Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money
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 em...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
International Academy of Business and Economics
2013
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/18016/ http://ir.unimas.my/id/eprint/18016/1/EMPIRICAL%20EVIDENCE%20ON%20THE%20LONG-RUN%20NEUTRALITY%20%28abstract%29.pdf |
| _version_ | 1848838417231642624 |
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| author | Tang, Maggie May-Jean Puah, Chin Hong Dayang Affizzah, Awang Marikan |
| author_facet | Tang, Maggie May-Jean Puah, Chin Hong Dayang Affizzah, Awang Marikan |
| author_sort | Tang, Maggie May-Jean |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T06:55:13Z |
| format | Article |
| id | unimas-18016 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:55:13Z |
| publishDate | 2013 |
| publisher | International Academy of Business and Economics |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-180162023-03-23T07:20:29Z http://ir.unimas.my/id/eprint/18016/ Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money Tang, Maggie May-Jean Puah, Chin Hong Dayang Affizzah, Awang Marikan H Social Sciences (General) 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. International Academy of Business and Economics 2013 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18016/1/EMPIRICAL%20EVIDENCE%20ON%20THE%20LONG-RUN%20NEUTRALITY%20%28abstract%29.pdf 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 https://mpra.ub.uni-muenchen.de/50020/ |
| spellingShingle | H Social Sciences (General) Tang, Maggie May-Jean Puah, Chin Hong Dayang Affizzah, Awang Marikan Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money |
| title | Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money |
| title_full | Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money |
| title_fullStr | Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money |
| title_full_unstemmed | Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money |
| title_short | Empirical Evidence on the Long-Run Neutrality Hypothesis Using Divisia Money |
| title_sort | empirical evidence on the long-run neutrality hypothesis using divisia money |
| topic | H Social Sciences (General) |
| url | http://ir.unimas.my/id/eprint/18016/ http://ir.unimas.my/id/eprint/18016/ http://ir.unimas.my/id/eprint/18016/1/EMPIRICAL%20EVIDENCE%20ON%20THE%20LONG-RUN%20NEUTRALITY%20%28abstract%29.pdf |