Beating the odds: growth in global recession — Shahid Sattar and Eman Ahmed

MMT and Pakistan.

Business Recorder
Beating the odds: growth in global recession

Shahid Sattar and Eman Ahmed

Stagflation and it's prevalence in Pakistan — Omer Javed

This policy inclination – both local and one suggested in IMF programs towards over-relying on policy rate on curtailing aggregate demand, is indeed a disproportionate response to correctly and effectively addressing inflation and low growth challenge. Pakistan, therefore, needs a balanced monetary and fiscal policy response to tackle the issues of stagflation. The policy should focus on both the aggregate – demand and supply sides. This will also help bring a much-needed boost in the employment levels.

It would make sense, at the same time, to borrow from the unconventional economic policy of the type of modern monetary theory, and political-economic and heterodox institutional and behavioral economics. Overall as well, global prevalence of stagflation requires a policy response on similar lines as indicated above. Monetary policy alone, or when given a disproportionate role in tackling stagflationary concerns, will not work as has been indicated the time and again over the last four decades or so.

Global Village Space
Stagflation and it's prevalence in Pakistan

Dr. Omer Javed | institutional political economist

Michael Roberts — Pakistan: it’s not cricket

Backgrounder on Pakistan and analysis of the outcome of the recent election there. Pakistan is important geopolitically and geostrategically.

Michael Roberts Blog
Pakistan: it’s not cricket
Michael Roberts