Sufficient cointegration and Wald tests of the monetary transmission mechanism

被引：0
|
作者：
Rossiter, RD [1 ]
Jung, CH [1 ]
机构：
[1] Ohio Univ, Dept Econ, Athens, OH 45701 USA
来源：
APPLIED ECONOMICS LETTERS | 1999年 / 6卷 / 08期
关键词：
D O I：
10.1080/135048599352817
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This letter re-examines the role of commercial loans versus demand deposits in the monetary transmission mechanism using short-run and long-run sequential causality testing procedures designed by Toda and Phillips. Empirical results support the credit view that bank loans are as good a predictor of income as demand deposits.
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页码：501 / 503
页数：3
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