Is Money Neutral? Some Evidence for Italy
AbstractThe aim of this paper is to verify the hypothesis of money neutrality in the Italian experience. After a critical overview of the traditional techniques employed to verify this hypothesis, cointegration technique is used to verify: long-run neutrality, weak evidence of long-run superneutrality but absence of hyperneutrality. The absence of hyperneutrality implies that an acceleration of the growth rate of money affects real output.
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Bibliographic InfoPaper provided by EconWPA in its series International Finance with number 9410001.
Date of creation: 20 Oct 1994
Date of revision: 09 Nov 1994
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Find related papers by JEL classification:
- F3 - International Economics - - International Finance
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
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