Advanced Search
MyIDEAS: Login

A new monetary aggregates measurement: Application to Taiwanese data

Contents:

Author Info

  • Ju-Ann Yang

    () (Department of Money and Banking, National Kaohsiung First University of Science and Technology)

  • Shyan-Rong Chou

    () (Department of Money and Banking, National Kaohsiung First University of Science and Technology)

  • Chen-Hsun Lee

    () (Graduate Institute of Management, National Kaohsiung First University of Science and Technology)

Registered author(s):

    Abstract

    This paper compares the different dynamics of simple sum monetary aggregates and PLS indexes over the business cycle, which have turning points at economic expansion and recession phases. We also investigates the long run relationship between monetary aggregates and GDP, to utilize the data in the most efficient manner via the nonparametric rank test of cointegration analysis proposed by Breitung (2001), and the impulse response functions to find the response of GDP to innovations in PLS and simple sum aggregates from 1969Q1 to 2010Q3.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I1-P86.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by AccessEcon in its journal Economics Bulletin.

    Volume (Year): 31 (2011)
    Issue (Month): 1 ()
    Pages: 905-915

    as in new window
    Handle: RePEc:ebl:ecbull:eb-10-00139

    Contact details of provider:

    Related research

    Keywords: monetary aggregates; PLS; business cycle; cointegration; impulse response functions;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-10-00139

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John P. Conley).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.