Frederick H.Wallace () (Profesor-Investigador, Departamento de Ciencias Económico-Administrativas, Universidad de Quintana Roo, Chetumal, Quintana Roo, México.) Gary L. Shelley () (Lecturer in Economics and Finance, Department of Economics, Finance, and Urban Studies, East Tennessee State University, Johnson City, Tennessee, USA)
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The Fisher-Seater (FS) methodology is used to investigate long run money neutrality with respect to real GDP and real output in ten selected industries in Mexico. Size distortions and low power of the FS test, issues first raised by Coe and Nason (2003, 2004), are addressed using the Coe-Nason bootstrapping procedure. The evidence indicates that long run money neutrality can be rejected for real GDP and for up to five of the ten industrial sectors studied. These findings indicate that the effects of monetary policy are likely to differ across sectors even in the long run.
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Volume (Year): XVI (2007) Issue (Month): 2 (July-December) Pages: 219-238 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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