Effects of foreign currency component in monetary aggregates on money neutrality

Jimmy RAN, Jan Piaw, Thomas VOON, Guangzhong LI

Research output: Journal PublicationsJournal Article (refereed)

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 languageEnglish
Pages (from-to)435-438
Number of pages4
JournalEconomics Letters
Volume99
Issue number3
DOIs
Publication statusPublished - 1 Jun 2008

Fingerprint

Money neutrality
Monetary aggregates
Foreign currency
Real GDP

Keywords

  • Foreign currency component
  • M1
  • M2
  • Money neutrality

Cite this

@article{a27cc7ab730441af95a2095a8e0ccb5a,
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",
month = "6",
day = "1",
doi = "10.1016/j.econlet.2007.09.008",
language = "English",
volume = "99",
pages = "435--438",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "3",

}

Effects of foreign currency component in monetary aggregates on money neutrality. / RAN, Jimmy; VOON, Jan Piaw, Thomas; LI, Guangzhong.

In: Economics Letters, Vol. 99, No. 3, 01.06.2008, p. 435-438.

Research output: Journal PublicationsJournal Article (refereed)

TY - JOUR

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

AU - RAN, Jimmy

AU - VOON, Jan Piaw, Thomas

AU - LI, Guangzhong

PY - 2008/6/1

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)

VL - 99

SP - 435

EP - 438

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 3

ER -