Public debt is an important means of bridging government financing gaps. Effective and efficient utilization of public debt can increase economic growth. However, excessive reliance on public debt raises macroeconomic problems. A large gap between revenue and expenditure forces a country to...

This dissertation takes on some important issues related with national accounts of Pakistan including (a) re-estimation of past series of national accounts (prior to the year 1999-00) to make it consistent with the new official series for years 1999-00 onward at new base year prices; (b)...

Globalization has been effecting Asian Market economies deeply. All Developed Market economies raised prosperity during the last three decades. However, Pakistan is one of the low income economy in the Asia. Since her neighbour are still giant producers all over the world, the same structure...

High economic growth, price stability and low unemployment are the most enviable macroeconomic goals. The success of government policies is reflected in low inflation and low unemployment. The nature and costs of inflation and unemployment can have vital impact on the economy and society....

In the aftermath of a major financial crisis in the 1990s, price stability has become an important argument of the future monetary policy stance in many emerging economies. As such, emerging economies in Asia and Latin America have switched to inflation targeting as their monetary policy. This...