Long-run monetary neutrality: Evidence from high inflation countries

被引：0
|
作者：
Telatar, E [1 ]
Cavusoglu, T
机构：
[1] Hacettepe Univ, Dept Econ, TR-06100 Ankara, Turkey
[2] Hacettepe Univ, Dept Publ Finance, TR-06100 Ankara, Turkey
来源：
EKONOMICKY CASOPIS | 2005年 / 53卷 / 09期
关键词：
long-run neutrality; inflation;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of this paper is to investigate issues of long-run neutrality and long-run superneutrality of money using data of high inflation countries (Argentina, Brazil, Ecuador, Mexico, Uruguay and Turkey). It is found that money is long-run neutral but not superneutral with respect to real output for Argentina and Uruguay indicating that money growth has a negative effect on real output. The long-run superneutrality holds for Brazil, Mexico and Turkey. The long-run neutrality is rejected for Ecuador.
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页码：895 / 910
页数：16
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