Money supply and inflation dynamics in the Asia-Pacific economies: a time-frequency approach
Stelios Bekiros (),
Muzaffar Ahmed T.,
Uddin Gazi S. and
Additional contact information
Muzaffar Ahmed T.: University of Western Sydney, School of Business, Parramatta Campus, Locked Bag 1797, Penrith, NSW 2751, Australia
Uddin Gazi S.: Linköping University, Department of Management and Engineering, SE-581 83Linköping, Sweden
Vidal-García Javier: Complutense University Madrid, Madrid, Spain
Studies in Nonlinear Dynamics & Econometrics, 2017, vol. 21, issue 3, 12
We examine the relationship between money supply growth and inflation in 3 Asian Economies which are India, Malaysia and Japan using a time-frequency approach. The application of a unified multi-scale analysis allows us to provide a continuous assessment of the link between money supply growth and inflation, unlike most of the existing literature studying this relationship. We also employ a bivariate frequency-domain causality test to determine the nature and direction of interdependence between money supply growth and inflation dynamics. Our findings provide a better understanding of their lead-lag linkages and causal relationship in the selected countries of the Asia-Pacific region.
Keywords: monetary policy; wavelet analysis; nonlinear causality (search for similar items in EconPapers)
JEL-codes: C40 E3 E4 E50 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.degruyter.com/view/j/snde.2017.21.issu ... -0051.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bpj:sndecm:v:21:y:2017:i:3:p:12:n:3
Ordering information: This journal article can be ordered from
Access Statistics for this article
Studies in Nonlinear Dynamics & Econometrics is currently edited by Bruce Mizrach
More articles in Studies in Nonlinear Dynamics & Econometrics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().