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...
| Vydáno v: | The Philippine Review of Business and Economics Vol. XXX, No. 1 (June 1993), p. 91-101. |
|---|---|
| Hlavní autor: | |
| Médium: | Analytics |
| Jazyk: | English |
| Vydáno: |
1993.
|
| Témata: |