Are money, interest rates, output and the exchange rate cointegrated? implications for monetary targeting
This study examines the relationship between various monetary aggregates and real income, the 91-day treasury bill rate, and the nominal exchange rate using the Engle and Granger cointegration method. The ide is that the choice for a monetary target should be controllable by the Central Bank and mus...
| Τόπος έκδοσης: | Philippine Review of Economics and Business (formerly The Philippine Review of Business and Economics) Vol. XXX, no. 1 (Jun. 1993), 91-101 |
|---|---|
| Κύριος συγγραφέας: | |
| Μορφή: | Άρθρο |
| Γλώσσα: | English |
| Έκδοση: |
1993
|
| Θέματα: |