Original scientific paper
Budget Deficit, Money Supply and Inflation: The Case of Pakistan
Tahir Mukhtar
Muhammad Zakaria
Full text: croatian pdf 116 Kb
page 53-68
downloads: 724
cite
APA 6th Edition
Mukhtar, T. & Zakaria, M. (2010). Budget Deficit, Money Supply and Inflation: The Case of Pakistan. Privredna kretanja i ekonomska politika, 20 (122), 53-68. Retrieved from https://hrcak.srce.hr/52667
MLA 8th Edition
Mukhtar, Tahir and Muhammad Zakaria. "Budget Deficit, Money Supply and Inflation: The Case of Pakistan." Privredna kretanja i ekonomska politika, vol. 20, no. 122, 2010, pp. 53-68. https://hrcak.srce.hr/52667. Accessed 24 Nov. 2024.
Chicago 17th Edition
Mukhtar, Tahir and Muhammad Zakaria. "Budget Deficit, Money Supply and Inflation: The Case of Pakistan." Privredna kretanja i ekonomska politika 20, no. 122 (2010): 53-68. https://hrcak.srce.hr/52667
Harvard
Mukhtar, T., and Zakaria, M. (2010). 'Budget Deficit, Money Supply and Inflation: The Case of Pakistan', Privredna kretanja i ekonomska politika, 20(122), pp. 53-68. Available at: https://hrcak.srce.hr/52667 (Accessed 24 November 2024)
Vancouver
Mukhtar T, Zakaria M. Budget Deficit, Money Supply and Inflation: The Case of Pakistan. Privredna kretanja i ekonomska politika [Internet]. 2010 [cited 2024 November 24];20(122):53-68. Available from: https://hrcak.srce.hr/52667
IEEE
T. Mukhtar and M. Zakaria, "Budget Deficit, Money Supply and Inflation: The Case of Pakistan", Privredna kretanja i ekonomska politika, vol.20, no. 122, pp. 53-68, 2010. [Online]. Available: https://hrcak.srce.hr/52667. [Accessed: 24 November 2024]
Full text: english pdf 280 Kb
page 53-68
downloads: 7.857
cite
APA 6th Edition
Mukhtar, T. & Zakaria, M. (2010). Budget Deficit, Money Supply and Inflation: The Case of Pakistan. Privredna kretanja i ekonomska politika, 20 (122), 53-68. Retrieved from https://hrcak.srce.hr/52667
MLA 8th Edition
Mukhtar, Tahir and Muhammad Zakaria. "Budget Deficit, Money Supply and Inflation: The Case of Pakistan." Privredna kretanja i ekonomska politika, vol. 20, no. 122, 2010, pp. 53-68. https://hrcak.srce.hr/52667. Accessed 24 Nov. 2024.
Chicago 17th Edition
Mukhtar, Tahir and Muhammad Zakaria. "Budget Deficit, Money Supply and Inflation: The Case of Pakistan." Privredna kretanja i ekonomska politika 20, no. 122 (2010): 53-68. https://hrcak.srce.hr/52667
Harvard
Mukhtar, T., and Zakaria, M. (2010). 'Budget Deficit, Money Supply and Inflation: The Case of Pakistan', Privredna kretanja i ekonomska politika, 20(122), pp. 53-68. Available at: https://hrcak.srce.hr/52667 (Accessed 24 November 2024)
Vancouver
Mukhtar T, Zakaria M. Budget Deficit, Money Supply and Inflation: The Case of Pakistan. Privredna kretanja i ekonomska politika [Internet]. 2010 [cited 2024 November 24];20(122):53-68. Available from: https://hrcak.srce.hr/52667
IEEE
T. Mukhtar and M. Zakaria, "Budget Deficit, Money Supply and Inflation: The Case of Pakistan", Privredna kretanja i ekonomska politika, vol.20, no. 122, pp. 53-68, 2010. [Online]. Available: https://hrcak.srce.hr/52667. [Accessed: 24 November 2024]
Abstract
Conventional notions suggest that persistently high budget deficits give rise to inflation, which monetary policy on its own is powerless to prevent. However, empirical evidence does not provide convincing support for such a hypothesis. This paper reexamines the issue in the case of Pakistan using Johansen cointegration analysis. The empirical results suggest that in the long-run inflation is not related to budget deficit but only to supply of money, and supply of money has no causal connection with budget deficit. Hence, the findings imply that the hard government budget constraint does not find empirical support for Pakistan.
Keywords
budget deficit; inflation; money supply; cointegration; Pakistan
Hrčak ID:
52667
URI
https://hrcak.srce.hr/52667
Publication date:
20.5.2010.
Article data in other languages:
croatian
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