کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5053244 | 1476506 | 2017 | 21 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The relevance and relative robustness of sources of inflation bias in Pakistan
ترجمه فارسی عنوان
ارتباط و استحکام نسبی منابع بی نظمی تورمی در پاکستان
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
We empirically examine the relevance and relative robustness of stabilization and non-stabilization sources of inflation bias for the typical discretionary monetary policy strategy of Pakistan. First, the stabilization and non-stabilization sources of inflation bias are identified, and their proxy variables are constructed. Second, a robustness evaluation strategy is developed based on bivariate and multivariate analysis of cointegrating relationships among inflation bias indicators and potential sources thereof to determine their long-term relevance and relative robustness or fragility. The stabilization sources of inflation bias such as exploitation of the inflation output trade-off for growth stimulation and the central bank's preference for growth stabilization are the most relevant and relatively robust sources of inflation bias vis-Ã -vis the non-stabilization sources. Among the non-stabilization sources, only openness is partially relevant but is fragile.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 63, June 2017, Pages 283-303
Journal: Economic Modelling - Volume 63, June 2017, Pages 283-303
نویسندگان
Zafar Hayat, Faruk Balli, Muhammad Rehman,