This paper aims at reviewing briefly the outline of the saving-investment controversy between the Neoclassical and Keyness economics whereby empirical tests conducive to the settlement of the controversy were performed using the causality test and Vector Autoregressive analysis. The test results suggest some important implications on the practise of monetary policy. This paper was originally presented at the Tenth Pacific Basin Central Banks Conference held on 12-16 October 1992 at Beijing China.
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