Business, Management and Accounting
3 years ago

Monetary policy in Pakistan linked to unemployment rates.

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Pakistan Journal of Humanities and Social Sciences
Unemployment and Monetary Policy Dynamics in Pakistan: Evidence from Cointegration Analysis
Hina Ali, Muhammad Zeeshan Ali, Farhana Nosheen, Afifa Sadar Ud Din

Paper Summary

The study looked at how monetary policy affects unemployment in Pakistan from 1977 to 2019. They used a method called ARDL to analyze the data. The results showed that there is a significant negative link between spending deficit and unemployment. Also, the GDP growth rate is connected to unemployment in a positive way, while the population growth rate is linked to unemployment in a negative way. Lastly, the consumer price index is linked to unemployment in a negative way.

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