On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries
This paper tests the long run neutrality (LRN) and long run superneutrality (LRSN) propositions using annual observation from 10 member countries of the South East Asian Central Banks (SEACEN) Research and Training Centre.The Fisher and Seater (1993) methodology is applied to do the task. Special at...
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| Format: | Working Paper |
| Language: | English |
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Universiti Malaysia Sarawak, (UNIMAS)
2008
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| Online Access: | http://ir.unimas.my/id/eprint/3228/ http://ir.unimas.my/id/eprint/3228/1/On%20the%20long-run.pdf |
| _version_ | 1848835166792843264 |
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| author | Puah, Chin-Hong Muzafar Shah, Habibullah Shazali, Abu Mansor |
| author_facet | Puah, Chin-Hong Muzafar Shah, Habibullah Shazali, Abu Mansor |
| author_sort | Puah, Chin-Hong |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | This paper tests the long run neutrality (LRN) and long run superneutrality (LRSN) propositions using annual observation from 10 member countries of the South East Asian Central Banks (SEACEN) Research and Training Centre.The Fisher and Seater (1993) methodology is applied to do the task. Special attention has been given in identifying the number of unit root and cointegrating vector, as a meaningful LRN (LRSN) test is critically depends on such properties. Empirical results reveal that LRN can be deviated from the case of Asian developing economies. In particular, monetary expansion seems to have long run positive effect on real output in the economies of Indonesia, Taiwan and Thailand. However, LRSN is neither fail or not addressable in our study. |
| first_indexed | 2025-11-15T06:03:33Z |
| format | Working Paper |
| id | unimas-3228 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:03:33Z |
| publishDate | 2008 |
| publisher | Universiti Malaysia Sarawak, (UNIMAS) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-32282022-01-13T08:29:27Z http://ir.unimas.my/id/eprint/3228/ On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries Puah, Chin-Hong Muzafar Shah, Habibullah Shazali, Abu Mansor H Social Sciences (General) HG Finance This paper tests the long run neutrality (LRN) and long run superneutrality (LRSN) propositions using annual observation from 10 member countries of the South East Asian Central Banks (SEACEN) Research and Training Centre.The Fisher and Seater (1993) methodology is applied to do the task. Special attention has been given in identifying the number of unit root and cointegrating vector, as a meaningful LRN (LRSN) test is critically depends on such properties. Empirical results reveal that LRN can be deviated from the case of Asian developing economies. In particular, monetary expansion seems to have long run positive effect on real output in the economies of Indonesia, Taiwan and Thailand. However, LRSN is neither fail or not addressable in our study. Universiti Malaysia Sarawak, (UNIMAS) 2008 Working Paper NonPeerReviewed text en http://ir.unimas.my/id/eprint/3228/1/On%20the%20long-run.pdf Puah, Chin-Hong and Muzafar Shah, Habibullah and Shazali, Abu Mansor (2008) On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries. [Working Paper] |
| spellingShingle | H Social Sciences (General) HG Finance Puah, Chin-Hong Muzafar Shah, Habibullah Shazali, Abu Mansor On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries |
| title | On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries |
| title_full | On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries |
| title_fullStr | On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries |
| title_full_unstemmed | On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries |
| title_short | On the Long-Run Monetary Neutrality: Evidence from the SEACEN Countries |
| title_sort | on the long-run monetary neutrality: evidence from the seacen countries |
| topic | H Social Sciences (General) HG Finance |
| url | http://ir.unimas.my/id/eprint/3228/ http://ir.unimas.my/id/eprint/3228/1/On%20the%20long-run.pdf |