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• W2768899360 abstract "Previous research considered impacts of monetary and output uncertainty on the demand for money in Australia using a linear model and found that while output volatility has significantly positive effects, money supply volatility does not. Furthermore, predictive power of the linear model was very low. In this paper we use a nonlinear model and a new measure of uncertainty known as policy uncertainty and show that this new measure has significantly long-run asymmetric effects on the demand for money in Australia. Due to nonlinear adjustment of policy uncertainty measure, the new nonlinear model has a very high predictive power. The adjusted R2 moves from 0.30 in the linear model to 0.80 in the nonlinear model." @default.
• W2768899360 created "2017-12-04" @default.
• W2768899360 creator A5015838945 @default.
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• W2768899360 date "2018-04-03" @default.
• W2768899360 modified "2023-10-10" @default.
• W2768899360 title "Policy Uncertainty and the Demand for Money in Korea: An Asymmetry Analysis" @default.
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• W2768899360 doi "https://doi.org/10.1080/10168737.2018.1481129" @default.
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