Tang, Maggie May-Jean and Puah, Chin Hong and Dayang Affizzah, Awang Marikan (2013) Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money. Journal of Academy of Business and Economics. ISSN 1542-8710
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EMPIRICAL EVIDENCE ON THE LONG-RUN NEUTRALITY (abstract).pdf Download (164kB) | Preview |
Abstract
By employing Fisher and Seater’s (1993) long-run neutrality test, the researchers tested the monetary neutrality proposition in Singapore for the period of 1980-2009. Empirical findings show that monetary neutrality does not hold in Singapore when both the simple-sum money and Divisia money are employed. As both the simple-sum and Divisia monetary aggregates are non-neutral, monetary authorities may consider their use as a monetary policy tool affecting real economic activity.
| Item Type: | Article |
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| Uncontrolled Keywords: | Monetary Neutrality, Divisia Money, ARIMA Model, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education, research, Universiti Malaysia Sarawak |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Ab Rahim |
| Date Deposited: | 06 Oct 2017 01:56 |
| Last Modified: | 23 Mar 2023 07:20 |
| URI: | http://ir.unimas.my/id/eprint/18016 |
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