The period since the 1997 Asian Financial Crisis has witnessed many reforms in the economic structure and financial landscape in Asian economies that have increasingly influenced the global economy and financial discourse. The extents of these reforms not only involve macroecono…
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This thesis studies the relative roles of monetary and fiscal policies to achieve the basic macroeconomic objectives of stable prices with sustainable growth in Pakistan. Using data from December 1981 till June 2008, the changes in the monetary policy stance are shown to be capa…