Husain, Fazal; Rasid, Abdul - In: The Pakistan Development Review 48 (2009) 2, pp. 155-168
This study extends the analysis of causality by Husain and Rashid (2008) by examining the shift in the variables due to the price hikes in Pakistan in the early 1970s. We investigate the causal relations between real money and real income, between nominal money and nominal income, and between...