Adrangi, B., Chatrath, A., & Christie-David, R. (2000). Price discovery in strategically linked markets: The case of the gold-silver spread.
Agha, I. A., & Khan, M. S. (2006). An empirical analysis of fiscal imbalances and inflation in Pakistan. State Bank of Pakistan Research Bulletin, 2(2), 343–362.
Ajayi, R. A., & Mougoue, M. (1996). On the dynamic relation between stock prices and exchange rates. Journal of Financial Research, 2, 193–207.
- Alavi Rad, A. (2006). The budget deficit and inflationary process in Iran: Apply VAR method. Journal of Political and Economic Ettela’at, 20, 258–267.
Paper not yet in RePEc: Add citation now
American Economic Review, 71(4), 545–565. Fama, E. F., & Schwert, G. W. (1977). Asset returns and inflation. Journal of Financial Economics, 5(2), 115–146.
An Analysis of Relationship between Inflation and Gold Prices in Pakistan 29 Bernanke, B., & Gertler, M. (2000). Monetary policy and asset price volatility (Working Paper No. 7559). Cambridge, MA: National Bureau of Economic Research.
Andersen, T. G., Bollerslev, T., Diebold, F. X., & Vega, C. (2007). Real time price discovery in global stock, bond and foreign exchange markets. Journal of International Economics, 73(2), 251–277.
- Artigas, J. C. (2010). Linking global money supply to gold and to future inflation. London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
Banerjee, A., & Marcellino, M. (2006). Are there any reliable leading indicators for US inflation and GDP growth? International Journal of Forecasting, 22, 137–151.
Barnes, M., Boyd, J. H., & Smith, B. D. (1999). Inflation and asset returns.
Baur, D., & Lucey, B. (2006). Is gold a hedge or safe haven? An analysis of stocks bonds and gold (Discussion Paper No. 198). Dublin, Ireland: Institute for International Integration Studies.
Boivin, J., & Ng, S. (2006). Are more data always better for factor analysis? Journal of Econometrics, 132, 169–194.
- Capie, F., Mills, T. C., & Wood, G. (2004). Gold as a hedge against the US dollar (Research Study No. 30). London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
- Case, B., & Wachter, S. M. (2011). Inflation and real estate investments (Mimeo). Philadelphia, PA: University of Pennsylvania.
Paper not yet in RePEc: Add citation now
Cecchetti, S. G., Chu, R. S., & Steindel, C. (2000). The unreliability of inflation indicators. Current Issues in Economics and Finance, 6(4), 1–6.
Chaudhary, M. A., & Ahmad, N. (1995). Money supply, deficit, and inflation in Pakistan. Pakistan Development Review, 34(4), 945–956.
Choudhri, E. U., & Khan, M. S. (2002). The exchange rate and consumer prices in Pakistan: Is rupee devaluation inflationary? Pakistan Development Review, 41(2), 107–120.
De Santis, G., & Gerard, B. (1998). How big is the premium for currency risk? Journal of Financial Economics, 49(3), 375–412.
- Dempster, N. (2008). What does a US recession imply for the gold price? London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
Dornbusch, R. (1987). Exchange rates, devaluation, and adjustment: Exchange rate policy in developing countries. Cambridge, MA: MIT Press.
Economic Policy, 18(37), 357–394. Hossain, M. A. (1990). The monetarist versus the neo-Keynesian views on the acceleration of inflation: Some evidence from South Asian countries (with special emphasis on Pakistan). Pakistan Development Review, 29(1), 19–32.
- European Economic Review, 43(4–6), 737–754. Baumol, W. (1967). Macroeconomics of unbalanced growth: The anatomy of urban crisis. American Economic Review, 57(3), 415–426.
Paper not yet in RePEc: Add citation now
Fama, E. F. (1981). Stock returns, real activity, inflation and money.
Feldstein, M. (1983). Inflation and the stock market. In Inflation, tax rules, and capital formation, 186–198. Cambridge, MA: National Bureau of Economic Research.
Feyzioglu, T. (1997). Estimating the equilibrium real exchange rate: An application to Finland (Working Paper No. 97/109). Washington, DC: International Monetary Fund.
- Fisher, I. (1930). The theory of interest. New York, NY: Macmillan.
Paper not yet in RePEc: Add citation now
Garner, C. A. (1995). How useful are leading indicators of inflation? Federal Reserve Bank of Kansas City Economic Review, 80, 5–18.
Geske, R., & Roll, R. (1983). The fiscal and monetary linkage between stock returns and inflation. Journal of Finance, 38(1), 1–33.
Ghosh, D., Levin, E. J., Macmillan, P., & Wright, R. E. (2004). Gold as an inflation hedge? Studies in Economics and Finance, 22, 1–25.
- Gordon, M. J. (1962). The investment, financing and valuation of the corporation. Homewood, IL: Irwin.
Paper not yet in RePEc: Add citation now
- Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics. 5th ed., 737–768.
Paper not yet in RePEc: Add citation now
- Harmston, S. (1998). Gold as a store of value (Research Study No. 22).
Paper not yet in RePEc: Add citation now
Hassan, M. A., Khan, A. H., Pasha, H. A., & Rasheed, M. A. (1995). What explains the current high rate of inflation in Pakistan. Pakistan Development Review, 34(4), 927–943.
Hau, H., & Rey, H. (2006). Exchange rates, equity prices, and capital flows. Review of Financial Studies, 19(11), 273–317.
- History of gold. (2011). Retrieved 17 June 2012, from http://goldratefortoday.org/history-gold/ Hodges, P., Kneafsey, K., Mcfarren, T., & Whitney, D. (2011). Are hedging properties inflated? How seven asset classes perform against inflation. Investment Insights, 14(3), 2–25.
Paper not yet in RePEc: Add citation now
- Hondroyiannis, G., & Papapetrou, E. (2001). Stock market performance and macroeconomic experience in Greece. Greek Economic Review, 21, 65–84.
Paper not yet in RePEc: Add citation now
Honohan, P., & Lane, P. (2003). Divergent inflation rates in EMU.
- Hussain, M. (2005). Inflation and growth: Estimation of threshold point for Pakistan. Pakistan Business Review, 17(3), 1–15.
Paper not yet in RePEc: Add citation now
Hyder, Z., & Shah, S. (2004). Exchange rate pass-through to domestic prices in Pakistan (Working Paper No. 5). Karachi, Pakistan: State Bank of Pakistan.
- Islamabad, Pakistan: Author. Ranson, D. (2005). Inflation protection: Why gold works better than â€linkers.†London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
- Jaffri, M. (2010). The exchange rate system: Policy analyses in international economics. Journal of Economic Literature, 34(2), 647–668.
Paper not yet in RePEc: Add citation now
Janjua, M. (2007). Pakistan’s external trade: Does exchange rate misalignment matter for Pakistan? Lahore Journal of Economics, 12, 126–152.
- Johansen, S. (1998). Statistical analysis of cointegrating vectors. Journal of Economic Dynamics and Control, 12, 231–254.
Paper not yet in RePEc: Add citation now
Johansen, S., & Juselius, K. (1990). Maximum likelihood estimation and inference on cointegration with applications to the demand for money. Oxford Bulletin of Economics and Statistics, 52, 169–210.
Karachi, Pakistan: Author. Stock, J., & Watson, M. W. (1999). Forecasting inflation. Journal of Monetary Economics, 44(2), 293–335.
Kemal, M. A. (2006). Is inflation in Pakistan a monetary phenomenon? Pakistan Development Review, 45(2), 213–220.
Kent, C., & Lowe, P. (1997). Asset-price bubbles and monetary policy (Research Discussion Paper No. 9709). Sydney: Reserve Bank of Australia.
Khalid, A. M. (2005). Economic growth, inflation, and monetary policy in Pakistan: Preliminary empirical estimates. Pakistan Development Review, 44(4), 961–974.
Khan, A. A., Bukhari, S. K., & Ahmed, Q. M. (2007). Determinants of recent inflation in Pakistan (Research Report No. 66). Islamabad: Pakistan Institute of Development Economics.
Khan, A. H., & Qasim, M. A. (1996). Inflation in Pakistan revisited.
Khan, M. S., & Schimmelpfennig, A. (2006). Inflation in Pakistan: Money or wheat? (Working Paper No. 06/60). Washington, DC: International Monetary Fund.
Komulainen, T., & Lukkaria J. (2003). What drives financial crises in emerging markets? Emerging Markets Review, 4(3), 248–272.
- Lampinen, A. (2007). Gold investments and short- and long-run price determinants of the price of gold. Master’s thesis, Lappeenranta University of Technology, Finland.
Paper not yet in RePEc: Add citation now
- Lawrence, C. (2003). Why is gold different from other assets? An empirical investigation. London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
- Levin, E. J., & Wright, R. E. (2006). Short-run and long-run determinants of the price of gold (Research Study No. 32). London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
Lintner, J. (1975). Inflation and security returns. Journal of Finance, 30(2), 259–280.
- London, UK: World Gold Council. Hartzell, D. J. (2001). Commercial real estate and inflation during periods of high and low vacancy rates. Economic Journal, 103(30), 511–530.
Paper not yet in RePEc: Add citation now
Mahdavi, S., & Zhou, S. (1997). Gold and commodity prices as leading indicators of inflation: Tests of long-run relationship and predictive performance. Journal of Economics and Business, 49(5), 475–489.
- Mahmood, W. M., & Dinniah, N. M. (2009). Stock returns and macroeconomic variables: Evidence from the six Asian-Pacific countries. International Research Journal of Finance and Economics, 30, 154–164.
Paper not yet in RePEc: Add citation now
- Maynard, G., & van Rijckeghem, W. (1976). A world of inflation. London, UK: Batsford.
Paper not yet in RePEc: Add citation now
Mishkin, F. S. (1990). What does the term structure tell us about future inflation? Journal of Monetary Economics, 25(1), 77–96.
- Mukhtar, T., & Ilyas, M. (2009). Cointegration and error-correction modeling of wheat consumption in Pakistan. Journal of Economic Cooperation and Development, 30(4), 87–104.
Paper not yet in RePEc: Add citation now
New York, NY: McGraw- Hill. An Analysis of Relationship between Inflation and Gold Prices in Pakistan 31 Haque, N., & Qayyum, A. (2006). Inflation everywhere is a monetary phenomenon: An introductory note. Pakistan Development Review, 45(2), 179–183.
- Nishat, M., & Mustafa, K. (2008, December). Do asset returns hedge against inflation in Pakistan? Paper presented at the 21st Australasian Finance and Banking Conference, Sydney, Australia.
Paper not yet in RePEc: Add citation now
Olivera, J. (1964). On structural inflation and Latin American structuralism. Oxford Economic Papers, 16, 321–332.
- Ong, E. (2010). Gold in the Year of the Tiger. London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
Ottawa: Bank of Canada. An Analysis of Relationship between Inflation and Gold Prices in Pakistan 35 Tully, E., & Lucey, B. M. (2007). A power GARCH examination of the gold market. Research in International Business and Finance, 21(2), 316–325.
- Oxford Economics. (2011). The impact of inflation and deflation on the case for gold. Oxford, UK: Author.
Paper not yet in RePEc: Add citation now
- Pakistan Development Review, 35(4), 747–759. An Analysis of Relationship between Inflation and Gold Prices in Pakistan 33 Khan, M., & Rashid, A. (2010). Threshold effects in the relationship between inflation and growth. Asian Pacific Development Journal, 32(4), 130–182.
Paper not yet in RePEc: Add citation now
- PhD thesis, International Islamic University, Islamabad, Pakistan. State Bank of Pakistan. (2012, January–December). Inflation monitor.
Paper not yet in RePEc: Add citation now
- Ranson, D., & Wainright, H. C. (2005). Why gold, not oil, is the superior predictor of inflation. London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
- Rehman, M. (2010). Resolving controversies about determinants of inflation.
Paper not yet in RePEc: Add citation now
- Saira Tufail and Sadia Batool Dempster, N., & Artigas, J. C. (2009). Gold as a tactical inflation hedge and long-term strategic asset. London, UK: World Gold Council.
Paper not yet in RePEc: Add citation now
Saira Tufail and Sadia Batool Hyder, Z., & Mahboob, A. (2006). Equilibrium real effective exchange rate and exchange rate misalignment in Pakistan. State Bank of Pakistan Research Bulletin, 2(1), 237–263.
Saira Tufail and Sadia Batool Mukhtar, T. (2010). Does trade openness reduce inflation: Evidence from Pakistan. Lahore Journal of Economics, 15(2), 35–50.
Singapore Economic Review, 41(8), 47–56. Zaidi, A. S. (2005). Issues in Pakistan’s economy. Karachi, Pakistan: Oxford University Press.
- Streeten, P. (1962). Wages, prices and productivity. Kyklos, 15(4), 723–333.
Paper not yet in RePEc: Add citation now
Tkacz, G. (2007). Gold prices and inflation (Working Paper No. 35).
- Worthington, A. C., & Pahlavani, M. (2007). Gold investment as an inflationary hedge: Cointegration evidence with allowance for endogenous structural breaks. Applied Financial Economics Letters, 3(4), 259–262.
Paper not yet in RePEc: Add citation now
Wurtzebach, C. H., Mueller, G. R., & Machi, D. (1991). The impact of inflation and vacancy of real estate returns. Journal of Real Estate Research, 6(2), 153–168.
- Yu, Q. (1997). Stock prices and exchange rates: Experience in leading East Asian financial centers – Tokyo, Hong Kong and Singapore.
Paper not yet in RePEc: Add citation now