Income, Money, and Prices in Pakistan: Trends and Interrelationship
AbstractIncome, Money, and Prices are important macroeconomic variables which play crucial roles in an economy. There has been a long debate in economics regarding their roles. For example, the Monetarists claim that money plays an active role and leads to changes in income and prices. In other words, changes in income and prices in an economy are mainly caused by the changes in money stocks. The Keynesians, on the other hand, argue that money does not play an active role in changing income and prices. In fact, changes in income cause changes in money stocks via demand for money. Similarly, changes in prices are mainly caused by structural factors. Although there is disagreement among economist on the roles of income, money, and prices as well as their interrelationship, these variables are considered important and large amount of literature in economics deals with these variables. The purpose of this paper is to look at the trends of these variables in Pakistan’s economy over fifty years. We also look at the components of these variables as well as their interrelationship.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.
Volume (Year): 39 (2000)
Issue (Month): 4 ()
Other versions of this item:
- Husain, Fazal & Abbas, Kalbe, 2000. "Income, Money and Prices in Pakistan: Trends and Interrelationship," MPRA Paper 5033, University Library of Munich, Germany.
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Khurram Iqbal).
If references are entirely missing, you can add them using this form.