This paper attempts to investigate the linkage between the excess money supply growth and inflation in Pakistan and to … test the validity of the monetarist stance that inflation is a monetary phenomenon. The results from the correlation … analysis indicate that there is a positive association between money growth and inflation. The money supply growth at first …

In this study we quantified the welfare cost of inflation from the estimated long-run money demand functions for … negatively related to the interest rate. The welfare gain of moving from positive inflation to zero inflation is approximately …. Moving from zero inflation to zero nominal interest rate has substantial gain under log-log form compared to the semi …

In this paper, we quantify welfare costs of inflation for Pakistan for the period 1960-2007 using semi-log and double …-log money demand functions. We find that the welfare gain of moving from positive inflation to zero inflation is approximately … interest rates. Moving from zero inflation to zero nominal interest rate has a substantial gain under double-log form compared …

inflation rate effect on financial development for low income countries. The study focuses on both the indirect finance and the … inflation and financial development interaction variable indicate that financial sector development is actually harmful for … economic growth when inflation is rising. Second, in contrast with the recent evidence of Beck and Levine (2003), use of more …

This paper presented the salient features of current Monetary Policy and its effectiveness to control inflation in … Pakistan. The monetary authority was successful in controlling inflation when it successfully controlled the money supply … concluded that in the recent years SBP failed to control money supply and hence rate of inflation within the set target level …

The P-star inflation model is based on the long-term quantity theory of money and puts together the long …-term determinants of the price level and the short-run changes in current inflation. The P-star model-based indicator has replaced the … calculate the leading indicator of inflation, and also to test the forecasting performance of the P-star model-based leading …