Inflation appears to have emerged as a perennial phenomenon in Bangladesh in the recent past. High inflationary trend that began to show up since the second quarter of FY2010 continued throughout FY2011 and FY2012. In this regard, an empirical examination to explore the major sources of...

This study estimates degree of intrinsic inflation persistence in Pakistan using aggregate price index, group level price indices, and individual commodity prices. We find no evidence of a unit root in (MoM) inflation at any level, except for house rent. Using monthly data from 1959 to 2011 we...

The purpose of this paper is to empirically analyze the effects of the quality of institutions on inflation. Using panel data from 1991 to 2007, we find that increase in institutional development which is measured by the ratio of domestic credit to private sector to GDP has significant and...

This paper investigates the impact of inflation, nominal exchange rate, FDI and capital stock on economic growth of Pakistan by using time series data for the period of 1975-2011. Augmented Dickey Fuller (ADF) test is applied to check the stationary of variables. All variables found stationary...

This paper provides new insights into the relationship between the supply of credit and the macroeconomy. We present evidence that credit shocks constitute shocks to aggregate supply in that they have a permanent effect on output and cause inflation to rise in the short term. Our results also...

During 2002, the discrepancy between the official inflation rate and that perceived by consumers picked up to an all time record in the Eurozone. A measure of this misperception is provided by the results of the monthly qualitative consumer surveys carried out by the European Commission. Of...

This book is a collection of papers presented by eminent economists and social scientist during the two days national conference under the title "Socio-Economic Challenges Faced by Pakistan" held on 2nd & 3rd June 2008 at the Convention Centre of the International Islamic University (IIU),...

A short article which motivates the use of a fan chart in the communication of forecasts, with special emphasis on inflation forecasts. A fan chart for Maltese HICP inflation projections is built, using the history of forecast errors.

This paper explores the relationship between the level of inflation, inflation variability, and output performance in the Venezuelan economy for the period 1951-2002. The paper examines the mechanism through which higher inflation translates into lower non-oil real GDP growth. We find empirical...

This paper estimates a coefficient of pass through for Costa Rica and tries to determine the importance of some factors that had been pointed out by several empiric studies as probable determinants (GDP gap, real exchange rate deviation from equilibrium, economy openness, and inflationary lag)....