In: The Pakistan Development Review 50 (2011) 4, pp. 491-511
to track the impact of oil and food price shocks to Pakistan‘s economy. Results suggest that oil price shock affects … also supports the findings based on generalised impulse response functions. The result clearly reveals that oil and food … price shocks significantly affect output, short-term interest rate, inflation rate and real effective exchange rate. However …