Inflation management is one of the hardest tasks an economic policymaker has to undertake. It appears, at first sight …, that one can rely entirely on commonsense to carry out this task. But that will be a cardinal mistake. While inflation … understanding of economic theory. This paper tries to bring together the formal analytics that underlie inflation policy. It surveys …

Standard errors (S.Es.) of month on month and year on year inflation in Pakistan are estimated based on data for the … mechanism is developed to estimate S.E. of period average headline inflation using these approaches. This mechanism is then … applied to estimate S.Es. of 12-month average inflation in Pakistan for July 2003 to June 2010. The systematic changes in the …

This study estimates degree of intrinsic inflation persistence in Pakistan using aggregate price index, group level …

in developing countries have multiple equilibria – the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …