本文使用GARCH模型來衡量貨幣的波動，並檢視貨幣波動與產出間之對稱與非對稱落後期模型的短期動態關係。從日本的實證中發現：選擇不同的落後期產生不同的結果，暗示落後期方法之選擇間存在矛盾性。 The paper uses GARCH models to generate our measure of money volatility and then tests the short-run dynamic relationship between money volatility and output for symmetric and asymmetric lag models. We conclude that the evidence of different methods for lags chosen in Japan shows different conclusion. It implies a contradiction among these methods used.
Relation:
第二屆管理創新與實務研討會論文集(一)=The Second Management Innovation and Practices Conference(I)，頁13-20
