Stable Money Demand Function in Malaysia Supports Effective Monetary Policy
The study looked at how people in Malaysia use money over time, especially during big changes in the economy. They found that in the long term, the way people use money stays pretty consistent, even with all the changes happening. But in the short term, things can be a bit unpredictable. This means that using money as a guide for making decisions about the economy can be helpful, especially in the 1990s.