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2 The Causes of Inflation
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3 Searching for an Optimal Solution
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7.0 percent Appendix Table assumptions billion or 6.4 budget deficit Chapter Coefficient commodity-producing sectors current prices demand-side direct effects dynamic elasticities effects of various Ex-post exchange rate explanatory variables fight inflation fiscal and monetary Foreign Exchange Reserves Gross Domestic Product grow by 9.0 growth of money growth rate IMF policy package IMF Policy Scenario IMF Scenario import price index import-export gap inflation in Pakistan inflation increases inflation rate inflationary expectations Islamabad large-scale manufacturing sector million rupees Value-added Model of Pakistan's monetary expansion monetary policies money supply nominal optimal solution Pakistani Rupee PIDE Model 1989 PIDE Scenario-I price level rate of inflation rate of monetary real GDP reducing inflation reported in Table rupees at current sector in million Sector to Services services sectors simulating the PIDE SITC structural adjustment supply side supply-side factors three scenarios total effects trade-off U.S. Dollar Value-added in Agriculture Value-added in Manufacturing zero otherwise