Money Growth and Malaysian Stock Prices: A Test of Policy Ineffectiveness Proposition
The policy ineffectiveness proposition proposed by Lucas (1972) and Sargent and Wallace (1975) along the rational expectation model is tested in this study. The proposition claims that unanticipated changes in monetary aggregates exert significant influence on real economic activities while anticipa...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
UUM Press
2005-12-01
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| Series: | International Journal of Management Studies |
| Online Access: | https://e-journal.uum.edu.my/index.php/ijms/article/view/9212 |