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政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/78871

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/78871

Title:	Real Effect of Money on Real Stock Price in Taiwan
Authors:	Chen, Shyh-Wei;Shen, Chung-Hua 沈中華
Contributors:	金融系
Keywords:	M2;Monetary;Money;Stock Price;Stocks
Date:	2007-05
Issue Date:	2015-10-06 15:49:03 (UTC+8)
Abstract:	This paper investigates the long-run response of real stock prices to a permanent monetary shock in Taiwan using recent enhancements in the testing of long-run neutrality hypotheses. The estimated results provide convincing evidence that M2 exerts no permanent effects on real stock prices irrespective of identification. M1B and MIA show positive effects when the second identification is taken into account. The short-run effects of a permanent shock of money is positive in most cases.
Relation:	Empirical Economics Letters, 6(3), 217-224
Data Type:	article
Appears in Collections:	[金融學系] 期刊論文

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