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  • 标题:Money Supply and Inflation in Vietnam: An Approach from Structural Equation Model
  • 本地全文:下载
  • 作者:Thu Tran Thi Hoai
  • 期刊名称:Journal of Economics and Sustainable Development
  • 印刷版ISSN:2222-2855
  • 电子版ISSN:2222-2855
  • 出版年度:2019
  • 卷号:10
  • 期号:10
  • 页码:83-89
  • DOI:10.7176/JESD/10-10-10
  • 出版社:The International Institute for Science, Technology and Education (IISTE)
  • 摘要:This paper examines the relationship between money supply and inflation in Vietnam. Basing on the operating mechanism of the mediator - money transmission channels, Structural Equation Model (SEM) is being applied to describe and explain the uninterrupted impact chain from money supply to transmission channels and then from transmission channels to inflation in Vietnam. Data are collected from World Bank statistics as well as the General Statistics Office of Vietnam in the time period of 1995 to 2016 quarterly, to generate ad estimate the weight of the causal effects. The experimental result of this analysis shows that interest rate and exchange rate are the two main channels to secure the controlling purpose of money supply on inflation in Vietnam.
  • 关键词:inflation; money supply; money transmission channels; monetary policy; credit; exchange rate
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