Khan, Muhammad Arshad - In: Economic Analysis Working Papers (2002-2010). Atlantic … 9 (2010) February, pp. 1-20
This paper tests the constancy and stationarity of mechanic version of the money multiplier model for Pakistan using monthly data over the period 1972M1-2009M2. We split the data into pre-liberalization (1972M1-1990M12) and post-liberalization (1991M1-2009M2) periods to examine the impact of...