IDEAS home Printed from https://ideas.repec.org/a/pid/journl/v30y1991i4p931-941.html

Endogeneity of Monetary Policy Reaction Function: An Experience from Pakistan's Economy

Author

Listed:
  • M. Aynul Hasan

    (Department of Economics, the Acadia University, Canada.)

  • Qazi Masood Ahmed

    (Applied Economics Research Centre, University of Karachi, Karachi.)

Abstract

No abstract is available for this item.

Suggested Citation

  • M. Aynul Hasan & Qazi Masood Ahmed, 1991. "Endogeneity of Monetary Policy Reaction Function: An Experience from Pakistan's Economy," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 30(4), pages 931-941.
    • Handle: RePEc:pid:journl:v:30:y:1991:i:4:p:931-941
    as

    Download full text from publisher

    File URL: http://www.pide.org.pk/pdf/PDR/1991/Volume4/931-941.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Stephen M. Goldfeld & Alan S. Blinder, 1972. "Some Implications of Endogenous Stabilization Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 3(3), pages 585-644.
    2. Thomas Havrilesky, 1967. "A Test of Monetary Policy Action," Journal of Political Economy, University of Chicago Press, vol. 75(3), pages 299-299.
    3. Froyen, Richard T., 1974. "A test of the endogeneity of monetary policy," Journal of Econometrics, Elsevier, vol. 2(2), pages 175-188, July.
    4. NAJAM us SAQIB & ATTIYA YASMIN, 1987. "Some Econometric Evidence on the Relative Importance of Monetary and Fiscal Policy in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 26(4), pages 541-551.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Khan, Abdul Aleem & Ahmed, Qazi Masood & Hyder, Kalim, 2007. "Determinants oF Recent Inflation in Pakistan," MPRA Paper 16254, University Library of Munich, Germany, revised 2007.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ohlsson, Henry, 1992. "Job creation measures as activist fiscal policy -- an empirical analysis of policy reaction behavior," European Journal of Political Economy, Elsevier, vol. 8(2), pages 269-280, May.
    2. Marco J. Lombardi & Feng Zhu, 2018. "A Shadow Policy Rate to Calibrate U.S. Monetary Policy at the Zero Lower Bound," International Journal of Central Banking, International Journal of Central Banking, vol. 14(5), pages 305-346, December.
    3. Jim Granato, 1996. "The Effect of Policy-Maker Reputation and Credibility on Public Expectations," Journal of Theoretical Politics, , vol. 8(4), pages 449-470, October.
    4. Janice C. Eberly & James H. Stock & Jonathan H. Wright, 2020. "The Federal Reserve's Current Framework for Monetary Policy: A Review and Assessment," International Journal of Central Banking, International Journal of Central Banking, vol. 16(1), pages 5-71, February.
    5. Michael Michaely, 1971. "An Over-all View of Policy Patterns," NBER Chapters, in: The Responsiveness of Demand Policies to Balance of Payments: Postwar Patterns, pages 30-70, National Bureau of Economic Research, Inc.
    6. Vafa Moayedi, 2013. "Reassessing The Effect Of Fiscal And Monetary Policies In Iran: The St. Louis Equation Revisited," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(4), pages 123-141, December.
    7. Marco Del Negro & Michele Lenza & Giorgio E. Primiceri & Andrea Tambalotti, 2020. "What's Up with the Phillips Curve?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 51(1 (Spring), pages 301-373.
    8. Wolfgang Pollan, 2012. "Incomes Policies, Expectations and the NAIRU," WIFO Working Papers 433, WIFO.
    9. Philippe Rouzier, 1978. "L’approche séquentielle du déséquilibre dans les modèles de stocks et de flux," L'Actualité Economique, Société Canadienne de Science Economique, vol. 54(2), pages 234-248.
    10. Syed Ammad & Sabihuddin Butt & Shaista Alam, 2012. "Fiscal Responsiveness, Persistence and Discretion: A Case Study of Pakistan," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(45), pages 227-244, September.
    11. Benjamin M. Friedman, 2007. "What We Still Don't Know about Monetary and Fiscal Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 38(2), pages 49-74.
    12. Sunday Osahon Igbinedion & Frank Iyekoretin Ogbeide, 2016. "Monetary Policy and Manufacturing Capacity Utilization: Further Evidence from Nigeria," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 14(2), pages 159-174.
    13. Nicholas Rowe, 2002. "How to Improve Inflation Targeting at the Bank of Canada," Staff Working Papers 02-23, Bank of Canada.
    14. David Hakes, 1988. "Monetary policy and presidential elections: A nonpartisan political cycle," Public Choice, Springer, vol. 57(2), pages 175-182, May.
    15. Schmöller, Michaela & Goldfayn-Frank, Olga & Schmidt, Tobias, 2025. "Beyond the short run: Monetary policy and innovation investment," Discussion Papers 18/2025, Deutsche Bundesbank.
    16. Benjamin M. Friedman, 1981. "Debt and Economic Activity in the United States," NBER Working Papers 0704, National Bureau of Economic Research, Inc.
    17. Benjamin M. Friedman, 1982. "Debt and Economic Activity in the United States," NBER Chapters, in: The Changing Roles of Debt and Equity in Financing U.S. Capital Formation, pages 91-110, National Bureau of Economic Research, Inc.
    18. Hafer, R. W., 1985. "Choosing between M1 and debt as an intermediate target for monetary policy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 22(1), pages 89-132, January.
    19. Stephen K. McNees, 1992. "A forward-looking monetary policy reaction function: continuity and change," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 3-13.
    20. Md. Habibur Rahman, 2009. "Relative Effectiveness of Monetary and Fiscal Policies on Output Growth in Bangladesh: A VAR Approach," Working Papers id:2100, eSocialSciences.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pid:journl:v:30:y:1991:i:4:p:931-941. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.