政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/77970

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 110180/141113 (78%)
Visitors : 46570140 Online Users : 738

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大典藏 > College of Social Science > Department of Economics > Books & Chapters in Books > Item 140.119/77970

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/77970

Title:	Chapter 12 - Monetary Policy in Taiwan: The Implications of Liquidity
Authors:	Kelly, Logan;Binne, Jane;Chang, Chia-Ling;Tseng, Yi-Heng 張嘉玲
Contributors:	經濟系
Date:	2014
Issue Date:	2015-08-24 15:19:29 (UTC+8)
Abstract:	This chapter aims to investigate the construction of monetary aggregates in Taiwan using a monthly data series from January 1, 1970 to December 2013 inclusive. Taiwan is a country of great economic interest in the post-recession era. Financial innovation in Taiwan has been vast, outpacing that in the USA and UK; moreover the money supply still plays a key role in monetary policy making in Taiwan. This is in contrast to the UK and USA where money’s role has been downgraded to just one of many leading indicators of inflation. Our work uses a structural VAR approach to assess the performance of sophisticated Divisia indices in a small macroeconomic model. Future research will investigate the incorporation of risk aversion and utilize the prominent role money plays in Taiwanese policy to conduct counter-factual comparative studies of money-based vs. interest rate-based inflation targeting policy regimes.
Relation:	Handbook of Asian Finance: Financial Markets and Sovereign Wealth Funds, 221-235
Data Type:	book/chapter
DOI link:	http://dx.doi.org/10.1016/B978-0-12-800982-6.00012-3
DOI:	10.1016/B978-0-12-800982-6.00012-3
Appears in Collections:	[Department of Economics] Books & Chapters in Books

Files in This Item:

File	Description	Size	Format
221-235.pdf		809Kb	Adobe PDF2	731	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...