English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 94586/125118 (76%)
Visitors : 30479977      Online Users : 337
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/76957

    Title: Is money demand in Taiwan stable?
    Authors: Wu, Chung-Shu;Lin, Jin-Lung;Tiao, G.C.;Cho, D.D.
    Contributors: 經濟系
    Date: 2005-03
    Issue Date: 2015-07-27 14:36:49 (UTC+8)
    Abstract: Is money demand in Taiwan stable? Moreover, is money a luxury goods in Taiwan such that the income elasticity is greater than one? A casual application of Goldfeld type of money demand to the Taiwanese economy answers no to the first question and yes to the second one. This paper rigorously analyzes the money demand in Taiwan and attempts to provide more accurate answers to these questions. We employ both the ARMAX and cointegration models to study the money demand and use the rolling estimation approach to examine the stability of parameter estimates over time. Furthermore, we take into account the impact of stock market on money demand. Our empirical analysis concludes that the money demand in Taiwan is stable and that the income elasticity is less than one. Wrongly including a constant term within a dynamic model with lagged values of the dependent variable as regressors results in unstable estimates over time. In addition, the stock market is confirmed to have a significant impact on the demand of money. © 2003 Elsevier B.V. All rights reserved.
    Relation: Economic Modelling, 22(2 SPEC. ISS.), 327-346
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1016/j.econmod.2003.12.008
    DOI: 10.1016/j.econmod.2003.12.008
    Appears in Collections:[經濟學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    327-346.pdf281KbAdobe PDF513View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback