Testing a non linear model of monetary policy reaction function: evidence from Malaysia
This paper estimates a nonlinear model of monetary policy reaction function by augmenting the standard Taylor rule equation for the case of Malaysia. M\netary policy reaction function is identified by which the BNM sets the current level ofpolicy rates after observing the current level ofoutput, i...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2014
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| Online Access: | http://journalarticle.ukm.my/8509/ http://journalarticle.ukm.my/8509/ http://journalarticle.ukm.my/8509/1/jeko_48%282%29-2.pdf |