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Substitutability of Pakistan's Monetary Assets under Alternative Monetary Aggregates

Author

Listed:
  • M AYNUL HASAN

    (Economics at Acadia University,)

  • S. GHULAM KADIR

    (State Bank of Pakistan, Karachi, Pakistan.)

  • S. FAKHRE MAHMUD

    (Economics at Acadia University,)

Abstract

This paper's main objective is to empirically investigate whether or not the use of the simple-sum aggregate is justified in the context of Pakistan's economy and also to determine the degree of substitutability of monetary assets.

Suggested Citation

  • M Aynul Hasan & S. Ghulam Kadir & S. Fakhre Mahmud, 1988. "Substitutability of Pakistan's Monetary Assets under Alternative Monetary Aggregates," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 27(3), pages 317-326.
    • Handle: RePEc:pid:journl:v:27:y:1988:i:3:p:315-326
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    File URL: http://www.pide.org.pk/pdf/PDR/1988/Volume3/317-326.pdf
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    References listed on IDEAS

    as
    1. William A. Barnett & Edward Offenbacher & Paul Spindt, 2000. "New Concepts of Aggregated Money," Contributions to Economic Analysis, in: The Theory of Monetary Aggregation, pages 150-159, Emerald Group Publishing Limited.
    2. Clements, Kenneth W. & Nguyen, Phuong, 1980. "Economic monetary aggregates--comment," Journal of Econometrics, Elsevier, vol. 14(1), pages 49-53, September.
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    Cited by:

    1. International Monetary Fund, 2005. "Three Attempts at Inflation Forecasting in Pakistan," IMF Working Papers 2005/105, International Monetary Fund.

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