کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9553653 | 1375479 | 2005 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Money-income causality revisited in EGARCH: Spillovers of monetary policy to Asia from the US
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Money-income causality revisited in EGARCH: Spillovers of monetary policy to Asia from the US Money-income causality revisited in EGARCH: Spillovers of monetary policy to Asia from the US](/preview/png/9553653.png)
چکیده انگلیسی
This paper investigates how money-income causality in the Asia is influenced by US interest rates and the money supply and which policy variable has a stronger impact on Asia. Six Asian economies are examined (Pakistan, India, Malaysia, Indonesia, Philippines and Korea) using an EGARCH model over the period 1970:Ql-2002:Q4. The results indicate that spillover effects from US interest rates and the money supply unambiguously influence money-income causality for each of the economies examined. This suggests that Asian monetary authorities should monitor US monetary policies carefully and decide upon the domestic money supply by reference to an EGARCH model. Alternatively, the domestic money supply may be determined by a rule based on the US money supply.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Asian Economics - Volume 16, Issue 2, April 2005, Pages 299-313
Journal: Journal of Asian Economics - Volume 16, Issue 2, April 2005, Pages 299-313
نویسندگان
Tatsuyoshi Miyakoshi, Mirzosharif Jalolov,