Article citationsMore>>

M. A. Khan, “Short-Run Effects of Unanticipated Changes in Monetary Policy: Interpreting Macroeconomic Dynamics in Pakistan,” State Bank of Pakistan Working Paper, Vol. 4, No. 1, 2008, pp. 1-30.

has been cited by the following article:

• TITLE: A Small-Size Macroeconometric Model for Pakistan Economy

  AUTHORS: Muhammad Nadim Hanif, Zulfiqar Hyder, Muhammad Amin Khan Lodhi, Mahmood ul Hassan Khan, Irem Batool

  KEYWORDS: Macroeconometric Model

  JOURNAL NAME: Technology and Investment, Vol.2 No.2, June 3, 2011

  ABSTRACT: This paper attempts to develop a small size macro-econometric model for Pakistan to analyze the effects of monetary policy on key macro variables through forecasting and simulations. The model comprises of 17 equations, out of which 11 are behavioral equations while the rest are either identities or definitional equations. OLS method is used to estimate the behavioral equations by using annual data from FY73-FY06. The paper analyzes results of policy simulations to quantify the impact of shocks to various exogenous variables.