Effects of foreign currency component in monetary aggregates on money neutrality

Jimmy RAN; Jan Piaw, Thomas VOON; Guangzhong LI

doi:10.1016/j.econlet.2007.09.008

Effects of foreign currency component in monetary aggregates on money neutrality

Jimmy RAN, Jan Piaw, Thomas VOON, Guangzhong LI

Department of Economics

Research output: Journal Publications › Journal Article (refereed) › peer-review

Abstract

We test the money neutrality from a new angle. The in-sample investigation provides evidence that M1 and M2 with or without foreign currency component affect nominal GDP. The out-of-sample approach shows money tends to affect nominal more than real GDP.

Original language	English
Pages (from-to)	435-438
Number of pages	4
Journal	Economics Letters
Volume	99
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2007.09.008
Publication status	Published - 1 Jun 2008

Keywords

Foreign currency component
M1
M2
Money neutrality

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10.1016/j.econlet.2007.09.008

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title = "Effects of foreign currency component in monetary aggregates on money neutrality",

abstract = "We test the money neutrality from a new angle. The in-sample investigation provides evidence that M1 and M2 with or without foreign currency component affect nominal GDP. The out-of-sample approach shows money tends to affect nominal more than real GDP.",

keywords = "Foreign currency component, M1, M2, Money neutrality",

author = "Jimmy RAN and VOON, {Jan Piaw, Thomas} and Guangzhong LI",

year = "2008",

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T1 - Effects of foreign currency component in monetary aggregates on money neutrality

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AU - VOON, Jan Piaw, Thomas

AU - LI, Guangzhong

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Y1 - 2008/6/1

N2 - We test the money neutrality from a new angle. The in-sample investigation provides evidence that M1 and M2 with or without foreign currency component affect nominal GDP. The out-of-sample approach shows money tends to affect nominal more than real GDP.

AB - We test the money neutrality from a new angle. The in-sample investigation provides evidence that M1 and M2 with or without foreign currency component affect nominal GDP. The out-of-sample approach shows money tends to affect nominal more than real GDP.

KW - Foreign currency component

KW - M1

KW - M2

KW - Money neutrality

UR - http://commons.ln.edu.hk/sw_master/351

U2 - 10.1016/j.econlet.2007.09.008

DO - 10.1016/j.econlet.2007.09.008

M3 - Journal Article (refereed)

SN - 0165-1765

VL - 99

SP - 435

EP - 438

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Effects of foreign currency component in monetary aggregates on money neutrality

Abstract

Keywords

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