NDLI: MONETARY NEUTRALITY

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MONETARY NEUTRALITY

Content Provider	Scilit
Author	Serletis, Apostolos Koustas, Zisimos
Copyright Year	2017
Description	We test the long-run neutrality of money proposition for the United States paying attention to the integration and cointegration properties of the variables. We use quarterly data (over the period from 1967:1 to 2014:1) and the new Center for Financial Stability Divisia monetary aggregates. We make a comparison among the narrower monetary aggregates, M1, M2M, MZM, M2, and ALL, and the broad monetary aggregates, M4+, M4-, and M3, and show that there is no statistically significant evidence against long-run monetary neutrality, consistent with both monetarist and Keynesian macroeconomic theory.
Related Links	https://www.cambridge.org/core/services/aop-cambridge-core/content/view/723743838B79D0C50DE1CA4DC6A177C2/S1365100517000621a.pdf/div-class-title-monetary-neutrality-div.pdf
Ending Page	2149
Page Count	17
Starting Page	2133
ISSN	13651005
e-ISSN	14698056
DOI	10.1017/s1365100517000621
Journal	Macroeconomic Dynamics
Issue Number	06
Volume Number	23
Language	English
Publisher	Cambridge University Press (CUP)
Publisher Date	2019-09-01
Access Restriction	Open
Subject Keyword	Macroeconomic Dynamics Mathematical Social Sciences Monetary Policy Money Shocks Divisia Monetary Aggregates
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

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