Underground Coal Gasification is the conversion of solid Coal to gas in-situ by heating the coal and injecting oxidants air/oxygen to cause the gasification by partial combustion instead of complete combustion of coal. UCG is the promising technology having a lot of health, safety and...

In this study we quantified the welfare cost of inflation from the estimated long-run money demand functions for Pakistan for the period 1960-2007 using cointegration approach. The empirical results show that all the monetary aggregates are negatively related to the interest rate. The welfare...

In this paper, we quantify welfare costs of inflation for Pakistan for the period 1960-2007 using semi-log and double-log money demand functions. We find that the welfare gain of moving from positive inflation to zero inflation is approximately the same under both money demand specifications but...