Output, the Price Level, Broad Money, and Divisia Monetary Aggregates With and Without Innovation: Taiwan, 1967(1)-1995(4)
In 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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|Date of creation:||1997|
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