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Monetary Neutrality in the Nepalese Economy during 1975-2008

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  • Mukesh Khanal

Abstract

One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes in nominal variables do not have any impact on real variables. This paper studies the presence or absence of effective monetary policy in Nepal between 1975 and 2008 by observing money supply (nominal side), and real GDP (real). [NRB]. URL:[http://red.nrb.org.np/publications/economic_review/Economic_Review_(Occasional_Paper)--No_23,_April_2011+5_Monetary_Neutrality_in_the_Nepalese_Economy_during_1975-2008[Mukesh%20Khanal].pdf].

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  • Mukesh Khanal, 2011. "Monetary Neutrality in the Nepalese Economy during 1975-2008," Working Papers id:4647, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:4647
    Note: Institutional Papers
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    References listed on IDEAS

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    3. Nephil Matangi Maskay Ph.D. & Rajendra Pandit, 2010. "Interest Rate Pass-Through in Nepal," NRB Economic Review, Nepal Rastra Bank, Research Department, vol. 22, pages 1-18, April.
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    7. Nephil Matangi Maskay,Ph.D. & Rajendra Pandit, 2010. "Interest Rate Pass-Through in Nepal," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 22(1), pages 1-18, April.
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    10. Jacobson, Tor & Jansson, Per & Vredin, Anders & Warne, Anders, 1999. "A VAR Model for Monetary Policy Analysis in a Small Open Economy," Working Paper Series 77, Sveriges Riksbank (Central Bank of Sweden).
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