Linkage between Money and Prices: A Causality Analysis for Malaysia

Mohd Fahmi Ghazali · Hanudin Amin · Mohd Zulkifli Muhammad · Siti Hajar Samsu

13 citations0/0 files storedInternational Business Research

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Market Dynamics and Volatility Economic theories and models

Abstract

The main purpose of this paper is to examine the relationship between money and prices in Malaysia. This research considers monthly data of money supply M1, M2 and M3 and consumer price index (CPI) from January 1974 to September 2006. The Johansen cointegration method suggests that there is a long-run equilibrium relationship between money supply with prices. Toda-Yamamoto causality tests find that there is uni-directional causality running from money supply to CPI. Therefore, the empirical evidence from Malaysia supports the quantity theorist’s view.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 13 citations exist upstream.

References

1988Statistical analysis of cointegration vectors 1991Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models 1995Statistical inference in vector autoregressions with possibly integrated processes 1993The role of macroeconomic factors in growth 1991Statistical Analysis of Cointegration Vectors 1997Monte Carlo Evidence on Cointegration and Causation 1989A comparison of lag–length selection techniques in tests of Granger causality between money growth and inflation: evidence for the US, 1959–86 1999On the Role Exports in the Economic Growth of Malaysia: A Multivariate Analysis

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.