期刊名称：Journal of Economics and International Finance
电子版ISSN：2006-9812
出版年度：2010
卷号：2
期号：12
页码：308-312
语种：English
出版社：Academic Journals
摘要：The present study was designed to examine the validity of cost-push and monetary diagnosis of inflation through empirical analysis. The empirical analysis had been conducted by using the technique of ordinary least square using annual data for the periods from 1971 to 1972 and 2006 to 2007. Before applying OLS, the stationarity of the data was checked by augmented Dickey Fuller (ADF) test. Regression analysis proves that cost-push factors are not less important than demand-pull factors in generating inflation. The monetary variables have significant impact on CPI (consumer price index), WPI (whole price index) and GDP. There is no single remedy to control inflation. Government should adopt multipurpose strategy such as improvement in tax and revenue structure, improving fiscal and monetary discipline, removing supply side disruptions, eradication of anti-competitive market practice. Key words: Cost push, monetary policy, inflation, Pakistan.
