Haider, Adnan; Jan, Asad; Hyder, Kalim - In: Lahore Journal of Economics 18 (2013) 2, pp. 65-119
This study attempts to identify a stable money demand function for Pakistan’s economy, where the monetary aggregate is … imprecise estimations, we find that money demand in Pakistan is stable, if specified properly. For developing countries such as … Pakistan, it is important to target monetary aggregates or respond to deviations from the desirable path if monetary policy is …