Output, the Price Level, Broad Money, and Divisia Monetary Aggregates With and Without Innovation: Taiwan, 1967(1)-1995(4)
AbstractIn this paper we consider the relationship between output, the price level and the Central Bank's broad money aggregate, M2, which is a simple sum of six 'monies'. We consider by way of comparison a divisia index, which we adjust to allow, in the alternatively and conceptually divergent ways, for the financial liberalisation that Taiwan has (possibly) nominally experienced since the end of the 1970s.
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Bibliographic InfoPaper provided by Department of Economics, University of Birmingham in its series Discussion Papers with number 97-17.
Length: 43 pages
Date of creation: 1997
Date of revision:
MACROECONOMICS ; BANKS;
Find related papers by JEL classification:
- E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- G2 - Financial Economics - - Financial Institutions and Services
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