scholarly journals Causality between Money and Prices: Evidence from Pakistan

1998 ◽  
Vol 37 (4II) ◽  
pp. 1155-1161
Author(s):  
Fazal Husain ◽  
Tariq Mahmood

The relationship between money and prices has been a debated issue among economic schools of thought particularly between the Monetarists and the Keynesians. The monetarists claim that changes in money stocks cause changes in price levels. In other words, the direction of causation runs from money to prices implying that prices can be controlled through money supply. The keynesians, on the other hand, argue that money is important but is not responsible for changes in price levels. Instead, structural factors play important role suggesting that money supply is not an effective instrument to control price changes. The causal relationship between money and prices has been extensively tested in various countries. For example, Brillembourg and Khan (1979) examined this relationship in USA. Using Sims procedure for the period 1870-1975, they found unidirectional causality running from money to prices. Similar directions of causation are reported by Lee and Li (1983) and Ramachandran and Kamaiah (1992) who investigated the causal relationship in Singapore and India respectively. On the other hand, Aghevli and Khan (1978), while investigating the causal relationship in Brazil, Columbia, the Dominican Republic, and Thailand, found bidirectional causality between money and prices in these countries.

2009 ◽  
Vol 47 ◽  
Author(s):  
Luisa Béjar

RESUMEN: El principal argumento de este escrito es que la heterogeneidad de los diseños institucionales que prima en el campo electoral en América Latina (Carroll y Shugart, 2005) también se reproduce en el parlamentario. El perfil morfológico del sistema de comisiones propio de cada Congreso y el lugar que la ley les asigna en el proceso legislativo son prueba evidente de ello. Mientras el marco normativo de algunas legislaturas no deja lugar a dudas en cuanto a la intención de delegar en los partidos las decisiones encomendadas a estos cuerpos; en otros casos, ello ocurre en menor medida. En los casos formalmente ceñidos a una lógica de partido, por otra parte, se alientan esquemas de delegación de corte muy diverso. En este escrito se revisa el acomodo institucional del sistema de comisiones de la Cámara Baja en: Argentina; Bolivia; Brasil; Colombia; Chile; México; Paraguay; República Dominicana y Uruguay. En este sentido, el estudio examina tanto la importancia concedida a su trabajo, como algunos aspectos de su morfología que afectan la estructura de incentivos que acota el desarrollo del proceso legislativo. Asimismo, se analizan los procedimientos utilizados en cada Congreso para enfrentar los problemas de acción colectiva. Por último, se presentan algunas ideas para la elaboración de una futura taxonomía sobre la relación que guardan en la región los partidos y las comisiones permanentes del Congreso.ABSTRACT: The main argument of this paper is that the heterogeneity of the institutional framework that prevails in Latin America’s electoral field (Carroll y Shugart, 2005), also reproduces itself in the parliamentary one. This is proved by the morphologic profile of each Congress’ commission system and the place that the law assigns to the system. While some legislative frameworks clearly intend to delegate to parties the decisions entrusted to this bodies; in other cases, this takes place in a less important way. In the cases formally related with a party logic, on the other hand, diverse delegation schemes are encouraged. In this article we analyze the institutional framework of the commission systems of the low chamber in: Argentina; Bolivia; Brazil; Colombia; Chile; Mexico; Paraguay; Dominican Republic and Uruguay. In this sense, this work examines the importance given to their job and some aspects of its morphology that affect the structure of incentives that narrows the development of the legislative process. We also analyze the procedures used by each Congress to solve its problems of collective action. Lastly, some ideas for the elaboration of a future taxonomy on the relationship between parties and permanent commissions in the region are presented.


1998 ◽  
Vol 22 (2) ◽  
pp. 391-446
Author(s):  
John Myhill

This paper reports the results of a detailed text-based study of the use of Imperative constructions in Biblical Hebrew and English, and shows that the two languages differ significantly in this regard. The use of the English Imperative in the database is conditioned largely by social and interactive factors, e.g. the relationship between the speaker and the listener, their relative social status, the sensitivity of the action of giving the command, the setting of the interaction, who will benefit from the action, etc.; on the other hand, the usage of the Imperative in the Hebrew database is mainly determined by semantic and structural factors, e.g. the point in time when the commanded action is to take place, the linguistic form of the preceding clause, whether the command is the first in a conversation, etc. The clear differences here show that there cannot be any uniform explanation about why Imperatives in general are used, as have been proposed in speech act theory (e.g. Searle 1975); on the other hand, these differences are sufficiently complex that they also cannot be accounted for with simple statements regarding cultural differences (e.g. Blum-Kulka 1991). The results of this study suggest that theories about speech acts should be based not upon philosophical speculations using data from a single language, or upon limited linguistic and cultural data carefully selected to support a particular theory, but upon extensive, detailed, and exhaustive linguistic analysis which will clearly establish the descriptive facts of speech act usage in a variety of languages.


ICL Journal ◽  
2020 ◽  
Vol 13 (3) ◽  
pp. 237-257
Author(s):  
Anthony Beauséjour

AbstractSplit into two articles, the Empirical Paper Series on Secession and Constitutionalism explores the relationship between constitutionalism and secession. The first paper of this series examined the relationship between, on the one hand, the constitutional prohibition and legalisation of secession – ie indivisibility and secession clauses – and, on the other hand, the prevalence of secessionist movements. This second article addresses the very heart of the doctrinal debate between the Indivisibilist and Secessionist schools, namely the relationship between a constitution’s framework towards secession and the actual occurrence of secession.Between 1900 and 2018, 24 subnational units seceded from a total of 16 central states. Of these 24 cases of secession, 25 % occurred in central states where secession was prohibited, 13 % in states whose constitution was silent on the issue, and 63 % in states whose constitution contained a right to secession, which indicates a very strong statistical relationship between secession clauses and the actual occurrence of secession.Yet, a closer look into the history of these provisions suggests that the causal relationship between secession clauses and secession itself – if any – goes in a direction opposite to what one would assume. Indeed, not a single one of the 13 secession clauses identified in this paper series ever gave rise to a pro-independence movement. In the vast majority of cases, it is actually the pre-existence of secessionist groups that forced the constitutionalising of a right to secession, either downstream, to pacify a violent secessionist conflict, or upstream, to accommodate a region that set the constitutionalising of such a right as a precondition of its joining a new country that would otherwise not have existed in the first place. Liechtenstein is the only recorded example of a state that constitutionalised a right to secede without being faced with pre-existing secessionist tensions, and none has arisen since secession became legal in Liechtenstein.


2018 ◽  
Vol 8 (2) ◽  
pp. 166-182
Author(s):  
Maria Poggi Johnson

In his trilogy of space travel novels, published between 1938 and 1945, C.S. Lewis strikingly anticipates, and incarnates in imaginative form, the insights and concerns central to the modern discipline of ecotheology. The moral and spiritual battle that forms the plot of the novels is enacted and informed by the relationship between humans and the natural environment, Rebellion against, and alienation from, the Creator inevitably manifests in a violent and alienated attitude to creation, which is seen as something to be mastered and exploited. Lives and cultures in harmony with the divine will, on the other hand, are expressed in relationships of care and respect for the environment. The imaginative premise of the Trilogy is that of ecotheology; that the human relationships with God, neighbour, and earth and are deeply and inextricably intertwined.


1970 ◽  
Vol 6 (2) ◽  
Author(s):  
Nurul Aini Musyarofah

The relationship between Islam and state raises a controversy that includes two main groups;formalists and substantialists. Both of them intend to achieve a good social condition which is inaccordance with Islamic politics. The ideal form of good society to be achieved is principallydescribed in the main source of Islamic law, Al Qur’an and As Sunnah, as follows. A form of goodsociety should supprot equality and justice, egalitarianism, and democracy in its social community.The next problem is what the needed methods and instruments to achieve the ideal Islamic politicsare. In this case, the debate on the formalization and substance of Islamic teaching is related to therunning formal political institution.Each group claims itself to be the most representative to the ideal Islam that often leads to anescalating conflict. On the other hand thr arguments of both groups does not reach the wholeMuslims. As a result, the discourse of Islam and state seems to be elitist and political. As a result,Both groups suspect each other each other and try to utilize the controversy on the relationshipbetween Islam and state to get their own benefit which has no relation with the actualization ofIslamic teaching.


2020 ◽  
Author(s):  
putri asifa ◽  
Hade Afriansyah

This article discusses the administration of school and community relation. The existence of schools is driven by the needs of the community, because educational responsibilities are governed by the responsibilities of the community, family, and government. Based on these relationships, the relationship is always enhanced. But something is seen. Changes in nature, goals, and methods of teaching relationships. On the other hand, the community also demands the change in education. In Indonesia, the relationship between schools and the community has been established. This is good progress.Therefore, Husemas is a process of communication between schools and the community to increase community understanding of educational needs and activities and encourage community interest and cooperation in school improvement and development.


2020 ◽  
Vol 3 (1) ◽  
pp. 681-693
Author(s):  
Ariel Furstenberg

AbstractThis article proposes to narrow the gap between the space of reasons and the space of causes. By articulating the standard phenomenology of reasons and causes, we investigate the cases in which the clear-cut divide between reasons and causes starts to break down. Thus, substituting the simple picture of the relationship between the space of reasons and the space of causes with an inverted and complex one, in which reasons can have a causal-like phenomenology and causes can have a reason-like phenomenology. This is attained by focusing on “swift reasoned actions” on the one hand, and on “causal noisy brain mechanisms” on the other hand. In the final part of the article, I show how an analogous move, that of narrowing the gap between one’s normative framework and the space of reasons, can be seen as an extension of narrowing the gap between the space of causes and the space of reasons.


2010 ◽  
Vol 26-28 ◽  
pp. 862-869
Author(s):  
Tao Peng ◽  
Zhi Peng Li ◽  
Chang Shu Zhan ◽  
Xiang Luo ◽  
Qian Wang

Through analyzing the process of brake, a dynamic model of automobile and a model of the relationship between braking distance and adhesion coefficient were formed; also a simulation calculating model of braking distance was established with the use of Matlab. Finally, a research was done toward the braking distance of a type of a car running on a road after using snow-melting agent. On one hand, with the application of the simulation model which has been established, calculations have been done to the braking distance of Bora vehicles running on roads after using deicing salt; on the other hand, by experiments, Bora vehicles’ braking distance and maximum braking deceleration under the same road condition were measured, meanwhile, the established simulation model was verified.


During the last few years of his life Prof. Simon Newcomb was keenly interested in the problem of periodicities, and devised a new method for their investigation. This method is explained, and to some extent applied, in a paper entitled "A Search for Fluctuations in the Sun's Thermal Radiation through their Influence on Terrestrial Temperature." The importance of the question justifies a critical examination of the relationship of the older methods to that of Newcomb, and though I do not agree with his contention that his process gives us more than can be obtained from Fourier's analysis, it has the advantage of great simplicity in its numerical work, and should prove useful in a certain, though I am afraid, very limited field. Let f ( t ) represent a function of a variable which we may take to be the time, and let the average value of the function be zero. Newcomb examines the sum of the series f ( t 1 ) f ( t 1 + τ) + f ( t 2 ) f ( t 2 + τ) + f ( t 3 ) f ( t 3 + τ) + ..., where t 1 , t 2 , etc., are definite values of the variable which are taken to lie at equal distances from each other. If the function be periodic so as to repeat itself after an interval τ, the products are all squares and each term is positive. If, on the other hand, the periodic time be 2τ, each product will be negative and the sum itself therefore negative. It is easy to see that if τ be varied continuously the sum of the series passes through maxima and minima, and the maxima will indicated the periodic time, or any of its multiples.


1988 ◽  
Vol 12 (1) ◽  
pp. 157-179
Author(s):  
Francis Gandon

The first part of this paper presents the position of the discussion: must a node Quality be assumed to describe "non classifying" nouns? N. Ruwet objects to this theoretical attitude as developped by J.-C. Milner. First is considered the DISQUAL (qualitative dislocation) transformation as unable to describe all the positions of the Quality nouns: the extra-posed dislocation is often impossible and, according to the position within the sentence, the relationship between thema and rhema will be modified. The criterium of dependence between the Quality noun and the main statement is not strict, on the other hand. No definite boundary between syntax and semantics can be drawn within the field considered. Another point develops the "syntactic pun" (Milner). The Qualitative question is eventually referred to Opacity and replaced inside an enonciative frame as a particular kind of "shifting out." Though the Class/Quality distinction operates as continuous (Ruwet), it cannot be separated of a general paradigm elsewhere developped (psychoanalysis, ethnology, semantics, etc.). Though not entirely descriptively adequate Milner's point of view is justified.


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