The Relevance of monetary aggregates for monetary policy Purposes in Malaysia
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. Contr...
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| Format: | Article |
| Language: | English |
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Institute for Development Studies (Sabah)
2002
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| Online Access: | http://ir.unimas.my/id/eprint/18677/ http://ir.unimas.my/id/eprint/18677/7/The%20Relevance%20of%20Monetary%20Aggregates%20%28abstract%29.pdf |
| _version_ | 1848838563836198912 |
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| author | Muzafar Shah, Habibullah Azali, M. Puah, Chin Hong Ahmad Zubaidi, Baharumshah |
| author_facet | Muzafar Shah, Habibullah Azali, M. Puah, Chin Hong Ahmad Zubaidi, Baharumshah |
| author_sort | Muzafar Shah, Habibullah |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T06:57:33Z |
| format | Article |
| id | unimas-18677 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:57:33Z |
| publishDate | 2002 |
| publisher | Institute for Development Studies (Sabah) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-186772017-11-20T02:07:28Z http://ir.unimas.my/id/eprint/18677/ The Relevance of monetary aggregates for monetary policy Purposes in Malaysia Muzafar Shah, Habibullah Azali, M. Puah, Chin Hong Ahmad Zubaidi, Baharumshah HB Economic Theory 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. Institute for Development Studies (Sabah) 2002-06 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18677/7/The%20Relevance%20of%20Monetary%20Aggregates%20%28abstract%29.pdf 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 https://www.researchgate.net/publication/308324786 |
| spellingShingle | HB Economic Theory Muzafar Shah, Habibullah Azali, M. Puah, Chin Hong Ahmad Zubaidi, Baharumshah The Relevance of monetary aggregates for monetary policy Purposes in Malaysia |
| title | The Relevance of monetary aggregates for monetary policy Purposes in Malaysia |
| title_full | The Relevance of monetary aggregates for monetary policy Purposes in Malaysia |
| title_fullStr | The Relevance of monetary aggregates for monetary policy Purposes in Malaysia |
| title_full_unstemmed | The Relevance of monetary aggregates for monetary policy Purposes in Malaysia |
| title_short | The Relevance of monetary aggregates for monetary policy Purposes in Malaysia |
| title_sort | relevance of monetary aggregates for monetary policy purposes in malaysia |
| topic | HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/18677/ http://ir.unimas.my/id/eprint/18677/ http://ir.unimas.my/id/eprint/18677/7/The%20Relevance%20of%20Monetary%20Aggregates%20%28abstract%29.pdf |