Causality between Money and Prices:Evidence from Pakistan

Fazal Husain () and Tariq Mahmood

MPRA Paper from University Library of Munich, Germany

Abstract: This paper re-examines the causal relationship between money and prices in Pakistan using recent data on money and prices and taking care of time series properties. The results of the paper suggest a unidirectional causality running from money to prices. Further, it seems that the monetary expansion has a greater impact on wholesale sale prices compared to CPI.

Keywords: Money; prices (search for similar items in EconPapers)
JEL-codes: E30 E40 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (2)

Published in Pakistan Development Review 4 pt. II.37(1998): pp. 1155-1161

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Related works:
Journal Article: Causality between Money and Prices: Evidence from Pakistan (1998)
Working Paper: Causality Between Money and Prices: Evidence from Pakistan (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:2720

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