Search or add a thesis

Advanced Search (Beta)
Home > Sacrifice Ratio and Inflation Forecasting: A Case Study of Pakistan

Sacrifice Ratio and Inflation Forecasting: A Case Study of Pakistan

Thesis Info

Access Option

External Link

Author

Bhatti, Zobia

Program

PhD

Institute

Pakistan Institute of Development Economics

City

Islamabad

Province

Islamabad

Country

Pakistan

Thesis Completing Year

2016

Thesis Completion Status

Completed

Subject

Economics

Language

English

Link

http://prr.hec.gov.pk/jspui/bitstream/123456789/14185/1/Zobia_Bhatti_Economics_2016_HSR_PIDE_Islamabad_20.09.2016.pdf

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676725008580

Similar


It is a debatable issue that high and variable inflation causes the welfare loss while on the other hand reducing inflation generally has some cost and the amount of that cost is measured by the sacrifice ratio. Therefore inflation output trade - off is important for central banks when formulating policy. Sacrifice ratio is the main indicator to measure the real cost of disinflation, calculated as the ratio of the cumulative percentage output loss (the difference between actual and potential output) to the size of disinflation. Thus, the sacrifice ratio measures the real output cost per unit of permanent decrease in inflation. Sacrifice ratio is basically divided into two main categories: time invariant sacrifice ratio and episode specific sacrifice ratio. In time invariant sacrifice ratio we took Philips Curve, structural VAR and the New Philips Curve and in episode specific ratio we took Ball method of sacrifice ratio and Zhang method of sacrifice ratio .This study covers all these methods in detail and the main objective of this study is to calculate the sacrifice ratio at aggregate level as well at disaggregated level. We disaggregate data into three sectors namely the agriculture sector, the manufacturing sector and the services sector. At aggregate level we found a positive sacrifice ratio in almost all the methods but the magnitude of the sacrifice ratio is not large .At disaggregated level the results validate that different sectors have different nature and the sectors which are less sensitive to monetary policy have less sacrifice ratio and vice versa. Inflation forecasting is the important input in formulating Monterey policy to maintain the price stability and fighting against the inflation evils. Keeping the importance of forecasting, the other objective of this study is to forecast inflation using real time data and end of sample data
Loading...
Loading...

Similar Books

Loading...

Similar Chapters

Loading...

Similar News

Loading...

Similar Articles

Loading...

Similar Article Headings

Loading...

ہندوستانی اقبال شناس سید مظفر حسین برنی اور کلیاتِ مکاتیبِ اقبال

ہندوستانی اقبال شناس سید مظفر حسین برنی اور کلیاتِ مکاتیبِ اقبال
فکرِ اقبال جامِ جہاں نما ہے۔اس میں شعر و فلسفہ کے پیکر فروزاں و فراواں ہیں۔ قوم و ملت کی فلاح و بہبود کے لیے ان سے قدم قدم پر راہنمائی حاصل کی جا سکتی ہے۔فکرِ اقبال میں علم و آگہی کی دنیا آباد ہے۔موت و حیات کے بہت سے موضوعات فکرِ اقبال میں پوشیدہ ہیں۔وہ لوگ جو فہم و فراست کے نگہبان ہونے کا دعویٰ کرتے ہیں اُن کے لیے فکرِ اقبال میں بہت سے اشارے پوشیدہ ہیں۔
فکرِ اقبال میں علمی اور فکری اجتہاد ہے۔ شعرِ اقبال میں دلِ فطرت شناس کی نشانیاں پوشیدہ ہیں۔اقبال کی خودی کے پیغام میں حیات پوشیدہ ہے،فکرِ اقبال میں بیدارئی کائنات کا پیغام ہے۔فکرِ اقبال میں اعلانِ جنگ ہے عصرِ حاضر کے خلاف۔فکرِ اقبال سے پیغام ملتا ہے کہ اقوام کی تقدیر افراد کے ہاتھوں میں پوشیدہ ہے اور ہر فرد ملت کے مقدر کا ستارہ ہے۔صاحبانِ علم و دانش اپنی صلاحیتوں کو بروئے کار لاتے ہوئے فکرِ اقبال سے بیداری کا سبق لیتے ہیں اور اقبال فہمی میں بلند رتبہ پا لیتے ہیں۔سید مظفر حسین برنی بھی ایک ایسے اقبال شناس ہیں جو فکرِ اقبال کے مفہوم سے بہ خوبی آگاہ تھے۔ سید مظفر حسین برنی کا تعلق”برن“ (بلند شہر) کے ایک ذی وقار خانو ادے سے تھا۔آپ نے جس گھرانے میں آنکھ کھولی اس میں خدمتِ علم وادب کی ایک طویل اور مسلسل روایت رہی ہے۔آپ 14، اگست 1923ء کو بلند شہر میں پیدا ہوئے۔آپ کا تعلیمی سلسلہ بہت عمدہ رہا۔ بی۔اے میں انگریزی ادب میں ٹمپیل گولڈ میڈل حاصل کیاپھر انگریزی میں ایم۔اے بھی کیا۔1947ء میں انڈین ایڈمنسٹریٹو سروس”آئی اے ایس“ کے مقابلہ کے پہلے امتحان میں کامیاب ہوئے اور ریاست اڑیسہ میں تعینات کیے گئے۔ آپ نے 7 فروری 2014ء کو دہلی میں وفات...

Myths and Misconceptions of Covid-19 Vaccination in Women of Reproductive Age

Myths and Misconceptions spread very fast as compared to facts in the current situation of social connectivity. The same is about Covid-19 infection and its vaccine in women of reproductive age and in pregnancy. We need to correct these misconceptions with evidence which is the objective of this editorial about covid vaccination.

Functioning of Judiciary in Pakistan: A Study of Musharraf Regime

The objective of this study is to highlight the functioning of superior judiciary in Pakistan. Main focus has been given on Musharraf regime 1999-2008. After the independence of Pakistan in 1947, constitutional law was inherited in legacy from the British. Not long after partition from India in 1947, Pakistan was thrown into a Constitutional crisis. In the constitutions of 1956, 1962 and the 1973, the Superior Courts have been granted the power to judicially reviewed legislation as well as executive actions to ensure the enforcement of fundamental rights. However, Pakistan‘s Superior Courts have been reluctant to challenge the executive, and has not invalidated any major legislation on account of inconformity with these rights and provisions. Rather, some of the basic principles of the 1973 Constitution, including federalism and judicial independence, have been compromised by the weakness of the judiciary. Successive governments played politics with the judiciary and denied it its rightful place as a pillar of the state. All governments retained coercive powers with the executive for reasons of administrative convenience. Civil and military governments make favourable amendments in the constitution to sustain their power. The courts gave successive civil and military authoritarian governments some kind of de facto and dejure validity. Due to such decisions of judiciary it became a very controversial and weak institution. The October 1999 coup of General Pervez Musharraf and the suspension of the 1973 Constitution and the imposition of emergency were validated by the judiciary under the law of necessity. The military take over put the judiciary under pressure. Chief Justics, IftikharChaudhry, took some bold steps of public interest litigation which was seen as a threat to his military rule and as a result, he was deposed by Musharraf. But the judiciary tried to reverse the trend through judicial activism and challenged the extra-constitutional steps of the military dictator. This was a sensational episode in the judicial history of Pakistan. A countrywide lawyers‘ movement was launched for the restoration of judiciary and the end of military rule. The movement succeeded in the restoration of the judiciary and the culmination of military rule. This can be termed as the re-emergence of judiciary in a military led political environment.