IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/79367.html
   My bibliography  Save this paper

Communism, Value Neutrality and Monetary Neutrality

Author

Listed:
  • Luo, Yinghao

Abstract

One of the most puzzling aspects about the functioning of the floating exchange rate regime of the 1980s has been that huge swings in exchange rate have had only muted effects on anything real. To understand this phenomenon, we study the relationship between communism and value neutrality and monetary neutrality. We find that the symmetry of communism is bound to lead to value neutrality. In the case of value neutrality, the economic man will certainly accept monetary neutrality. If money is neutral in the long run then even if purchasing power parity (PPP) is not valid in the short-run it will valid over the long run. However, without considering the time factor, communism is a kind of symmetry that is almost impossible to achieve. While considering the time factor, the symmetry of communism can be achieved in theory!

Suggested Citation

  • Luo, Yinghao, 2017. "Communism, Value Neutrality and Monetary Neutrality," MPRA Paper 79367, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:79367
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/79367/1/MPRA_paper_79367.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Yinghao LUO, 2016. "Nonlinear Trend and Purchasing Power Parity," Journal of Economics Bibliography, KSP Journals, vol. 3(3), pages 490-497, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Luo, Yinghao, 2020. "Symmetry, Efficient Markets and Monetary Neutrality," MPRA Paper 101891, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      Keywords

      communism; symmetry; value neutrality; monetary neutrality; purchasing power parity;
      All these keywords.

      JEL classification:

      • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
      • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
      • D3 - Microeconomics - - Distribution
      • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
      • F3 - International Economics - - International Finance

      NEP fields

      This paper has been announced in the following NEP Reports:

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:79367. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.