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Inside Money and Monetary Neutrality [PDF]
Journal of Macroeconomics, 1991 This paper examines the interaction between the financial and real sectors of the economy within the framework of a stochastic, rational expectation model that distinguishes between inside and outside money. The model also can be used to study the impact
Carl E. Walsh, Peter R. Hartley
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, 1995 Prize Lecture to the memory of Alfred Nobel, December 7, 1995.Money neutrality;
Lucas, Jr., Robert E.
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MACROECONOMIC BALANCE AND NEUTRAL MONETARY POLICY
Вестник университета, 2020 The problem of macroeconomic equilibrium as a theoretical basis for monetary policy has been considered. In this regard, the concept of long-term equilibrium and money neutrality has been criticized. The position on the non-equilibrium nature of economic
V. K. Krylov
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International evidence on stochastic and deterministic monetary neutrality [PDF]
Economic Modelling, 2008 We analyze the issue of the impact of multiple breaks on monetary neutrality results, using a long annual international data set. We empirically verify whether neutrality propositions remain addressable (and if so, whether they hold or not), when unit ...
Noriega, Antonio E. +2 more
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Money Neutrality, Monetary Aggregates and Machine Learning [PDF]
Algorithms, 2019 The issue of whether or not money affects real economic activity (money neutrality) has attracted significant empirical attention over the last five decades.
Periklis Gogas +2 more
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European monetary policy: Between market neutrality and climate change
Culture, Practice & Europeanization, 2022 Climate change has also become a relevant topic in the financial sector. According to a survey of 33 central banks, 70 percent describe climate change as a major threat to financial market stability. Thus, if climate change threatens the stability of the
Jenny Preunkert
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TESTS OF MONETARY NEUTRALITY ON FARM OUTPUT [PDF]
, 1991 According to the monetary neutrality hypothesis, only the unanticipated money supply growth has impacts on real economic variables, and the anticipated money supply growth has no real impacts.
Devadoss, Stephen
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On Long-Run Monetary Neutrality in Japan [PDF]
Monetary and Economic Studies, 2004 This paper comprehensively investigates long-run monetary neutrality in Japan, with due consideration to the order of integration of the money stock and real output, mainly using long-term time-series data retroactively available from the Meiji Period ...
Oi, Hiroyuki +2 more
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Monetary Policy, Neutrality and the Environment [PDF]
SSRN Electronic Journal, 2021 AbstractWe study the interaction between monetary/fiscal policies in a Ramsey–Sidrauski model augmented with the “Green Golden Rule.” We demonstrate conditions whereby monetary and fiscal policy under different utility and preference assumptions are or are not environmentally neutral. Despite its nonseparability in utility, we demonstrate that money is
Faria, JR, Mcadam, P, Viscolani, B
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MethodsX, 2021 This paper investigates the long-run money neutrality (LMN) and long-run money superneutrality (LMSN) hypothesis for both the industry sector and the entire Iranian economy by using the data of 1979–2018 and applying Fisher and Seater's (1993) ARIMA ...
Nasim Iranmanesh +1 more
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