Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia

The P-Star approach of modelling inflation proposed by Hallman et al. has been widely tested in the United States and other developed countries. The applicability of the P-Star model for the developing countries is yet to be determined. The main prupose of the present study is to add to the current...

Full description

Bibliographic Details
Main Author:	Muzafar Shah Habibullah
Format:	Article
Published:	Penerbit Universiti Kebangsaan Malaysia 1999
Online Access:	http://journalarticle.ukm.my/1360/ http://journalarticle.ukm.my/1360/

id	ukm-1360
recordtype	eprints
spelling	ukm-13602011-08-16T01:58:53Z http://journalarticle.ukm.my/1360/ Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia Muzafar Shah Habibullah, The P-Star approach of modelling inflation proposed by Hallman et al. has been widely tested in the United States and other developed countries. The applicability of the P-Star model for the developing countries is yet to be determined. The main prupose of the present study is to add to the current literature on the robustness of the P-Star model with respect to a developing country - Malaysia. Using a sample period from 1981:1 to 1994:4, our results suggest that Malaysian monetary data support the P-Star model. We conclude that there is a close relationship between money and the price level in Malaysia despite the occurences of financial liberalisation in the 1980s and 1990s Penerbit Universiti Kebangsaan Malaysia 1999 Article PeerReviewed Muzafar Shah Habibullah, (1999) Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia. Jurnal Ekonomi Malaysia, 33 . ISSN 0127-1962 http://www.ukm.my/~penerbit
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
description	The P-Star approach of modelling inflation proposed by Hallman et al. has been widely tested in the United States and other developed countries. The applicability of the P-Star model for the developing countries is yet to be determined. The main prupose of the present study is to add to the current literature on the robustness of the P-Star model with respect to a developing country - Malaysia. Using a sample period from 1981:1 to 1994:4, our results suggest that Malaysian monetary data support the P-Star model. We conclude that there is a close relationship between money and the price level in Malaysia despite the occurences of financial liberalisation in the 1980s and 1990s
format	Article
author	Muzafar Shah Habibullah,
spellingShingle	Muzafar Shah Habibullah, Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia
author_facet	Muzafar Shah Habibullah,
author_sort	Muzafar Shah Habibullah,
title	Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia
title_short	Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia
title_full	Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia
title_fullStr	Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia
title_full_unstemmed	Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia
title_sort	using p-star model to linking money and prices in a financial liberalised developing economy: the case for malaysia
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	1999
url	http://journalarticle.ukm.my/1360/ http://journalarticle.ukm.my/1360/
first_indexed	2023-09-18T19:33:07Z
last_indexed	2023-09-18T19:33:07Z
_version_	1777405093623103488

Using P-Star model to linking money and prices in a financial liberalised developing economy: The case for Malaysia

Similar Items