Addendum to 'Does money cause prices, or the other way around?' Multi-country econometric evidence including error-correction modelling from South-east Asia

Article Abstract:

The existence of a bivariate money-price causal direction is one of the common characteristics of the four economies studied from the Generalized Variance Decompositions models. The amount of money in circulation, in relation to prices, appears to have been utilized as a policy variable that led to CPI. A 20-quarter horizon analysis, as in the case of Malaysia, reveals that 80% of the observed money supply variance can be explained by its own shocks.

Analysis, Economic policy, Monetary policy, Southeast Asia, Money supply, Price indexes

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Trade liberalization effects on commodity imports in Cameron

Article Abstract:

The disaggregation of total imports into raw materials, consumer, intermediate and capital goods reveals that long-term relative price elasticities of import demand are higher in short-run values. Imports are income-elastic for capital and intermediate merchandise, and foreign-exchange inelastic for all classes of import, suggesting that the Cameron economy has been less receptive to trade in general.

Economic Planning & Research, Export Promotion, Imports, Demand (Economics), Commerce, Foreign trade promotion

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Does money cause prices, or the other way around:? multi-country econometric evidence including error-correction modelling from South-east Asia

Article Abstract:

There is evidence that strongly suggests that it was money supply that served as the main variable in determining prices in Thailand, Malaysia, Singapore and the Philippines during much of the three decades since 1960. Monetarists have maintained this belief, while structuralists argue that it is the other way around. The study was based on an enhanced methodology of the four countries.

Economic Statistics & Research, Thailand, Singapore, Pricing, Malaysia, Money, Philippines

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