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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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Main Authors: Puah, Chin Hong, Habibullah, Muzafar Shah, Abu Mansor, Shazali
Format: Article
Language:English
English
Published: EuroJournals 2008
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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spelling 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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
English
description 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/
_version_ 1643826067502268416
score 13.19449

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