Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries

Long-run monetary neutrality hypothesis has been a debated issue in the field of monetary economics. Previously, most of the studies on long-run neutrality (LRN) proposition generally focused on simple sum monetary aggregate, the traditional monetary measurements. This study was carried out to test...

Full description

Saved in:

Bibliographic Details
Main Author:	Tang, Maggie May Jean.
Format:	Thesis
Language:	English
Published:	2012
Subjects:	H Social Sciences (General) HB Economic Theory
Online Access:	http://ir.unimas.my/id/eprint/24785/2/Testing%20long-run%20monetary%20neutrality%20proposition%20in%20ASEAN-5...pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-unimas-ir.24785
record_format	uketd_dc
spelling	my-unimas-ir.247852023-05-03T09:07:28Z Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries 2012 Tang, Maggie May Jean. H Social Sciences (General) HB Economic Theory Long-run monetary neutrality hypothesis has been a debated issue in the field of monetary economics. Previously, most of the studies on long-run neutrality (LRN) proposition generally focused on simple sum monetary aggregate, the traditional monetary measurements. This study was carried out to test the neutrality proposition in the five ASEAN countries. A reduced form of neutrality test derived by Fisher and Seater (1993) was applied in this study. Two different types of monetary aggregates namely simple sum monetary aggregate and Divisia monetary aggregate were employed in this study in order to compare their relative performances as policy indicators. Empirical results revealed that LRN does not hold in ASEAN -5 countries except Thailand. Monetary aggregates seemed to have long-run effect on real output, thus central banks can use money supply as its alternative policy tools to stimulate the ....economic growth in their countries. Like the simple sum counterpart, Divisia monetary aggregates were found to be able to influence real output in the analyzed countries. Universiti Malaysia Sarawak (UNIMAS) 2012 Thesis http://ir.unimas.my/id/eprint/24785/ http://ir.unimas.my/id/eprint/24785/2/Testing%20long-run%20monetary%20neutrality%20proposition%20in%20ASEAN-5...pdf text en validuser masters Universiti Malaysia Sarawak Faculty of Economic and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	H Social Sciences (General) HB Economic Theory
spellingShingle	H Social Sciences (General) HB Economic Theory Tang, Maggie May Jean. Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries
description	Long-run monetary neutrality hypothesis has been a debated issue in the field of monetary economics. Previously, most of the studies on long-run neutrality (LRN) proposition generally focused on simple sum monetary aggregate, the traditional monetary measurements. This study was carried out to test the neutrality proposition in the five ASEAN countries. A reduced form of neutrality test derived by Fisher and Seater (1993) was applied in this study. Two different types of monetary aggregates namely simple sum monetary aggregate and Divisia monetary aggregate were employed in this study in order to compare their relative performances as policy indicators. Empirical results revealed that LRN does not hold in ASEAN -5 countries except Thailand. Monetary aggregates seemed to have long-run effect on real output, thus central banks can use money supply as its alternative policy tools to stimulate the ....economic growth in their countries. Like the simple sum counterpart, Divisia monetary aggregates were found to be able to influence real output in the analyzed countries.
format	Thesis
qualification_level	Master's degree
author	Tang, Maggie May Jean.
author_facet	Tang, Maggie May Jean.
author_sort	Tang, Maggie May Jean.
title	Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries
title_short	Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries
title_full	Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries
title_fullStr	Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries
title_full_unstemmed	Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries
title_sort	testing long-run monetary neutrality proposition in asean-5 countries
granting_institution	Universiti Malaysia Sarawak
granting_department	Faculty of Economic and Business
publishDate	2012
url	http://ir.unimas.my/id/eprint/24785/2/Testing%20long-run%20monetary%20neutrality%20proposition%20in%20ASEAN-5...pdf
_version_	1783728269169786880

Testing Long-run Monetary Neutrality Proposition in ASEAN-5 Countries

Similar Items