Long-Run Monetary Neutrality: Evidence from High Inflation Countries

Rok, strany: 2005, 895 - 910

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.

ISO 690:

Telatar, E., Cavusoglu, T. 2005. Long-Run Monetary Neutrality: Evidence from High Inflation Countries. In Ekonomický časopis/Journal of Economics, vol. 53, no.9, pp. 895-910. 0013-3035.

APA:

Telatar, E., Cavusoglu, T. (2005). Long-Run Monetary Neutrality: Evidence from High Inflation Countries. Ekonomický časopis/Journal of Economics, 53(9), 895-910. 0013-3035.