Testing long-run monetary neutrality propositions: lessons from the recent research
In this paper, James Bullard reviews the recent evidence on the long-run neutrality and superneutrality of money. Bullard restricts his attention primarily to several papers assessing the time-series evidence using techniques due to Fisher and Seater (1993) and King and Watson (1997).
Volume (Year): (1999)
Issue (Month): Nov ()
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- Haug, Alfred A & Lucas, Robert F, 1997. "Long-Run Neutrality and Superneutrality in an ARIMA Framework: Comment," American Economic Review, American Economic Association, vol. 87(4), pages 756-759, September.
- Shaghil Ahmed & John H. Rogers, 1996. "Long-term evidence on the Tobin and Fisher effects: a new approach," International Finance Discussion Papers 566, Board of Governors of the Federal Reserve System (U.S.).
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