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題名 Real Effect of Money on Real Stock Price in Taiwan
作者 Chen, Shyh-Wei;Shen, Chung-Hua
沈中華
貢獻者 金融系
關鍵詞 M2;Monetary;Money;Stock Price;Stocks
日期 2007-05
上傳時間 6-Oct-2015 15:49:03 (UTC+8)
摘要 This paper investigates the long-run response of real stock prices to a permanent monetary shock in Taiwan using recent enhancements in the testing of long-run neutrality hypotheses. The estimated results provide convincing evidence that M2 exerts no permanent effects on real stock prices irrespective of identification. M1B and MIA show positive effects when the second identification is taken into account. The short-run effects of a permanent shock of money is positive in most cases.
關聯 Empirical Economics Letters, 6(3), 217-224
資料類型 article
dc.contributor 金融系
dc.creator (作者) Chen, Shyh-Wei;Shen, Chung-Hua
dc.creator (作者) 沈中華zh_TW
dc.date (日期) 2007-05
dc.date.accessioned 6-Oct-2015 15:49:03 (UTC+8)-
dc.date.available 6-Oct-2015 15:49:03 (UTC+8)-
dc.date.issued (上傳時間) 6-Oct-2015 15:49:03 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/78871-
dc.description.abstract (摘要) This paper investigates the long-run response of real stock prices to a permanent monetary shock in Taiwan using recent enhancements in the testing of long-run neutrality hypotheses. The estimated results provide convincing evidence that M2 exerts no permanent effects on real stock prices irrespective of identification. M1B and MIA show positive effects when the second identification is taken into account. The short-run effects of a permanent shock of money is positive in most cases.
dc.format.extent 159 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Empirical Economics Letters, 6(3), 217-224
dc.subject (關鍵詞) M2;Monetary;Money;Stock Price;Stocks
dc.title (題名) Real Effect of Money on Real Stock Price in Taiwan
dc.type (資料類型) articleen