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Transactions: WSEAS TRANSACTIONS ON INFORMATION SCIENCE AND APPLICATIONS
Transactions ID Number: 42-317
Full Name: Manhwa Wu
Position: Assistant Professor
Age: ON
Sex: Female
Address: 250 Zhong-Shan N. Rd., Sec. 5, Taipei
Country: TAIWAN
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E-mail address: manhwa@mail.mcu.edu.tw
Other E-mails: alice.hwa@msa.hinet.net
Title of the Paper: The Effect of Money on Output in Taiwan with Robustness Concerns
Authors as they appear in the Paper: Yensen, Ni and Manhwa, Wu
Email addresses of all the authors: ysni@mail.tku.edu.tw,manhwa@mail.mcu.edu.tw
Number of paper pages: 13
Abstract: This paper investigates the effect of money on output in Taiwan with more robustness concerns. One of the concerns is if our empirical results are sensitive to six different lag-length chosen criteria, AIC, BIC, FPE, SBC, SIC, and HJC. We meanwhile like to find whether the empirical results with concerning asymmetric lag length are different from those with concerning symmetric lag length by employing six different lag-length chosen criteria as mentioned above. Furthermore, our study is to examine whether the empirical results applied by simulated data will vary with those applied by real data. In addition, whether empirical results applied with the short-term data will different from those applied with the long-term data are also examined. After taking into account the above concerns for robustness, our empirical results still show money will affect output and suggest that policymakers might adopt monetary policies with care in Taiwan.
Keywords: Money Growth, Lag-length Criteria, Output
EXTENSION of the file: .doc
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