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來源資料
頁籤選單縮合
題 名 | 貨幣供給額與股價指數之因果關係檢定=A Causality Test of Money Supply and Stock Price |
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作 者 | 曾美萍; | 書刊名 | 正修學報 |
卷 期 | 9 1996.07[民85.07] |
頁 次 | 頁187-193 |
分類號 | 562.1 |
關鍵詞 | 因果關係; 貨幣供給額; 股價指數; Granger causality; Money supply; Stock price index; |
語 文 | 中文(Chinese) |
中文摘要 | Granger (1969) 提出變數之間因果關係之檢定方法,本文利用臺灣1987年至1994 年間貨幣供給額與股價指數的實證資料, 以探討兩者之間是否有 Granger 所謂的因果關係 ( Granger Causality )存在, 實證發現大多數模型的實證結果均出現貨幣供給額與股價 指數是同時發生的。唯有兩個例外:一個是 1987.1 ∼ 1990.12 期間貨幣供給額( M �砥^ 變動先於股價波動發生; 另一個是 1991.1 ∼ 1994.12 期間股價波動先於貨幣供給額( M �陛^發生。 |
英文摘要 | The purpose of this paper is to study the precedence between the movements in money supply and stock price index of Taiwan by using the Granger Causality test. The study is designed to find the precedence by testing the following three relationship: 1.The changes of money supply procede the movements in stock price index. 2.The movements in stock price index precede the changes of money supply. 3.The movements and changes are contemporaneous. The monthly data from 1987 to 1994 are employed. The results confirm that the changes of money supply and the movements in stock price index are almost contemporaneous. |
本系統中英文摘要資訊取自各篇刊載內容。