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2014 | 15 | 2 | 209-222
Article title

SECTORAL MONEY SUPPLY EFFECTS IN UKRAINE

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
This paper examines the effects of anticipated and unanticipated money supply shocks over the 1999─2013 period across several sectors of the Ukraine’s economy. It is found that the anticipated money supply shock contributes to output growth in agriculture, food processing and machine-building industries, with no impact for the steel industry. Unanticipated money shock is expansionary for the machine-building industry, while being restrictionary for agriculture. In general, our results reject the Monetary Neutrality Hypothesis (MNH).
Year
Volume
15
Issue
2
Pages
209-222
Physical description
Dates
published
2014
Contributors
  • Institute of Economy, Sociology and Philosophy Cracow University of Technology
References
  • Ahmed S. (1993) Does money affect output? Business Review, No. 3, Federal Reserve Bank of Philadelphia, Philadelphia.
  • Apergis N., Miller S. (1998) Macroeconomic rationality and Lucas's misperceptions model: Further evidence from forty-one countries, Journal of Economics and Business, Vol. 56, Issue 3, pp. 227241.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-0437b6b7-d129-4eba-a461-96e6fa81f7ec
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