The Relevance of monetary aggregates for monetary policy Purposes in Malaysia

Muzafar Shah, Habibullah and Azali, M. and Puah, Chin Hong and Ahmad Zubaidi, Baharumshah (2002) The Relevance of monetary aggregates for monetary policy Purposes in Malaysia. Borneo Review, 13 (1). pp. 1-13. ISSN 0128-7397

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Official URL: https://www.researchgate.net/publication/308324786

Abstract

This paper analyses the long-run neutrality (LRN) of money on real output in Malaysia using a reduced form ARIMA model developed by Fisher and Seater (1993). Empirical results are sensitive to the type of data used. Low frequency data are generally more supportive of the neutrality hypothesis. Contrary to Olekalns (1996) and Leong and McAleer (2000), the outcomesof our LRN tests are robust to the measures of money employed.

Item Type: E-Article
Uncontrolled Keywords: monetary aggregates, policy, economy condition, research, Universiti Malaysia Sarawak, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education
Subjects: H Social Sciences > HB Economic Theory
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: ROSSAZANA AB RAHIM
Date Deposited: 20 Nov 2017 02:07
Last Modified: 20 Nov 2017 02:07
URI: http://ir.unimas.my/id/eprint/18677

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