Add to ORKGPrevious research considered impacts of monetary and output uncertainty on the demand for money in Australia using a linear model and found that while output volatility has significantly positive effects, money supply volatility does not. Furthermore, predictive power of the linear model was very low. In this paper we use a nonlinear model and a new measure of uncertainty known as policy uncertainty and show that this new measure has significantly long-run asymmetric effects on the demand for money in Australia. Due to nonlinear adjustment of policy uncertainty measure, the new nonlinear model has a very high predictive power. The adjusted R2 moves from 0.30 in the linear model to 0.80 in the nonlinear model
This paper analyses the impact of uncertainty about the true state of the economy on monetary polic...
We find evidence for asymmetric behaviour in the monetary policy of the Reserve Bank of Australia. F...
Since the global financial crisis of 2008, there has been a rise in economic uncertainty and money d...
Previous research considered impacts of monetary and output uncertainty on the demand for money in A...
A comprehensive measure of economic uncertainty, known as “Policy Uncertainty„, which wa...
Abstract Economic uncertainty is said to affect the demand for money in either direction. We...
In an attempt to establish stability of the demand for money, some recent studies have included the ...
In this paper we use a simple model of the Australian economy to empirically examine the consequence...
We find evidence for asymmetric behaviour in Australian monetary policy. During 1984-1990, the Reser...
This study aims to extend the conventional money demand function by including the economic policy u...
This paper examines whether monetary policy shocks have asymmetric effects on output in Australia. U...
Since the global financial crisis of 2008, there has been a rise in economic uncertainty and money d...
This dissertation comprises three independent but complementary chapters, all of which use advanced ...
This paper examines whether monetary policy shocks have asymmetric effects on output in Australia. U...
The study examines the stability of money demand in Nigeria for the period 1960-2015 by including t...
This paper analyses the impact of uncertainty about the true state of the economy on monetary polic...
We find evidence for asymmetric behaviour in the monetary policy of the Reserve Bank of Australia. F...
Since the global financial crisis of 2008, there has been a rise in economic uncertainty and money d...
Previous research considered impacts of monetary and output uncertainty on the demand for money in A...
A comprehensive measure of economic uncertainty, known as “Policy Uncertainty„, which wa...
Abstract Economic uncertainty is said to affect the demand for money in either direction. We...
In an attempt to establish stability of the demand for money, some recent studies have included the ...
In this paper we use a simple model of the Australian economy to empirically examine the consequence...
We find evidence for asymmetric behaviour in Australian monetary policy. During 1984-1990, the Reser...
This study aims to extend the conventional money demand function by including the economic policy u...
This paper examines whether monetary policy shocks have asymmetric effects on output in Australia. U...
Since the global financial crisis of 2008, there has been a rise in economic uncertainty and money d...
This dissertation comprises three independent but complementary chapters, all of which use advanced ...
This paper examines whether monetary policy shocks have asymmetric effects on output in Australia. U...
The study examines the stability of money demand in Nigeria for the period 1960-2015 by including t...
This paper analyses the impact of uncertainty about the true state of the economy on monetary polic...
We find evidence for asymmetric behaviour in the monetary policy of the Reserve Bank of Australia. F...
Since the global financial crisis of 2008, there has been a rise in economic uncertainty and money d...