Poon, Wai-Ching - In: The IUP Journal of Applied Economics VIII (2009) 3-4, pp. 72-83
: This paper constructs the Monetary Conditions Index (MCI) over the quarterly period 1983:2-2004:4, using the bounds test approach proposed by Pesaran et al. (2001). The bounds test evidently reveals long-run relationship between the real GDP and its determinants, i.e., long-term interest rate,...