Purpose – 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....

Purpose – The purpose of this paper is to estimate the short and the long run wheat demand elasticities in Pakistan. Design/methodology/approach – Using cointegration and vector error correction model (VECM) techniques, the main objective of the study has been achieved. Findings – The...