Testing Long-Run Monetary Neutrality in Malaysia: Revisiting Divisia Money

Testing Long-Run Monetary Neutrality in Malaysia: Revisiting Divisia Money

This study re-examines the long-run neutrality (LRN) of money on real output in Malaysia using quarterly Divisia money data from 1981:1 to 2004:4 based on Fisher and Seater’s (1993) nonstructural reduced form bivariate ARIMA model. Special attention has been given in identifying the number of unit r...

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Bibliographic Details
Main Authors: Puah, Chin-Hong, Muzafar Shah, Habibullah, Lau, Evan, Shazali, Abu Mansor
Format: Working Paper
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2011
Subjects:
HB Economic Theory
HG Finance
Online Access:http://ir.unimas.my/id/eprint/3244/
http://ir.unimas.my/id/eprint/3244/1/Testing%2Blong-run%2Bmonetary%2Bneutrality%2Bin%2BMalaysia-Revisiting%2Bdivisia%2Bmoney%20%281%29.pdf

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http://ir.unimas.my/id/eprint/3244/
http://ir.unimas.my/id/eprint/3244/1/Testing%2Blong-run%2Bmonetary%2Bneutrality%2Bin%2BMalaysia-Revisiting%2Bdivisia%2Bmoney%20%281%29.pdf

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