This paper investigates the interaction between monetary policy and financial stability in the
Gulf Cooperation Council (hereafter GCC) countries by introducing a new composite …

This study empirically investigates a monetary policy reaction function for South Asian
economies by incorporating financial stability as an additional policy objective in the central …

A near consensus in the contemporary monetary economics is that monetary policy can
achieve its objectives more precisely if it is designed as a rule rather than discretion. The …

This paper develops an open economy dynamic stochastic general equilibrium (DSGE)
model based on New-Keynesian micro-foundations. Alongside standard features of …

The paper estimates the non-linear Taylor rule of inflation-targeting in Pakistan. Three types
of short-term nominal interest rates are used as policy instruments represented by three, six …

Monetary policy which until recently aimed at targeting monetary aggregates has quietly
given way to adjusting interest rates. Most of the Central Banks now focus on money …

In this study, we attempt to estimate Inflation-Output Gap Trade-off with Triangle model using
Time Series data over the periods of 1971-2016 in case of Pakistan. For this purpose we …

This study has analyzed the monetary policy reaction function of Pakistan's economy. To
attain the objective of the estimation of the Taylor rule, we have used quarterly data from …

Over the last three decades, the landmark transformation of central banks from secrecy to
openness and transparency has significantly enhanced their performance to successfully …

This study has estimated disaggregated Phillips Curve (PC) in case of Pakistan for food,
nonfood and core inflation using annual time series data. The main objective of the study is …