long-run relationship

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    The response of macroeconomic aggregates to monetary policy shocks in Pakistan

    Description This paper aims to empirically examine how shocks to monetary policy measures (the short-term nominal interest rate and broad money supply) affect macroeconomic aggregates, namely, output growth of the economy, national price levels and the nominal exchange rate. Journal of...
    • jasminepvk
    • Thread
    • convergence error correction model impulse response function long-run relationship macroeconomic aggregates monetary policy
    • Replies: 0
    • Forum: Macro-Economics
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