Money growth and Malaysian stock prices: A test of policy ineffectiveness proposition
The policy ineffectiveness proposition proposed by Lucas (1972) and Sargent and Wallace (1975) along the rational expectation model is tested in this study. The proposition claims that unanticipated changes in monetary aggregates exert significant influence on real economic activities while anticip...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia
2005
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/710/1/Noor_Azlan_Ghazali.pdf http://repo.uum.edu.my/710/ http://ijms.uum.edu.my |
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| Institution: | Universiti Utara Malaysia |
| Language: | English |