Record Details

Monetary Policy and Economic Activity in a Low-Income Country: An Empirical Investigation

Philippine Review of Economics

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Field Value
 
Title Monetary Policy and Economic Activity in a Low-Income Country: An Empirical Investigation
 
Creator Canlas, Dante B.; University of the Philippines, School of Economics
 
Subject
 
Description The paper is an empirical investigation of the output effects of some aspects of monetary policy in a low-income setting. It is argued that the existing political institutions render the fiscal authority dominant over the monetary authority. Using some parsimonious representations of output growth, there is evidence supporting the proposition that unanticipated monetary policy matters. Holding private credit constant, currency in circulation has negative output effects. The conometric evidence is rationalized by invoking choice-theoretic based models of monetary economies that deliver propositions consistent with the evidence.
 
Publisher Philippine Review of Economics
 
Contributor
 
Date 1986-06-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/311
 
Source Philippine Review of Economics; Vol 23, No 1 & 2 (1986)
1655-1516
 
Language eng
 
Relation http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/311/369
 
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