Pakistan: Breaking out of stagflation into sustained growth
This paper proposes that the underlying cause of the macroeconomic problems facing Pakistan today are a series of supply shocks which have constrained output growth. It is argued that while the current debate has solely focused on government expenditures and revenues, it is critical to also address the acute energy shortages which is constraining supply. The paper goes on to present four recommendations for breaking out of the present stagflation: (i) prudent macroeconomic management, (ii) reviving the role of the government in development while restoring fiscal balance, (iii) loosening monetary policy in order to spur the private sector, and (iv) improving social safety nets.
|Date of creation:||2011|
|Publication status:||Published in The Lahore Journal of Economics 16 (2011): pp. 13-30|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Muhammad Arshad Khan & Muhammad Abdul Qayyum, 2007.
"Trade, Financial and Growth Nexus in Pakistan,"
Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016),
Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 6, pages 1-24, December.
- Qayyum, Abdul & Khan, Sajawal & Khawaja, Idrees, 2005.
"Interest Rate Pass-through in Pakistan: Evidence from Transfer Function Approach,"
2056, University Library of Munich, Germany, revised 2005.
- Abdul Qayyum & Sajawal Khan & Idrees Khawaja, 2005. "Interest Rate Pass-through in Pakistan: Evidence from Transfer Function Approach," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 975-1001.
- Robert B. Barsky & Lutz Kilian, 2001.
"Do We Really Know that Oil Caused the Great Stagflation? A Monetary Alternative,"
NBER Working Papers
8389, National Bureau of Economic Research, Inc.
- Robert B. Barsky & Lutz Kilian, 2002. "Do We Really Know that Oil Caused the Great Stagflation? A Monetary Alternative," NBER Chapters, in: NBER Macroeconomics Annual 2001, Volume 16, pages 137-198 National Bureau of Economic Research, Inc.
- repec:pid:wpaper:2010:2 is not listed on IDEAS
- Amjad, Rashid & Din, Musleh ud, 2010.
"Economic and social impact of global financial crisis: implications for macroeconomic and development policies in South Asia,"
38150, University Library of Munich, Germany.
- Rashid Amjad & Musleh ud Din, 2010. "Economic and Social Impact of Global Financial Crisis: Implications for Macroeconomic and Development Policies in South Asia," PIDE Monograph Series 2010:2, Pakistan Institute of Development Economics.
- Brunner, Karl & Cukierman, Alex & Meltzer, Allan H., 1980. "Stagflation, persistent unemployment and the permanence of economic shocks," Journal of Monetary Economics, Elsevier, vol. 6(4), pages 467-492, October.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33812. See general 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: (Joachim Winter)
If references are entirely missing, you can add them using this form.