各位大侠,请帮忙找一下下面一篇文献。 在线等。
How Stable is the Demand for Money in Malaysia? New Empirical Evidence from Rolling RegressionChor Foon TANG (tcfoon@yahoo.com)
The IUP Journal of Monetary Economics, 2009, vol. VII, issue 3-4, pages 85-100
Abstract:The main objective of this paper is to empirically reinvestigate thelong-run Malaysian M2 money demand function and its stability over theperiod from 1971:1 to 2007:3. The Johansen-Juselius cointegration testin association with the modified Pantula’s principle is employed toexamine the long-run equilibrium relationship between M2 money demandand its determinants, such as real income, inflation rate and exchangerate. Apart from this, the rolling regression procedure is also used toexamine the stability of M2 money demand function. TheJohansen-Juselius test result suggests that the variables arecointegrated. However, the rolling regression procedure indicates thatthe Malaysian M2 money demand function was not stable over the analysisperiod owing to a series of shocks in the Malaysian monetary policyenvironment.
在此表示感谢。
nazikhan@yahoo.com


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