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An Analysis of Pakistan's Macroeconomic Situation and Prospects

Author

Listed:
  • Jesus Felipe

    (Asian Development Bank)

  • Joseph Lim

    (Ateneo de Manila University)

Abstract

During the latter part of 2007 and early 2008, it became obvious that Pakistan’s macroeconomic situation was deteriorating rapidly, and that unless immediate measures were taken, the country may slip into a balance of payments crisis. This paper analyzes Pakistan’s current macroeconomic economic situation, in particular the sizeable budget and current account deficits. It also discusses the effects of the surge in food and oil prices. The paper also evaluates the government’s response to the deteriorating conditions and proposes a number of policy measures.

Suggested Citation

  • Jesus Felipe & Joseph Lim, 2008. "An Analysis of Pakistan's Macroeconomic Situation and Prospects," ADB Economics Working Paper Series 136, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0136
    as

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    References listed on IDEAS

    as
    1. Paul Davidson, 2007. "Can, or Should, a Central Bank Inflation Target?," Palgrave Macmillan Books, in: Interpreting Keynes for the 21st Century, chapter 22, pages 277-291, Palgrave Macmillan.
    2. Robert J. Barro, 1998. "Determinants of Economic Growth: A Cross-Country Empirical Study," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262522543, December.
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    More about this item

    Keywords

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    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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