Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/334125 
Year of Publication: 
2024
Citation: 
[Journal:] Asian Journal of Economics and Banking (AJEB) [ISSN:] 2633-7991 [Volume:] 8 [Issue:] 2 [Year:] 2024 [Pages:] 294-306
Publisher: 
Emerald, Leeds
Abstract: 
Purpose - This study focuses on analyzing the relation between money supply, inflation and output in Vietnam and China. Design/methodology/approach - Using the error correction model and the vector autoregression model (ECM and VAR) and the canonical cointegration regression (CCR), the study shows similar patterns of these variable relations between the two economies. Findings - The study points out the difference in the estimated coefficients between the two countries with different economic scales. While inflation in Vietnam is strongly influenced by expected inflation and output growth, inflation in China is strongly influenced by money supply growth and output growth. Originality/value - To the best of the authors' knowledge, this is the first empirical and comparative research on the relation between money supply, inflation and output for Vietnam and China. The study demonstrates that the relationship between money supply, inflation and output is still true in case of transition economies.
Subjects: 
Inflation
Monetary policy
Money supply
Output
JEL: 
E3
E45
O11
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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