文章基本信息

标题：Fiscal Imbalances and Interest Rate Change in Pakistan: A Co-Integration Analysis
本地全文：下载
作者：Zaeema Islam ; Asghar Ali ; Irfan Ahmad Baig 等
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2015
卷号：05
期号：05
页码：616-623
DOI：10.4236/tel.2015.55072
语种：English
出版社：Scientific Research Publishing
摘要：The study investigated the relationship among fiscal deficit, public debt, inflation, international interest rates and the interest rate change in Pakistan using time series data for the period 1981-2011. Augmented Dickey Fuller Unit root test was used to check stationarity of time series data. The study employed co-integration approach to check the long-run relationship among variables. The findings of the study showed a positive and significant relationship between explanatory variables and interest rate change. The study suggested that the fiscal deficit, public debt and double digit inflation should be controlled in order to decrease the interest rate and interest rate fluctuation in Pakistan.
关键词：Interest Rate;Co-Integration;Pakistan