Terms-of-Trade Volatility and Inflation in Pakistan

dc.contributor.author	Kiran Ijaz
dc.contributor.author	Muhammad Zakaria
dc.contributor.author	Bashir A. Fida
dc.date.accessioned	2014-08-19T10:11:31Z
dc.date.available	2014-08-19T10:11:31Z
dc.date.issued	2014-06
dc.identifier.citation	The Lahore School of Economics, Vol. 19, No. 1	en_US
dc.identifier.issn	eISSN 1811-5446
dc.identifier.uri	http://121.52.153.179/JOURNAL/LJE%20Vol%2017-2%20Final%20121712/TitleV17-2.htm
dc.identifier.uri	http://hdl.handle.net/123456789/6114
dc.description	PP.22, ill.	en_US
dc.description.abstract	This empirical study examines the effects of terms-of-trade (TOT) volatility on inflation in Pakistan, using annual data for the period 1972 to 2012. The results show that TOT volatility has a significant negative effect on inflation in Pakistan. This result is robust to alternative equation specifications and TOT volatility measures. Output growth has a negative effect on inflation while foreign export prices have a positive effect on inflation. Both the depreciation of the nominal exchange rate and money supply increase the inflation rate. The fiscal deficit and world oil prices are also found to increase domestic inflation.	en_US
dc.language.iso	en	en_US
dc.publisher	© Lahore School of Economics	en_US
dc.subject	Terms of trade	en_US
dc.subject	Inflation	en_US
dc.subject	Pakistan	en_US
dc.title	Terms-of-Trade Volatility and Inflation in Pakistan	en_US
dc.type	Article	en_US