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...
| Publicado en: | Philippine Review of Economics and Business (formerly The Philippine Review of Business and Economics) Vol. XXX, no. 1 (Jun. 1993), 91-101 |
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| Autor Principal: | |
| Formato: | Artigo |
| Idioma: | English |
| Publicado: |
1993
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| Subjects: |