On the long-run monetary neutrality : evidence from the SEACEN countries.
This paper tests the long run neutrality (LRN) and long run super neutrality (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...
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EuroJournals
2008
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Online Access: | http://psasir.upm.edu.my/id/eprint/15919/1/On%20the%20long.pdf http://psasir.upm.edu.my/id/eprint/15919/ |
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my.upm.eprints.159192015-10-28T23:42:04Z http://psasir.upm.edu.my/id/eprint/15919/ On the long-run monetary neutrality : evidence from the SEACEN countries. Puah, Chin Hong Habibullah, Muzafar Shah Abu Mansor, Shazali This paper tests the long run neutrality (LRN) and long run super neutrality (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. EuroJournals 2008 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/15919/1/On%20the%20long.pdf Puah, Chin Hong and Habibullah, Muzafar Shah and Abu Mansor, Shazali (2008) On the long-run monetary neutrality : evidence from the SEACEN countries. Journal of Money, Investment and Banking, - (2). pp. 50-62. ISSN 1986-4094 English |
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This paper tests the long run neutrality (LRN) and long run super neutrality (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. |
format |
Article |
author |
Puah, Chin Hong Habibullah, Muzafar Shah Abu Mansor, Shazali |
spellingShingle |
Puah, Chin Hong Habibullah, Muzafar Shah Abu Mansor, Shazali On the long-run monetary neutrality : evidence from the SEACEN countries. |
author_facet |
Puah, Chin Hong Habibullah, Muzafar Shah Abu Mansor, Shazali |
author_sort |
Puah, Chin Hong |
title |
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_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_sort |
on the long-run monetary neutrality : evidence from the seacen countries. |
publisher |
EuroJournals |
publishDate |
2008 |
url |
http://psasir.upm.edu.my/id/eprint/15919/1/On%20the%20long.pdf http://psasir.upm.edu.my/id/eprint/15919/ |
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13.19449 |