期刊名称：International Journal of Economics and Financial Issues
电子版ISSN：2146-4138
出版年度：2015
卷号：5
期号：1S
页码：98-105
语种：English
出版社：EconJournals
摘要：The studies on the demand for money rarely focus on the economic uncertainty rather than the scale variable (i.e., output), opportunity cost variables (i.e., interest rate and inflation rate) and external variable (i.e., exchange rate). To overcome this matter, this paper examines the relationships between the demand for money and economic uncertainty in 9 selected countries, including 4 selected developed countries and 5 selected developing countries. The findings suggest that the optimal economic uncertainty index can serve as an uncertainty indicator in signaling central bank’s economic policy decision making. This paper also suggests that the output, interest rate, inflation rate and exchange rate are useful indicators for the central bank’s economic policy decision making. Keywords: Demand for Money; Optimal Economic Uncertainty Index; Uncertainty JEL Classifications: C1; C33; E44
其他摘要：The studies on the demand for money rarely focus on the economic uncertainty rather than the scale variable (i.e., output), opportunity cost variables (i.e., interest rate and inflation rate) and external variable (i.e., exchange rate). To overcome this matter, this paper examines the relationships between the demand for money and economic uncertainty in 9 selected countries, including 4 selected developed countries and 5 selected developing countries. The findings suggest that the optimal economic uncertainty index can serve as an uncertainty indicator in signaling central bank’s economic policy decision making. This paper also suggests that the output, interest rate, inflation rate and exchange rate are useful indicators for the central bank’s economic policy decision making. Keywords: Demand for Money; Optimal Economic Uncertainty Index; Uncertainty JEL Classifications: C1; C33; E44
