LEADER 04254oam 22010454 450 001 9910968750903321 005 20250426110258.0 010 $a9786613829894 010 $a9781462349814 010 $a1462349811 010 $a9781452716855 010 $a1452716854 010 $a9781283517447 010 $a1283517442 010 $a9781451908565 010 $a1451908563 035 $a(CKB)3360000000443915 035 $a(EBL)3014333 035 $a(SSID)ssj0000941485 035 $a(PQKBManifestationID)11492044 035 $a(PQKBTitleCode)TC0000941485 035 $a(PQKBWorkID)10964023 035 $a(PQKB)10378719 035 $a(OCoLC)698585527 035 $a(IMF)WPIEE2006060 035 $a(MiAaPQ)EBC3014333 035 $a(IMF)WPIEA2006060 035 $aWPIEA2006060 035 $a(EXLCZ)993360000000443915 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInflation in Pakistan : $eMoney or Wheat? /$fMohsin Khan, Axel Schimmelpfennig 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (28 p.) 225 1 $aIMF Working Papers 300 $a"March 2006." 311 08$a9781451863208 311 08$a1451863209 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. BASIC ELEMENTS OF THE MODEL""; ""III. EMPIRICAL RESULTS""; ""IV. WHY WORRY ABOUT INFLATION?""; ""V. SUMMARY AND CONCLUSIONS""; ""References"" 330 3 $aThis paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the private sector), the exchange rate, as well as the wheat support price as a supply-side factor that has received considerable attention in Pakistan. The model is estimated for the period January 1998 to June 2005 on a monthly basis. The results indicate that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year. Changes in the wheat support price influence inflation in the short run, but not in the long run. Furthermore, the wheat support price matters only over the medium term if accommodated by monetary policy. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/060 606 $aInflation (Finance)$zPakistan$xEconometric models 606 $aFinance$zPakistan$xEconometric models 606 $aAgricultural prices$2imf 606 $aAgriculture: Aggregate Supply and Demand Analysis$2imf 606 $aConsumer price indexes$2imf 606 $aDeflation$2imf 606 $aInflation$2imf 606 $aMacroeconomics$2imf 606 $aMonetary base$2imf 606 $aMonetary economics$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aMoney supply$2imf 606 $aPrice incentives$2imf 606 $aPrice indexes$2imf 606 $aPrice Level$2imf 606 $aPrices$2imf 607 $aPakistan$2imf 615 0$aInflation (Finance)$xEconometric models. 615 0$aFinance$xEconometric models. 615 7$aAgricultural prices 615 7$aAgriculture: Aggregate Supply and Demand Analysis 615 7$aConsumer price indexes 615 7$aDeflation 615 7$aInflation 615 7$aMacroeconomics 615 7$aMonetary base 615 7$aMonetary economics 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aMoney and Monetary Policy 615 7$aMoney supply 615 7$aPrice incentives 615 7$aPrice indexes 615 7$aPrice Level 615 7$aPrices 700 $aKhan$b Mohsin$01809073 701 $aSchimmelpfennig$b Axel$01190900 712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910968750903321 996 $aInflation in Pakistan$94372526 997 $aUNINA