POON, Wai-Ching - In: Journal of Applied Research in Finance Bi-Annually I (2009) 1, pp. 63-71
This main objective of this paper is to construct the augmented monetary conditions index (hereafter MCI) over the quarterly period 1982:1-2007:4 using bounds test approach for cointegration analysis. Results reveal evidence of cointegration between the real output (LRGDP) and its determinants...