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Neutralidad monetaria a Largo plazo: El caso de Guatemala
[Long Run Money Neutrality in Guatemala]

Author

Listed:
  • Wallace, Fred
  • Cabrera-Castellanos, Luis F.

Abstract

The Fisher-Seater (1993) methodology is applied to Guatemala data (1950-2002) in order to test for long-run neutrality of money. Real GDP, consumption, investment and public expenditure, and the monetary base and M2a are found to be I(1). Given this order of integration, we applied the Fisher Seater neutrality test and we found evidence of M1 neutrality with respect to GDP, expenditure and consumption.

Suggested Citation

  • Wallace, Fred & Cabrera-Castellanos, Luis F., 2006. "Neutralidad monetaria a Largo plazo: El caso de Guatemala [Long Run Money Neutrality in Guatemala]," MPRA Paper 4025, University Library of Munich, Germany, revised 2006.
    • Handle: RePEc:pra:mprapa:4025
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    References listed on IDEAS

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    More about this item

    Keywords

    Monetary Neutrality; Guatemala;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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