Leong, Choi-Meng; Puah, Chin-Hong; Abu Mansor, Shazali; … - Volkswirtschaftliche Fakultät, … - 2008
targeting has been substituted by interest rate targeting. Therefore, Divisia monetary aggregates, which are considered more … Divisia M2 money demand is stable and is capable to generate appropriate coefficients with correct signs for the variables … included. Thus, Divisia money has shed new light on the usefulness of monetary targeting in formulating monetary policy in …