Money supply and inflation dynamics in the Asia-Pacific economies : a time-frequency approach
Studies in nonlinear dynamics & econometrics, 2017, Vol. 21, No. 3, OnlineOnly
BEKIROS, Stelios D., MUZAFFAR, Ahmed T., UDDIN, Gazi Salah, VIDAL-GARCIA, Javier, Money supply and inflation dynamics in the Asia-Pacific economies : a time-frequency approach, Studies in nonlinear dynamics & econometrics, 2017, Vol. 21, No. 3, OnlineOnly - http://hdl.handle.net/1814/49789
Retrieved from Cadmus, EUI Research Repository
We examine the relationship between money supply growth and inflation in 3 Asian Economies which are India, Malaysia and Japan using a time-frequency approach. The application of a unified multi-scale analysis allows us to provide a continuous assessment of the link between money supply growth and inflation, unlike most of the existing literature studying this relationship. We also employ a bivariate frequency-domain causality test to determine the nature and direction of interdependence between money supply growth and inflation dynamics. Our findings provide a better understanding of their lead-lag linkages and causal relationship in the selected countries of the Asia-Pacific region.
First published online: 5 April 2017
Cadmus permanent link: http://hdl.handle.net/1814/49789
Full-text via DOI: 10.1515/snde-2016-0051
Publisher: De Gruyter
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