教師資料查詢 | 類別: 期刊論文 | 教師: 歐陽良裕 Ouyang, Liang-yu (瀏覽個人網頁)

標題:Examining the relationship between money uncertainty and inflation in Taiwan
學年91
學期2
出版(發表)日期2003/05/01
作品名稱Examining the relationship between money uncertainty and inflation in Taiwan
作品名稱(其他語言)
著者歐陽良裕; Ouyang, Liang-yuh; 倪衍森; Ni, Yen-sen; Wu, M. H.
單位淡江大學經營決策學系
出版者Analytic Publishing Co
著錄名稱、卷期、頁數Journal of information & optimization sciences 24(2), pp.239-248
摘要The paper uses monthly data of money and consumer price index from January 1988 to December 1998 for Taiwan. We use GARCH(1, 1) models to generate our measure of money volatility and then test the short-run dynamic relationship between money volatility and inflation, instead of money and inflation. From our empirical results, we may reasonable conclude money volatility has significant, and positive effect on inflation. Furthermore, from the extensive study of impulse response functions, the results reveal that inflation reacts immediately and dramatically for monetary volatility shocks, which are also different from monetary shocks on inflation. It reveals that stable monetary policy will be better for economy, since uncertainty of money will cause inflation and fluctuation of economy.
關鍵字Money;money volatility;inflation
語言英文
ISSN0252-2667
期刊性質國內
收錄於
產學合作
通訊作者
審稿制度
國別中華民國
公開徵稿
出版型式,電子版
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