Forward-Looking and Backward-Looking Taylor Rules: Evidence from Pakistan

This study uses the forward-looking rule and backward-looking Taylor rule to investigate the conduct of monetary policy in Pakistan during 1971–2011. We compare the pre- and post-reform periods, and find that the estimates obtained using the generalized method of moments indicate that no interest r...

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Bibliographic Details

Published in:	Lahore Journal of Economics
Main Author:	Nadia Tahir
Format:	Article
Language:	English
Published:	Lahore School of Economics 2024-07-01
Subjects:	Taylor rule forward-looking behavior, backward-looking policy monetary policy generalized method of moments.
Online Access:	https://journals.lahoreschool.edu.pk/LJE/LJE/article/view/398