Money, income and the Lucas critique: the case for Malaysia
The objective of this study is to determine the usefulness of the monetary aggregates in Malaysia for policy action purposes. Money MI and M2 were tested for weak exogeneity, strong erogeneity and superexogeneity (which implies Lucas critique) within a seasonal error-correction model framework. Our...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia
2001
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/431/1/Muzafar_Shah_Habibullah.pdf |