This paper estimates a small open economy Dynamic Stochastic General Equilibrium (DSGE) model for Pakistan using Bayesian simulation approach. Model setup is based on new Keynesian framework, characterised by nominal rigidity in prices with habit formation in household’s consumption. The core...

The objective of this paper is to analyse the impact of monetary policy (MP) announcements on market interest rates at different nine maturities (1/Week, 2/Week, 1/Month, 3/Months, 6/Months, 9/Months, 1/Year, 2/Years and 3/Years) in Pakistan. The Event window of 11 days and an estimation window...

The objective of this study is to analyse the momentum effect in Karachi Stock Exchange. The study constructed 16 momentum strategies by following equal weighted, full rebalancing and Decile techniques. We used stock prices of 300 companies listed on Karachi Stock Exchange from 1999 to 2007. The...