This paper looks at bound test approach for cointegration analysis, to verify the stability of Singaporean real Gross Domestic Product (GDP), to construct the Monetary Conditions Index (MCI) over the quarterly period 1981:1-2004:4. The bounds test confirms a long-run equilibrium relationship...

This paper presents the empirical evidence on the long-run neutrality (LRN) of money in the stock market in Malaysia, using seasonal adjusted monthly data from 1978:1 to 1999:12 , based on the bivariate ARIMA framework developed by Fisher and Seater (1993). Besides the main stock index, the...

More recently, the P-Star approach of modeling inflation, proposed by Hallman et al. (1989), has been widely tested for the United States and other developed countries. However, the applicability of the P-Star model for developing countries is yet to be determined. Thus, the main purpose of the...