The Impact of Institutional Quality on Monetary Policy in Pakistan

Kifayat Ullah; Abdul Wajid; Fazal Ali Khan

The Impact of Institutional Quality on Monetary Policy in Pakistan

Kifayat Ullah * §

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Abdul Wajid

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Fazal Ali Khan

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§ Karakoram International University Gilgit, Pakistan

The Impact of Institutional Quality on Monetary Policy in Pakistan

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Abstract

This study seeks to examine whether the monetary management in Pakistan is conducted under the framework advocated by the Taylor rule. We investigate this question after modifying the Taylor rule to control for the influence of institutional quality on monetary policy. Even after controlling for institutional quality, we find no evidence that the central bank makes use of the Taylor framework in devising monetary policy. Our results also suggest that by and large the focus of the monetary policy has been on containing inflation.

References

16 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Kifayat Ullah, Abdul Wajid, Fazal Ali Khan. 2016. "The Impact of Institutional Quality on Monetary Policy in Pakistan". Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 16 (GJMBR Volume 16 Issue A3).

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GJMBR Volume 16 Issue A3

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-C Classification JEL Code: E 310

E 320

E 340

E 580

Submission ReceivedDecember 12, 2015
Peer Review Double Blind
Handling Editor
Accepted December 31, 2015
Published January 15, 2016

Version of record

v1.2

Issue date

April 26, 2016

Language

English

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Article Matrices

Total Score: 150

Country: Pakistan

Subject: Global Journal of Management and Business Research

Authors: Kifayat Ullah, Abdul Wajid, Fazal Ali Khan (PhD/Dr. count: 0)

View Count (all-time): 320

Total Views (Real + Logic): 1460

Total Downloads (simulated): 129

Publish Date: 2016 01, Fri

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Total Views: 1.5K

Total Downloads: 129

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