Interest Investment and Saving: A Causality Analysis

Jung-Gun Oh

in Staff Papers from South East Asian Central Banks (SEACEN) Research and Training Centre

Abstract: This paper aims at reviewing briefly the outline of the saving-investment controversy between the Neoclassical and Keynes's economics, whereby, empirical tests conducive to the settlement of the controversy were performed using the causality test and Vector Autoregressive analysis. The test results suggest some important implications on the practise of monetary policy. This paper was originally presented at the Tenth Pacific Basin Central Banks Conference held on 12-16 October 1992, at Beijing, China.

Date: 1992
ISBN: 983-9553-77-1
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