The study analyzed the effectiveness of exchange rate on macroeconomic variables of Pakistan. The precise objective of the study is to examine the causality between exchange rate, trade, inflation, FDI and GDP through a series of models. On the annual time series data for the years 1980-2009...

In this paper, an attempt has been made to examine a new transmission mechanism of inflation that is effect of food prices on non-food prices. The panel generalized method of moment (GMM) has been employed on the panels of 47 developing countries disaggregated by income, i.e. low-income,...

The literature on financial development and poverty reduction is extensive. Most of the studies are cross-country studies questioned on the basis of inability to eliminate country specific effects. This study examined the role of financial development in poverty reduction in Pakistan. The paper...