文章基本信息

标题：Dynamics linkages among Money, Output, Interest Rate
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作者：Ai-Yee Ooi ; Rayenda Khresna Brahmana
期刊名称：International Business Research
印刷版ISSN：1913-9004
电子版ISSN：1913-9012
出版年度：2010
卷号：4
期号：1
页码：145
DOI：10.5539/ibr.v4n1p145
语种：English
出版社：Canadian Center of Science and Education
摘要：This paper aims to examine the factors of monetary policy transmission that affecting output and inflation variability in Malaysia. By using quarterly data from 1980 to 2008, the results suggest that money is a lead output indicator and is also essential to curb inflation and maintain high growth rate in GDP. Interest rate is found as another important intermediate target in the monetary policy transmission mechanism in affecting output variability. The absence of causality from real GDP to price suggests that the excess of aggregates demand generated by increase in real GDP is absorbed by growth in aggregate supply.