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Effectiveness of Monetary Policy in Controlling Inflation in Pakistan in the Presence of Positive and Negative Oil Price Changes Volume 29, Issue 2

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dc.contributor.author Habib-Ur-Rehman
dc.contributor.author Eatzaz Ahmed
dc.date.accessioned 2025-07-02T03:07:45Z
dc.date.available 2025-07-02T03:07:45Z
dc.date.issued 2024
dc.identifier.uri http://hdl.handle.net/123456789/18596
dc.description PP. 30 ill; en_US
dc.description.abstract This study evaluates the effectiveness of monetary policy in controlling inflation in Pakistan. Using quarterly data from 1980 to 2022, the study finds that the policy rate is either an ineffective or counterproductive instrument, while the monetary base serves as an effective tool for controlling inflation. Significant evidence is found against the view that monetary policy is ineffective in controlling inflation in the presence of inflationary cost-push shocks. The study also finds that the effectiveness of monetary policy is asymmetric in combating inflation during inflationary and anti-inflationary oil price shocks. Despite these observations, the study recommends a cautious approach based on additional research involving diverse tools and experimentation with a gradual mixing of instruments. en_US
dc.language.iso en en_US
dc.publisher © Lahore School Of Economics en_US
dc.subject Effectiveness of Monetary Policy in Controlling Inflation in Pakistan in the Presence of Positive and Negative Oil Price Changes en_US
dc.title Effectiveness of Monetary Policy in Controlling Inflation in Pakistan in the Presence of Positive and Negative Oil Price Changes Volume 29, Issue 2 en_US
dc.type Article en_US


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