hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is … combining risk and cash holdings. Unlike the model of Tobin, the prices of the underlying exposures are established in actuarial … of percentage returns of the national output …

This work applies the two-stage Factor Augmented Vector Autoregression (FAVAR) developed by Bernanke, Boivin and Eliasz …

This work compares the effectiveness of quantity-based and price-based monetary policies in China using FAVAR. This …

liquidity puzzle in Pakistan while FAVAR model did not provide any evidence of puzzles. FAVAR model supports the effectiveness …This paper examines the effects of monetary policy in Pakistan economy using a data rich environment. We used the … Factor Augmented Vector Autoregressive (FAVAR) methodology, which contains 115 monthly variables for the period 1992:01 to …

for this research is the perception that since the increase in oil prices in the mid 70s, Venezuelan policymakers have … indicate that for the period analyzed, Lucas’s hypothesis explains fairly well why the trade-off between inflation and output …

and non-durables after a monetary policy shock, which is at odds with the empirical evidence. This paper proposes a new … contrast to the standard model where the aggregate hours remain relatively unchanged after the contractionary policy shock …

The objective of the paper is to re-examine the causal relationship between money and prices in Pakistan using recent … data and employing cointegration and error correction models. Two measures of prices (CPI and WPI) and three measures of … relationship between prices and M2 definition of money. The other definitions of money do not seem to be related with prices. The …

This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further … has played a major role in increasing Pakistan’s national income. The study fails to find the active role of money in …

This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further … has played a major role in increasing Pakistan’s national income. The study fails to find the active role of money in …

The paper is a review of possible consequences and challenges presented by high oil prices in Pakistan. Pakistan is … resources. The rising oil prices in the international market has had effected negatively balance of payment position as well as … prices will further aggravate the negative impacts on the economy. …