Monetary and Fiscal Policies Coordination: Pakistan’s Experience

Muhammad Arby () and Muhammad Hanif

SBP Research Bulletin, 2010, vol. 6, 3-13

Abstract: The paper explores how the monetary and fiscal policies have coordinated with each other in Pakistan. It argues that monetary and fiscal policies have been executed independently throughout the study period that is 1964-65 to 2008-09 and there have been very few instances of coordination between the two policies while addressing prevailing economic conditions. The paper does not find any difference between the behavior of monetary and fiscal policies before and after the establishment of Monetary and Fiscal Policies Coordination Board in 1994. Whatever instances of coordination were found were clustered in military regimes; which may be one of the reasons of macroeconomic stability in such regimes.

Keywords: monetary policy; fiscal policy (search for similar items in EconPapers)
JEL-codes: E61 H30 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sbp.org.pk/research/bulletin/2010/vol6/Monetaryandfscalpolicies.pdf (application/pdf)

Related works:
Working Paper: Monetary and fiscal policies coordination - Pakistan's experience (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sbp:journl:42

Access Statistics for this article

More articles in SBP Research Bulletin from State Bank of Pakistan, Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Faisal Saleem ().