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HOW RELATIVE PRICE VARIABILITY IS RELATED TO UNANTICIPATED INFLATION AND REAL INCOME?
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نویسنده
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GHAURI SAGHIR PERVAIZ ,QAYYUM ABDUL ,ARBY MUHAMMAD FAROOQ
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منبع
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pakistan economic and social review - 2014 - دوره : 52 - شماره : 1 - صفحه:45 -58
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چکیده
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The paper examines the behavior of price setting agents as reflected in relative price changes in response to demand and supply factors. we have followed parks (1978) model on monthly data of consumer price index of pakistan. results show that relative price variability is determined mainly by supply factors, as reflected by unanticipated inflation. the demand factors (i.e., changes in real income) are found insignificant in determining relative price variability.
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کلیدواژه
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Anticipated inflation ,Unanticipated inflation ,Relative price variability ,Macroeconomic framework
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آدرس
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State Bank of Pakistan, Pakistan. Pakistan Institute of Development Economics, Pakistan, Pakistan Institute of Development Economics, Pakistan. State Bank of Pakistan, Pakistan, Pakistan Institute of Development Economics, Pakistan. State Bank of Pakistan, Pakistan
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Authors
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