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Throughout Pakistan’s history, policy has sought to promote exports through government support and incentives. The …
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for Pakistan. Using a modified version of Structural Vector Autoregression (SVAR) developed by Enders and Hurn (2007), we …
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The study employs Girton and Roper (1977) measure of exchange market pressure—sum of exchange rate depreciation and foreign reserves outflow, to examine the interaction between exchange market pressure and monetary variables, viz. domestic credit (Reserve Money) and interest rate. Evidence...
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targeting. Calibration results for Pakistan also support these theoretical findings and point towards inadequacy of using …
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