04254oam 22010454 450 991096875090332120250426110258.0978661382989497814623498141462349811978145271685514527168549781283517447128351744297814519085651451908563(CKB)3360000000443915(EBL)3014333(SSID)ssj0000941485(PQKBManifestationID)11492044(PQKBTitleCode)TC0000941485(PQKBWorkID)10964023(PQKB)10378719(OCoLC)698585527(IMF)WPIEE2006060(MiAaPQ)EBC3014333(IMF)WPIEA2006060WPIEA2006060(EXLCZ)99336000000044391520020129d2006 uf 0engur|n|---|||||txtccrInflation in Pakistan : Money or Wheat? /Mohsin Khan, Axel Schimmelpfennig1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (28 p.)IMF Working Papers"March 2006."9781451863208 1451863209 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. BASIC ELEMENTS OF THE MODEL""; ""III. EMPIRICAL RESULTS""; ""IV. WHY WORRY ABOUT INFLATION?""; ""V. SUMMARY AND CONCLUSIONS""; ""References""This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the private sector), the exchange rate, as well as the wheat support price as a supply-side factor that has received considerable attention in Pakistan. The model is estimated for the period January 1998 to June 2005 on a monthly basis. The results indicate that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year. Changes in the wheat support price influence inflation in the short run, but not in the long run. Furthermore, the wheat support price matters only over the medium term if accommodated by monetary policy.IMF Working Papers; Working Paper ;No. 2006/060Inflation (Finance)PakistanEconometric modelsFinancePakistanEconometric modelsAgricultural pricesimfAgriculture: Aggregate Supply and Demand AnalysisimfConsumer price indexesimfDeflationimfInflationimfMacroeconomicsimfMonetary baseimfMonetary economicsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMoney and Monetary PolicyimfMoney supplyimfPrice incentivesimfPrice indexesimfPrice LevelimfPricesimfPakistanimfInflation (Finance)Econometric models.FinanceEconometric models.Agricultural pricesAgriculture: Aggregate Supply and Demand AnalysisConsumer price indexesDeflationInflationMacroeconomicsMonetary baseMonetary economicsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMoney and Monetary PolicyMoney supplyPrice incentivesPrice indexesPrice LevelPricesKhan Mohsin1809073Schimmelpfennig Axel1190900International Monetary Fund.Middle East and Central Asia Dept.DcWaIMFBOOK9910968750903321Inflation in Pakistan4372526UNINA