Sabir, Samina; Zahid, Khushbakht - In: The Pakistan Development Review 51 (2012) 4, pp. 147-160
Based on the sample of selected SAARC countries over the period 1984-2009, we assess two stylised facts regarding interaction between monetary, fiscal policies and institutions. First, monetary policy conducted in SAARC countries to control inflation and to smooth output gap is pro-cyclical due...
