- Home
- Research
The Determinants of Total Factor Productivity Growth in Pakistan: An Exploration
Omer SiddiqueArts and Culture Centers as Catalysts for Urban Vibrancy
Abbas Moosvi15-Minutes City
Ajmal KakarThe Role of Arthi in Agriculture Marketing: an exploiter or facilitator of farmers?
AbedullahUnderstanding Elite Capture
Abbas MoosviMacroeconomic Challenges Post-covid
Abdul Qadir - P & R Magazine
- The PDR
- Initiatives
- Key Messages
- RASTA
- Academics
- Convocation 2022
PDR
THE PAKISTAN DEVELOPMENT REVIEW
Monetary Policy Announcements and Market Interest Rates in Pakistan: An Event Study Approach.
The objective of this paper is to analyse the impact of monetary policy (MP) announcements on market interest rates at different nine maturities (1/Week, 2/Week, 1/Month, 3/Months, 6/Months, 9/Months, 1/Year, 2/Years and 3/Years) in Pakistan. The Event window of 11 days and an estimation window of 250 days have been used for analysis. The study did not find significant evidence of ARCH effect in market interest rates at (1/Year, 2/Years and 3/Years) maturities. However, there is evidence of significant abnormal returns which shows a positive impact of monetary policy announcements on market interest rates at different nine maturities.
Meta Data
Recent Articles
Subscribe Now
Useful Links
Quick Links
© 2022 Pakistan Institute of Development Economics