Qayyum, Abdul; Bilquees, Faiz - In: The Pakistan Development Review 44 (2005) 2, pp. 117-129
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 previous monetary policy procedures in a number of...