Publications / Working Papers  

Date Serial #
 Title
Code/Data
 Jan-26  WP121 Household Preferences in an Emerging Economy: Robust Estimates of Discount Factor and Coefficient of Relative Risk Aversion for Pakistan  
 Jan-26  WP120 Macroeconomic Responses to Productivity and Global Demand Shocks: A Comparative Analysis of Developing and Developed Economies  
 Jul-25  WP119 Monetary Policy and Banks' Investment Portfolio  
 Jul-25  WP118 Price Setting Behavior of Firms in Pakistan  
 Jul-25  WP117 Impact of Fiscal Policy on Pakistan's GDP: How Much and How Long?  
 Jul-25  WP116 Output gap measurement: A Production function approach  
 Jul-25  WP115 Underlying Factors of Inflation in Pakistan: Dynamic Effects and Contributions  
 Jun-24  WP114 Bayesian Estimation of a Pragmatic Model for Monetary Policy Analysis The Case of Pakistan  
 Jul-23  WP113 Effects of Monetary Policy on Stability and Asset Quality of the Banks in Pakistan  
 Apr-23  WP112 What Explains the Volatility in Pakistan's Sovereign Bond Yields?  
 Dec-22  WP111 Time-Frequency Analysis of Determinants of Inflation Rate in Pakistan  
 Nov-22  WP110 Does the source of the oil price shock matter for inflation in Pakistan: Implications for monetary policy  
 Apr-22  WP109 Monetary Policy Effectiveness in Pakistan: An In-depth Analysis of Four Transmission Channels  
 Mar-22  WP108 Fiscal Determinants of Inflation in Pakistan  
 Feb-21  WP107 Balance of Payments Constrained Growth in Pakistan - Implications for Development Policy  
 Jan-21  WP106 Do Workers' Remittances Promote Economic Growth in Pakistan?  
 Dec-20  WP105 Response of Deposits to Fixation of Minimum Rate of Return: Evidence from Pakistan's Banking System  
 Feb-20  WP104 Estimation of Medium Term Inflation Target for Pakistan  
 May-19  WP103 Estimation and Forecasting of Industrial Production Index  
 Jan-19  WP102 Denoised Inflation A New Measure of Core Inflation  
 Dec-18  WP101 An Anatomy of Credit Booms in Pakistan: Evidence from Macro Aggregates and Firm Level Data  
 Oct-18  WP100 Monetary Policy Pass-through, Excess Liquidity and Price Spillover: A Comparative Study of Conventional and Islamic Banks of Pakistan  
 Oct-18  WP99 A Thick ANN Model for Forecasting Inflation  
 May-18  WP98 Nowcasting LSM Growth in Pakistan  
 May-18  WP97 Robust Quarterization of GDP and Determination of Business Cycle Dates for IGC Partner Countries Code WP97
 Msr-18  WP96 Estimating Elasticity of Transport Fuel Demand in Pakistan  
 Feb-18  WP95 A Model for Forecasting and Policy Analysis in Pakistan: The Role of Government and External Sectors  
 Nov-17  WP94 Threshold inflation in Pakistan  
 Oct-17  WP93 Predicting Inflation and Output in Pakistan: The Role of Yield Spread  
 July-17  WP92 Measuring Competition in the Banking Sector of Pakistan: An Application of Boone Indicator  
 July-17  WP91 A Formal Test of Competition in the Banking Sector of Pakistan: An Application of PR-H Statistic  
 July-17  WP90 An Empirical Evaluation of 'Structure-Conduct- Performance' and 'Efficient-Structure' Paradigms in the Banking Sector of Pakistan.  
 Apr-17  WP89 Comparison of Various Business Cycle Models for Pakistan  
 Apr-17  WP88 Fully Modified HP Filter Code-WP88.txt
 Mar-17  WP87 Performance Comparison of Modified HP Filter, Wavelet Analysis, and Empirical Mode Decomposition for Smoothing Macroeconomic Time Series

Code-WP87.m

Code1-WP87.m

 Mar-17  WP86 Estimating Liquidity Created by Banks in Pakistan  
 Feb-17  WP85 Estimation of Output Gap for Pakistan  
 Feb-17  WP84 A Small Open Economy DSGE Model with Workers Remittances  
 Feb-17  WP83 Does Government Borrowing Crowd out Private Sector Credit in Pakistan  
 Dec-16  WP82 Do Ownership Structure and Market Power Matter in Interest Rate Pass-through? Evidence from Pakistan's Bank Level Data  
 Dec-16  WP81 Should Central Bank Forget Reserve Requirements? Assessment of Reserve Requirements in Transmitting SBP's Policy Shocks to Retail Interest Rates and Exchange Rate  
 Nov-16  WP80 Assessing Monetary Policy Effectiveness in Rich Data Environment  
 Nov-16  WP79 Assessing the Role of Money versus Interest Rate in Pakistan  
 Aug-16  WP78 Words Matter: A Textual Analysis of SBP’s Monetary Policy Reviews  
 Aug-16  WP77 The Dominant Borrower Syndrome: The Case of Pakistan  
 Apr-16  WP76 Global Commodity Prices and Inflation in a Small Open Economy  
 Apr-16  WP75 Informal Labour Markets in Pakistan  
 Apr-16  WP74 The Role of Money in Explaining Business Cycles for a Developing Economy: The Case of Pakistan  
 Apr-16  WP73 Monetary Policy Stance: Comparison of Different Measures for Pakistan  
 Feb-16  WP72 Optimal Monetary Policy in the Presence of Sizable Informal Sector and Firm Level Credit Constraint  
 Dec-15  WP71 Transmission of Volatility of Money Market Overnight Repo Rate along the Yield Curve in Pakistan  
 May-14  WP70 Impact of Interbank Liquidity on Monetary Transmission Mechanism  
 May-14  WP69 An Empirical Analysis of Interbank Liquidity-A Case Study of Pakistan  
Mar-14  WP68 Quarterly Bayesian DSGE Model of Pakistan Economy with Informality  
 Mar-14  WP67 The Influence of Industry Financial Composition on the Exports from Pakistan  
 Oct-13  WP66 A New Measure of Core Inflation in Pakistan  
Sept-13  WP65 Monetary Policy, Informality and Business Cycle Fluctuations in a Developing Economy Vulnerable to External Shocks  
 Sept-13  WP64 Foreign Aid, External Debt and Governance  
 Jul-13  WP63 Does External Debt Affect Economic Growth: Evidence from Developing Countries  
 Jul-13  WP62 On The (Ir)relevance of Monetary Aggregate Targeting in Pakistan: An Eclectic View  
 May-13  WP61 Implications of Monetary Policy for Corporate Sector and Economic Growth in Pakistan  
 May-13  WP60 On smoothing Macroeconomic Time Series using HP and Modified HP Filter Code WP60
 Apr-13  WP59 Does Greater Transparency Stabilize Output? Evidence from Panel Data  
 Apr-13  WP58 Disaggregate Analysis of Broad Money and Outlook of Key Monetary Aggregates  
 Mar-13  WP57 Does Uncovered Interest rate Parity Hold After All?  
 Mar-13  WP56 The RBC View of Pakistan: A Declaration of Stylized Facts and Essential Models  
 Mar-13  WP55 Sticky Wages in a Developing Country: Lessons from Structured Interviews in Pakistan  
 Mar-13  WP54 Quarterisation of National Income Accounts of Pakistan Data WP54
 Jul-12  WP53 Estimation of Discount Factor b and Coefficient of Relative Risk Aversion y in Selected Countries  
 Jun-12  WP52 Intrinsic Inflation Persistence in a Developing Country  
 Jun-12  WP51 Determinants of Foreign Direct Investment to Developing Countries  
 Apr-12  WP50 Construction and Seasonal Patterns of Islamic Hijri Calendar Monthly Time Series: An Application to Consumer Price Index (CPI) in Pakistanl  
  Apr-12  WP49 Monetary Transmission in Pakistan: The Balance Sheet Channel  
  Mar-12  WP48 Price and Income Elasticity of Imports: The case of Pakistan  
 Jan-12  WP47 Pakistan Economy DSGE Model with Informality   -  [Technical Supplement]  
 Jan-12  WP46 Estimating Standard Error of Inflation in Pakistan: A Stochastic Approach  
 Jan-12  WP45 Bank Lending and Monetary Shocks: Evidence from a Developing Economy  
 Jan-12  WP44 The Relationship between Inflation and Relative Price Variability in Pakistan  
 Dec-11  WP43 Power, Profits and Inflation: A Study of Inflation and Influence in Pakistan  
 Jul-11  WP42 Formal Sector Price Discoveries: Preliminary Results from a Developing Country  
 Jul-11  WP41 The Financial Accelerator: An Emerging Market Story  
Jun-11  WP40 Optimal Taxation, Inflation and the Formal and Informal Sectors  
May-11  WP39 Detection and Forecasting of Islamic Calendar Effects in Time Series Data:
Revisited
 
 Feb-11  WP38 Asymmetric Shocks and Co-movement of Price Indices  
 Nov-10  WP37 Procyclical Monetary Policy and Governance  
 Aug-10  WP36 Stability of Money Demand Function in Pakistan  
 June-10  WP35 Exchange Market Pressure Index in Pakistan  
 May-10  WP34 A Small-size Macroeconometric Model for Pakistan Economy  
 May-10  WP33 The Size of Informal Economy in Pakistan  
 Feb-10  WP32 Ramadan Effect on Price Movements: Evidence from Pakistan  
Jul-09  WP31 Dutch Disease Investigated: Empirical Evidence from Selected South-East Asian Economies  
 Jun-09  WP30 An Analysis of Exchange Rate Risk Exposure Related to Public Debt Portfolio of Pakistan: Beyond Delta-Normal VAR Approach  
 Jun-09  WP29 Political Instability and Inflation in Pakistan  
 Mar-09  WP28 Concentration and Competition in Banking Sector of Pakistan: Empirical Evidence  
Oct-08  WP27 External Debt Sustainability Analysis for Pakistan: Outlook for the Medium Term  
 Aug-08  WP26 Sources of Real Exchange Rate Misalignment Evidence from Pakistan  
 Jun-08  WP25 Monetary Targeting in Pakistan: A Skeptical Note  
 Jun-08  WP24 Estimating Output Gap for Pakistan Economy: Structural and Statistical Approaches  
 Apr-08  WP23 Pakistan's Export Potential-A Gravity Model Analysis  
 Mar-08  WP22 Short-Run Effects of an Unanticipated Change in Monetary Policy: Interpreting Macroeconomic Dynamics in Pakistan  
 Jan-08  WP21 An Analysis of Pakistan Vulnerability to Crisis  
 Jan-08  WP20 Financial Development and Textile Competitiveness-A Case Study of Pakistan  
 Jul-07  WP19 Choice of Monetary Policy Regime: Should SBP Adopt Inflation Targeting  
 Jun-07  WP18 Evaluating Core Inflation Measures in Pakistan  
 Jun-07  WP17 Estimating Quarterly Gross Fixed Capital Formation  
 May-07  WP16 Forecasting Profitability, Earnings, and Corporate Taxes: Evidence from UK Companies  
 Sep-06  WP15 Determining Import Intensity of Exports for Pakistan  
 Aug-06  WP14 Effectiveness of Foreign Exchange Intervention Evidence from Pakistan  
 Jun-06  WP13 Corporate Tax Models: A Review  
 Jun-06  WP12 An Empirical Investigation of Cost Efficiency in the Banking Sector of Pakistan  
 May-06  WP11 Monetary Conditions Index for Pakistan  
 Feb-06  WP10 Macro Determinants of Total Factor Productivity in Pakistan  
 Jul-05  WP09 Transmission Mechanism of Monetary Policy in Pakistan  
 Jun-05  WP08 Inflation and Growth: An Estimate of the Threshold Level of Inflation in Pakistan  
 Apr-05  WP07 Monetary Aggregates in Pakistan: Theoretical and Empirical Underpinnings  
 Dec-04  WP06 Defence Expenditure and Macroeconomic Stabilization: Causality Evidence from Pakistan  
Jun-04  WP05 Exchange Rate Pass-Through to Domestic Prices in Pakistan  
 Sep-03  WP04 Core Inflation Measures for Pakistan  
 Apr-03  WP03 Workers’ Remittances, Resident FCAs and Kerb Premium: A Cointegration Analysis  
 Jan-02  WP02 Detection and Forecasting of Islamic Calendar Effects in Time Series Data  
 Sep-01  WP01 Long-run Trend, Business Cycles and Short-run Shocks in Real GDP  
     
 

 

       
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