Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …

This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We … state of the economy. Money reveals some of the private sector’s information to the policymaker, especially if there is a … forward looking element in money demand. We show that observing money can considerably reduce the loss that is due to …

addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …

expected inflation, which in turn, reduces the real interest rate and leads to an increase in private consumption. This paper …

private sectors are having a heavy impact on public finances, meanwhile, on the other hand, the massive amounts of money which …