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Monetary Aggregation and the Neutrality of Money

In: Money And The Economy

Author

Listed:
  • Apostolos Serletis

    (University of Calgary, Canada)

  • Zisimos Koustas

Abstract

The following sections are included:IntroductionThe Many Kinds of MoneyUnivariate Time-Series PropertiesLong-run Neutrality and SuperneutralityStability AnalysisConclusion

Suggested Citation

  • Apostolos Serletis & Zisimos Koustas, 2006. "Monetary Aggregation and the Neutrality of Money," World Scientific Book Chapters, in: Money And The Economy, chapter 4, pages 72-95, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812773500_0004
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    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789812773500_0004
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    Citations

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    Cited by:

    1. Serletis, Apostolos & Koustas, Zisimos, 2019. "Monetary Neutrality," Macroeconomic Dynamics, Cambridge University Press, vol. 23(6), pages 2133-2149, September.
      • Apostolos Serletis & Zisimos Koustas, "undated". "Monetary Neutrality," Working Papers 2015-06, Department of Economics, University of Calgary, revised 29 May 2015.
    2. repec:ebl:ecbull:v:3:y:2007:i:64:p:1-18 is not listed on IDEAS
    3. Apostolos Serletis & David Krause, 2006. "Nominal Stylized Facts of U.S. Business Cycles," World Scientific Book Chapters, in: Money And The Economy, chapter 2, pages 47-56, World Scientific Publishing Co. Pte. Ltd..
    4. Shyh-Wei Chen, 2007. "Evidence of the Long-Run Neutrality of Money: The Case of South Korea and Taiwan," Economics Bulletin, AccessEcon, vol. 3(64), pages 1-18.
    5. Sunil Paul & M. Ramachandran, 2013. "Do Currency Equivalent Monetary Aggregates Have an Edge over Their Simple Sum Counterparts?," South Asian Journal of Macroeconomics and Public Finance, , vol. 2(2), pages 107-143, December.

    More about this item

    Keywords

    Monetary Aggregation; Demand for Money; Demand Systems; Flexible Functional Forms; Welfare Cost of Inflation; Money-Income Causality; Nominal Stylized Facts;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other

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