demand shock should increase the aggregate output but here the reverse situation occurs in case of Pakistan. With positive …The current research investigates the Econometric Analysis Aggregate Demand and Supply Shocks on Output in Pakistan …. Data were collected from various secondary sources. It was revealed that The supply shocks and inflation response is in the …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …