Terms-of-Trade Volatility and Inflation in Pakistan
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Mendoza, Enrique G, 1995. "The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(1), pages 101-137, February.
- David Gruen & Jacqueline Dwyer, 1996.
"Are Terms of Trade Rises Inflationary?,"
Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 29(2), pages 211-224, April.
- David Gruen & Jacqueline Dwyer, 1995. "Are Terms of Trade Rises Inflationary?," RBA Research Discussion Papers rdp9508, Reserve Bank of Australia.
- Laurence M. Ball, 1999.
"Policy Rules for Open Economies,"
NBER Chapters, in: Monetary Policy Rules, pages 127-156,
National Bureau of Economic Research, Inc.
- Laurence Ball, 1998. "Policy Rules for Open Economies," RBA Research Discussion Papers rdp9806, Reserve Bank of Australia.
- Laurence Ball, 1998. "Policy Rules for Open Economies," NBER Working Papers 6760, National Bureau of Economic Research, Inc.
- Arellano, Manuel & Bover, Olympia, 1995.
"Another look at the instrumental variable estimation of error-components models,"
Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
- M Arellano & O Bover, 1990. "Another Look at the Instrumental Variable Estimation of Error-Components Models," CEP Discussion Papers dp0007, Centre for Economic Performance, LSE.
- Seedwell Hove & Albert Touna Mama & Fulbert Tchana Tchana, 2016.
"Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies,"
South African Journal of Economics, Economic Society of South Africa, vol. 84(1), pages 81-108, March.
- Albert Touna-Mama & Fulbert Tchana Tchana & Seedwell Hove, 2012. "Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies," Working Papers 273, Economic Research Southern Africa.
- Arellano, Manuel, 1993.
"On the testing of correlated effects with panel data,"
Journal of Econometrics, Elsevier, vol. 59(1-2), pages 87-97, September.
- Manuel Arellano, 1991. "On the Testing of Correlated Effects with Panel Data," Working Papers wp1991_9108, CEMFI.
- Takatoshi Ito & Kiyotaka Sato, 2006.
"Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through,"
CIRJE F-Series
CIRJE-F-406, CIRJE, Faculty of Economics, University of Tokyo.
- Takatoshi Ito & Kiyotaka Sato, 2006. "Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through," Discussion papers 06018, Research Institute of Economy, Trade and Industry (RIETI).
- Takatoshi Ito & Kiyotaka Sato, 2006. "Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through," NBER Working Papers 12395, National Bureau of Economic Research, Inc.
- Eatzaz Ahmad & Saima Ahmed Ali, 1999. "Exchange Rate and Inflation Dynamics," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 38(3), pages 235-251.
- Mohammad Aslam Chaudhary & Naved Ahmad, 1995. "Money Supply, Deficit, and Inflation in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 34(4), pages 945-956.
- David Gruen & Geoffrey Shuetrim, 1994. "Internationalisation and the Macroeconomy," RBA Annual Conference Volume (Discontinued), in: Philip Lowe & Jacqueline Dwyer (ed.),International Intergration of the Australian Economy, Reserve Bank of Australia.
- Goel, Rajeev K. & Ram, Rati, 2001. "Irreversibility of R&D investment and the adverse effect of uncertainty: Evidence from the OECD countries," Economics Letters, Elsevier, vol. 71(2), pages 287-291, May.
- O'Brien, Derry & Weymes, Laura, 2010. "The Impact of Oil Prices on Irish Inflation," Quarterly Bulletin Articles, Central Bank of Ireland, pages 66-82, July.
- Holtz-Eakin, Douglas & Newey, Whitney & Rosen, Harvey S, 1988.
"Estimating Vector Autoregressions with Panel Data,"
Econometrica, Econometric Society, vol. 56(6), pages 1371-1395, November.
- Tom Doan, "undated". "RATS program to demonstrate IV estimation of VAR in panel data," Statistical Software Components RTZ00185, Boston College Department of Economics.
- Tony Cavoli & Ramkishen S. Rajan, 2006. "Monetary Policy Rules For Small And Open Developing Economies: A Counterfactual Policy Analysis," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 31(1), pages 89-111, June.
- Jarkko P. Jääskelä & Penelope Smith, 2013.
"Terms of Trade Shocks: What Are They and What Do They Do?,"
The Economic Record, The Economic Society of Australia, vol. 89(285), pages 145-159, June.
- Jarkko Jääskelä & Penelope Smith, 2011. "Terms of Trade Shocks: What are They and What Do They Do?," RBA Research Discussion Papers rdp2011-05, Reserve Bank of Australia.
- Bank for International Settlements, 2010. "Monetary policy and the measurement of inflation: prices, wages and expectations," BIS Papers, Bank for International Settlements, number 49.
- Nishat Fatima, 2010. "Analysing the Terms of Trade Effect for Pakistan," PIDE-Working Papers 2010:59, Pakistan Institute of Development Economics.
- Khan, Abdul Aleem & Ahmed, Qazi Masood & Hyder, Kalim, 2007. "Determinants oF Recent Inflation in Pakistan," MPRA Paper 16254, University Library of Munich, Germany, revised 2007.
- Mohsin S. Khan & Axel Schimmelpfennig, 2006. "Inflation in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(2), pages 185-202.
- Jorge Desormeaux & Pablo García & Claudio Soto, 2010.
"Terms of trade, commodity prices and inflation dynamics in Chile,"
BIS Papers chapters, in: Bank for International Settlements (ed.), Monetary policy and the measurement of inflation: prices, wages and expectations, volume 49, pages 115-128,
Bank for International Settlements.
- Jorge Desormeaux & Pablo García & Claudio Soto., 2009. "Terms of Trade, Commodity Prices and Inflation Dynamics in Chile," Economic Policy Papers Central Bank of Chile 32, Central Bank of Chile.
- Nishat Fatima, 2010. "Analysing the Terms of Trade Effect for Pakistan," Trade Working Papers 22828, East Asian Bureau of Economic Research.
- Abdul Qayyum, 2006.
"Money, Inflation, and Growth in Pakistan,"
The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(2), pages 203-212.
- Qayyum, Abdul, 2006. "Money, Inflation, and Growth in Pakistan," MPRA Paper 2055, University Library of Munich, Germany, revised 2006.
- Dan Andrews & Daniel Rees, 2009. "Macroeconomic Volatility and Terms of Trade Shocks," RBA Research Discussion Papers rdp2009-05, Reserve Bank of Australia.
- Manuel Arellano & Stephen Bond, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
- Tom Doan, "undated". "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Marianne Baxter & Michael A. Kouparitsas, 2000. "What Causes Fluctuations in the Terms of Trade?," NBER Working Papers 7462, National Bureau of Economic Research, Inc.
- Judson, Ruth A. & Owen, Ann L., 1999. "Estimating dynamic panel data models: a guide for macroeconomists," Economics Letters, Elsevier, vol. 65(1), pages 9-15, October.
- Bleaney, Michael & Greenaway, David, 2001. "The impact of terms of trade and real exchange rate volatility on investment and growth in sub-Saharan Africa," Journal of Development Economics, Elsevier, vol. 65(2), pages 491-500, August.
- M. Ali Kemal, 2006. "Is Inflation in Pakistan a Monetary Phenomenon?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(2), pages 213-220.
- Broda, Christian, 2004. "Terms of trade and exchange rate regimes in developing countries," Journal of International Economics, Elsevier, vol. 63(1), pages 31-58, May.
- Christian Broda & Cédric Tille, 2003. "Coping with terms-of-trade shocks in developing countries," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 9(Nov).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Khalil Jebran & Amjad Iqbal & Kalim-Ullah Bhat & Arshad Ali, 2018. "Effect of Terms of Trade on Economic Growth of China," Emerging Economy Studies, International Management Institute, vol. 4(2), pages 157-168, November.
- Mukesh Kumar & Azeema Begam & Nargis, 2020. "The Impact of Currency Depreciation on Exports of SAARC Countries," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 8(1), pages 16-29, March.
- Khalil Jebran & Amjad Iqbal & Zia Ur Rehman Rao & Arshad Ali, 2018. "Effects of Terms of Trade on Economic Growth of Pakistan," Foreign Trade Review, , vol. 53(1), pages 1-11, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Khan, Safdar Ullah & Saqib, Omar Farooq, 2011.
"Political instability and inflation in Pakistan,"
Journal of Asian Economics, Elsevier, vol. 22(6), pages 540-549.
- Khan, Safdar Ullah & Saqib, Omar Farooq, 2008. "Political Instability and Inflation in Pakistan," MPRA Paper 13056, University Library of Munich, Germany, revised 02 Jan 2009.
- Safdar Ullah Khan & Omar Farooq Saqib, 2009. "Political Instability and Inflation in Pakistan," SBP Working Paper Series 29, State Bank of Pakistan, Research Department.
- Seedwell Hove & Albert Touna Mama & Fulbert Tchana Tchana, 2016.
"Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies,"
South African Journal of Economics, Economic Society of South Africa, vol. 84(1), pages 81-108, March.
- Albert Touna-Mama & Fulbert Tchana Tchana & Seedwell Hove, 2012. "Terms of Trade Shocks and Inflation Targeting in Emerging Market Economies," Working Papers 273, Economic Research Southern Africa.
- Mohamad Imdadul Haque & Mohammad Imran Yunus & Abdul Rahman Shaik, 2021. "The Correlates of Terms of Trade in Oil Exporting Countries of Gulf Cooperation Council Region," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 543-548.
- Idris Abdullahi Abdulqadir, 2022. "The nonlinearity of exchange rate pass‐through on currency invoice: A quantile, generalized method of moments and threshold effect‐test from sub‐Sahara African economies," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 1473-1494, January.
- Tii N. Nchofoung, 2022.
"Trade shocks and labour market resilience in Sub-Saharan Africa: Does the franc zone response differently?,"
International Economics, CEPII research center, issue 169, pages 161-174.
- Nchofoung, Tii N., 2022. "Trade shocks and labour market resilience in Sub-Saharan Africa: Does the franc zone response differently?," International Economics, Elsevier, vol. 169(C), pages 161-174.
- Tii N. Nchofoung, 2022. "Trade shocks and labour market Resilience in Sub-Saharan Africa: Does the franc zone Response Differently?," Working Papers 22/005, European Xtramile Centre of African Studies (EXCAS).
- Tii N. Nchofoung, 2022. "Trade shocks and labour market Resilience in Sub-Saharan Africa: Does the franc zone Response Differently?," Working Papers of the African Governance and Development Institute. 22/005, African Governance and Development Institute..
- Kashif Ali & Mahmood Khalid, 2019. "Sources to Finance Fiscal Deficit and Their Impact on Inflation: A Case Study of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 58(1), pages 27-43.
- Konstantin M. Wacker, 2016. "Do Multinationals Deteriorate Developing Countries' Export Prices? The Impact of FDI on Net Barter Terms of Trade," The World Economy, Wiley Blackwell, vol. 39(12), pages 1974-1999, December.
- Dobronravova, Elizaveta (Добронравова, Елизавета), 2018. "Monetary Policy Peculiarities in Countries with Natural Resources, with Significant Changes in Terms of Trade [Особенности Монетарной Политики В Странах, Наделенных Природными Ресурсами, При Значит," Working Papers 031811, Russian Presidential Academy of National Economy and Public Administration.
- Bloom, David E. & Canning, David & Kotschy, Rainer & Prettner, Klaus & Schünemann, Johannes, 2024.
"Health and economic growth: Reconciling the micro and macro evidence,"
World Development, Elsevier, vol. 178(C).
- Bloom, David E. & Canning, David & Kotschy, Rainer & Prettner, Klaus & Schünemann, Johannes, 2018. "Health and Economic Growth: Reconciling the Micro and Macro Evidence," IZA Discussion Papers 11940, Institute of Labor Economics (IZA).
- David E. Bloom & David Canning & Rainer Kotschy & Klaus Prettner & Johannes J. Schünemann, 2019. "Health and Economic Growth: Reconciling the Micro and Macro Evidence," NBER Working Papers 26003, National Bureau of Economic Research, Inc.
- Schünemann, Johannes & Bloom, David E. & Canning, David & Kotschy, Rainer & Prettner, Klaus, 2018. "Health and Economic Growth: Reconciling the Micro and Macro Evidence," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181554, Verein für Socialpolitik / German Economic Association.
- Bloom, David & Canning, David & Kotschy, Rainer & Prettner, Klaus & Schünemann, Johannes, 2022. "Health and Economic Growth: Reconciling the Micro and Macro Evidence," CEPR Discussion Papers 17393, C.E.P.R. Discussion Papers.
- David E. Bloom & David Canning & Rainer Kotschy & Klaus Prettner & Johannes Schünemann & Rainer Franz Kotschy, 2022. "Health and Economic Growth: Reconciling the Micro and Macro Evidence," CESifo Working Paper Series 9806, CESifo.
- El-Shagi, Makram & Fidrmuc, Jarko & Yamarik, Steven, 2020.
"Inequality and credit growth in Russian regions,"
Economic Modelling, Elsevier, vol. 91(C), pages 550-558.
- Makram El-Shagi & Jarko Fidrmuc & Steven Yamarik, 2019. "Inequality and credit growth in Russian regions," CFDS Discussion Paper Series 2019/6, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
- Scott, K. Rebecca, 2015.
"Demand and price uncertainty: Rational habits in international gasoline demand,"
Energy, Elsevier, vol. 79(C), pages 40-49.
- Scott, K. Rebecca, 2013. "Demand and Price Uncertainty: Rational Habits in International Gasoline Demand," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt25q4w08n, Department of Agricultural & Resource Economics, UC Berkeley.
- Saira Tufail & Sadia Batool, 2013. "An Analysis of the Relationship between Inflation and Gold Prices: Evidence from Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 18(2), pages 1-35, July-Dec.
- M. S. Rafiq, 2011. "Sources of economic fluctuations in oil‐exporting economies: implications for choice of exchange rate regimes," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 16(1), pages 70-91, January.
- Serhan Cevik & Mohammad Rahmati, 2015.
"Breaking the Curse of Sisyphus: An Empirical Analysis of Post-Conflict Economic Transitions,"
Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 57(4), pages 569-597, December.
- Serhan Cevik & Mohammad Rahmati, 2015. "Breaking the Curse of Sisyphus: An Empirical Analysis of Post-Conflict Economic Transitions," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 57(4), pages 569-597, December.
- Mr. Serhan Cevik & Mr. Mohammad Rahmati, 2013. "Breaking the Curse of Sisyphus: An Empirical Analysis of Post-Conflict Economic Transitions," IMF Working Papers 2013/002, International Monetary Fund.
- Linda Gonçalves Veiga & Francisco José Veiga, 2014. "Determinants of Portuguese local governments’ indebtedness," NIPE Working Papers 16/2014, NIPE - Universidade do Minho.
- Al-Jahwari, Salim Ahmed Said, 2021. "Does the Twin-Deficits doctrine apply to the Gulf Cooperation Council? A dynamic panel VAR-X model approach," MPRA Paper 111232, University Library of Munich, Germany.
- Aisen, Ari & Veiga, Francisco José, 2013.
"How does political instability affect economic growth?,"
European Journal of Political Economy, Elsevier, vol. 29(C), pages 151-167.
- Ari Aisen & Francisco José Veiga, 2010. "How does political instability affect economic growth?," Working Papers Central Bank of Chile 568, Central Bank of Chile.
- Mr. Ari Aisen & Mr. Francisco José Veiga, 2011. "How Does Political Instability Affect Economic Growth?," IMF Working Papers 2011/012, International Monetary Fund.
- Ari Aisen & Francisco J. Veiga, 2010. "How does political instability affect economic growth?," Working Papers CEB 10-055, ULB -- Universite Libre de Bruxelles.
- Ari Aisen & Francisco José Veiga, 2010. "How does political instability affect economic growth?," NIPE Working Papers 5/2010, NIPE - Universidade do Minho.
- Gulati, Rachita & Goswami, Anju & Kumar, Sunil, 2019. "What drives credit risk in the Indian banking industry? An empirical investigation," Economic Systems, Elsevier, vol. 43(1), pages 42-62.
- Thomas H.W. Ziesemer, 2014.
"Country terms of trade: trends, unit roots, over-differencing, endogeneity, time dummies, and heterogeneity,"
International Review of Applied Economics, Taylor & Francis Journals, vol. 28(6), pages 767-796, September.
- Ziesemer, Thomas, 2010. "From Trends in Commodities and Manufactures to Country Terms of Trade," MERIT Working Papers 2010-022, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Ziesemer, T., 2014. "Country Terms of Trade 1960-2012: Trends, unit roots, over-differencing, endogeneity, time dummies, and heterogeneity," MERIT Working Papers 2014-027, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Ziesemer, Thomas, 2011. "Country terms of trade: Trends, unit roots, over-differencing, endogeneity, time dummies, and heterogeneity," MERIT Working Papers 2011-065, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Leonardo Gambacorta & Boris Hofmann & Gert Peersman, 2014.
"The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross‐Country Analysis,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(4), pages 615-642, June.
- L. Gambacorta & B. Hofmann & G. Peersman, 2011. "The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 11/765, Ghent University, Faculty of Economics and Business Administration.
- Leonardo Gambacorta & Boris Hofmann & Gert Peersman, 2012. "The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis," BIS Working Papers 384, Bank for International Settlements.
More about this item
Keywords
Terms of trade; inflation; Pakistan. markets; forecasting; exchange rate volatility; Pakistan.;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lje:journl:v:19:y:2014:i:1:p:111-132. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Shahid Salahuddin (email available below). General contact details of provider: https://edirc.repec.org/data/lsecopk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.