Output, the Price Level, Broad Money, and Divisia Monetary Aggregates With and Without Innovation: Taiwan, 1967(1)-1995(4).

In this paper we consider the relationship between output, the price level and the Central Bank's broad money aggregate, M2, which is a simple sum of six 'monies'. We consider by way of comparison a divisia index, which we adjust to allow, in the alternatively and conceptually divergent ways, for the financial liberalisation that Taiwan has (possibly) nominally experienced since the end of the 1970s.

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Year of publication:	1997
Authors:	Ford, J.L.
Institutions:	Department of Economics, University of Birmingham
Subject:	MACROECONOMICS \| BANKS

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	43 pages
Classification:	E4 - Money and Interest Rates ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; G2 - Financial Institutions and Services
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005357546