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Articles 1 - 8 of 8
Full-Text Articles in Macroeconomics
The Macroeconomic Impacts Of Government Debt In Pakistan, Ateeb Akhter Shah Syed, Kaneez Fatima, Junaid Kamal
The Macroeconomic Impacts Of Government Debt In Pakistan, Ateeb Akhter Shah Syed, Kaneez Fatima, Junaid Kamal
Business Review
This paper examines the Ricardian equivalence hypothesis for Pakistan using a vector error-correction model. The sample period extends from June 2002 to January 2020. The results are reported using variance decompositions and impulse response functions. The base model contains six variables and is estimated with 4 lags. We find support for the idea that wealth does not increase as government debt increases; Hence, it proves the fact that economic agents are rational actors and foresee current expansionary actions of the government that result in accumulation of debt as the present value of future taxation that they have to pay and …
Empirical Evidences On Pricing Mechanism In Pakistan: A Duration Analysis, Fauzia Sohail, Ambreen Fatima
Empirical Evidences On Pricing Mechanism In Pakistan: A Duration Analysis, Fauzia Sohail, Ambreen Fatima
Business Review
This study evaluates the price setting behavior across main cities of Pakistan by employing the micro data from retail price survey. The most contemporary research technique of Duration Analysis is employed where survivor functions are estimated by most illustrious nonparametric Kaplan-Meier and Nelson-Aalen Estimators. Hazard Functions for various product groups are also estimated by employing parametric Weibull Hazard Model. Results confirm that perishable food items have shortest duration of one week for most of the spells, where government regulation caused prices to change more frequently. It is found that on average small cities faced lower hazard and thus comparably lesser …
The Impact Of Covid-19 On Stock Market And Exchange Rate Uncertainty In Pakistan, Ateeb Akhter Shah Syed, Kaneez Fatima, Mannan Zaheer
The Impact Of Covid-19 On Stock Market And Exchange Rate Uncertainty In Pakistan, Ateeb Akhter Shah Syed, Kaneez Fatima, Mannan Zaheer
Business Review
This paper examines the impact of coronavirus (COVID-19) on exchange rate (EXU) and stock market uncertainty (SMU) in Pakistan while controlling for the effects of interest rate and policy interventions by the Government and the Central bank to combat the pandemic. We employ the vector autoregressive (VAR) model over a sample period ranging from February 25, 2020 to May 6, 2021. We find that a shock to total daily coronavirus cases in Pakistan has a positive and significant impact on both the EXU and SMU. However, this impact is short-lived which may be attributed to a timely policy response and …
Short Notes On The Economy During The Covid-19 Crisis, Asma Hyder (Ed.)
Short Notes On The Economy During The Covid-19 Crisis, Asma Hyder (Ed.)
Faculty Research - Books
The coronavirus – COVID-19 – pandemic has had a huge, catastrophic, impact on the global economy and on economies of almost all countries. Even those countries which were posting record-breaking profits just four weeks ago, such as the US and Germany, are now faced with a substantial fall in incomes, earning, employment and profits. From record low unemployment levels, these countries are already projecting a huge spike in unemployment, and all indicators suggest that a global recession is now imminent.
A Retrospective Insight Into Pakistan's Exchange Rate Regimes And Their Impact On The Economy, Lalarukh Ejaz, Madeeha Akhtar
A Retrospective Insight Into Pakistan's Exchange Rate Regimes And Their Impact On The Economy, Lalarukh Ejaz, Madeeha Akhtar
Business Review
Nuclear tests carried out by Pakistan in May 1998 had a distinctive impact on the evolution of the exchange rate. This case describes what happened to the exchange rate before and after the nuclear tests and focuses on the overall impact of Pakistan’s transition from a hostile relationship with the US in the post-Cold War era to becoming an ally of the US in the war on terror. This case can be used to study the concepts of real and nominal exchange rates, the linkage between exchange rate policy and external balance, how exchange rate can be used as a …
What Lies At The Core Of Core Inflation? An Empirical Analysis To Identify The Determinants Of Core Inflation In Pakistan, Mehwish Ghulam Ali, Muhammad Ather Elahi, Qazi Masood Ahmed
What Lies At The Core Of Core Inflation? An Empirical Analysis To Identify The Determinants Of Core Inflation In Pakistan, Mehwish Ghulam Ali, Muhammad Ather Elahi, Qazi Masood Ahmed
Business Review
Core inflation leads to erosion of purchasing power and distorts income distribution in favor of the rich and the creditors. Further, it aggravates poverty due to its regressive effect. By targeting core inflation, the Central Bank attempts to reduce poverty and improve income distribution. The Central Bank does and should target core inflation for the aforementioned objectives, hence it becomes necessary to identify if factors apart from monetary policy affect core inflation. This paper aims to identify the determinants of core inflation in Pakistan. This study is motivated by the lack of work done in identifying the determinants of core …
Study Of Economic Development Of Pakistan Through Stock Market: Causal Relationship Of Stock Prices And Macroeconomic Indicators, Rizwan Raheem Ahmed, Yaseen Ahmed Meenai, Fazal Hussain
Study Of Economic Development Of Pakistan Through Stock Market: Causal Relationship Of Stock Prices And Macroeconomic Indicators, Rizwan Raheem Ahmed, Yaseen Ahmed Meenai, Fazal Hussain
Business Review
The purpose of the research is to examine the causal relationship between stock prices and the variables representing the real sector of the economy for example real GDP, and real investment, in Pakistan. In this study, annual data is used (quarter-wise) from December 1980 to June 2007 and the correlation analysis has been applied, to investigate the relationship. For better understanding of the Market’s Behavior, data has been grouped in to Liberalization periods; Preliberalization and Post-Liberalization. The stock market in Pakistan provides an average quarterly return of 2.86%.The average annual growths in real variables are just lower than 1% for …
Adjustment In Africa: Lessons From Country Case Studies, Ishrat Husain, Rashid Faruqee
Adjustment In Africa: Lessons From Country Case Studies, Ishrat Husain, Rashid Faruqee
Faculty Research - Books
This report provides an assessment of structural adjustment policies undertaken by seven African countries in the mid-1980s. This report is distinct from other studies on this subject. First, it emphasizes the specific economic and social circumstances of each country that led to the adoption of an adjustment program. Second, it measures and analyzes the extent to which the adjustment policies were, in fact, implemented in each case. Finally, the report attempts to assess economic performance in relation to the strength of the implementation of policy reforms.