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Money and inflation in Malaysia: an analysis of causality (1970-92)


Abdullah, Ahmad Zainuddin and Yusof, Zulkornain (1994) Money and inflation in Malaysia: an analysis of causality (1970-92). In: Proceeding of the Seminar of Economics and Management, 18-19 Oct. 1994, Port Dickson, Malaysia. (pp. 1-15).


This paper investigates the causal relationship between money supply and rate of inflation using Malaysian data for the period 1970-92. The Granger methodology was adopted and results generally indicate a bidirectional relationship between money supply and the rate of inflation. In specific, money supply causes inflation for all cases (MI, M2 and the various choices of lag-lengths of the independent variable) while inflation causes money supply for all cases except for M₂ at lag 12 and M1 at lag 8 for the equal lag-length analysis.

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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Economics and Management
Publisher: Universiti Putra Malaysia
Keywords: Inflation; Money supply; Malaysian economy
Depositing User: Azhar Abdul Rahman
Date Deposited: 16 May 2016 08:12
Last Modified: 16 May 2016 08:12
URI: http://psasir.upm.edu.my/id/eprint/47454
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