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 paper investigates the determination of inflation in the framework of an open economy forward-looking as well as … that the output gap is significant in explaining the inflation rate in almost all the countries. Furthermore, at least one … measure of international competitiveness has a statistically significant influence on inflation in all the countries. The …

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