DocumentCode
532866
Title
Notice of Retraction
An empirical analysis on non-neutrality of money in China based on VAR model
Author
Hui Peng ; Shuyan Song
Author_Institution
Sch. of Bus. Adm., Northeastern Univ., Shenyang, China
Volume
12
fYear
2010
fDate
22-24 Oct. 2010
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Based on the data from 1978 to 2009, this paper selects variables such as money supply, real GDP and CPI as well as builds time series to prove that quantity of money has a certain impact on both the actual output and the nominal price level, while the impact of the former is stronger than that of the latter. All of the above analyzes are based on co-integration analysis, Granger Causality Test, VAR model and pulse analysis. In the end, we can reach the conclusion that Chinese currency appears non-neutral in the long run.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Based on the data from 1978 to 2009, this paper selects variables such as money supply, real GDP and CPI as well as builds time series to prove that quantity of money has a certain impact on both the actual output and the nominal price level, while the impact of the former is stronger than that of the latter. All of the above analyzes are based on co-integration analysis, Granger Causality Test, VAR model and pulse analysis. In the end, we can reach the conclusion that Chinese currency appears non-neutral in the long run.
Keywords
autoregressive processes; econometrics; financial management; time series; China; Granger causality test; VAR model; cointegration analysis; money nonneutrality; nominal price level; pulse analysis; time series; Analytical models; Biological system modeling; Economic indicators; Educational institutions; Equations; Mathematical model; Granger Causality Test; Non-neutrality of money; VAR model; co-integration analysis; pulse analysis;
fLanguage
English
Publisher
ieee
Conference_Titel
Computer Application and System Modeling (ICCASM), 2010 International Conference on
Conference_Location
Taiyuan
Print_ISBN
978-1-4244-7235-2
Type
conf
DOI
10.1109/ICCASM.2010.5622453
Filename
5622453
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