Munir, Kashif - In: Contemporary economics 14 (2020) 2, pp. 162-181
This paper analyzes the effectiveness of monetary policy on money and credit in Pakistan by using the data rich … that after a positive shock in interest rate (discount rate), M0 and M1 do not show any significant response, while M2 … public sector enterprises and M2. An increase in interest rate discourages private sector which leads to slowdown in the …