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Neutral money reconsidered

open access: yesPSL Quarterly Review, 2013
The concept of neutral money occupies a notable place in monetary theory, from neoclassical literature to the present. This paper reconsiders the meaning of the neutrality of money and the nature of the conditions that make for such neutrality.
J. ASCHHEIM
doaj   +2 more sources

Inside Money and Monetary Neutrality [PDF]

open access: yesJournal 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
core   +2 more sources

A Note on Money Neutrality

open access: yesQuarterly Journal of Austrian Economics, 2023
Although Pascal Salin’s desire to build bridges between the Austrian School and the Chigago School, as well as his efforts to smooth out the differences between schools of monetary thought, is admirable, it is difficult to see the need or the urgency to ...
Carmen Elena Dorobăț
doaj   +2 more sources

Money neutrality: Rethinking the myth [PDF]

open access: yesPanoeconomicus, 2015
Considered as an axiomatic basis of classical, neoclassical, and monetarist theories, the long-run money neutrality assumption does not always seem to be verified.
Issaoui Fakhri   +2 more
doaj   +2 more sources

Testing the long-run neutrality and superneutrality of money in a developing country: Evidence from Iran

open access: yesMethodsX, 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
doaj   +1 more source

IS LONG-RUN MONETARY NEUTRAL? EVIDENCE FROM INDONESIA

open access: yesEconomic Journal of Emerging Markets, 2011
This paper examines the long-run monetary neutrality in Indonesia, mainly using annual time-series during 1970-2007. It uses Fisher-Seater methodology to analyze the research problems.
Arintoko Arintoko
doaj   +7 more sources

Modeling Credit Emission in a Growing Economy: Long-Term Effects and Excesses [PDF]

open access: yesAlterEconomics, 2022
According to experts, the factor of monetary emission has not been studied enough among the factors which influence the emergence of long-period economic cycles. The neutrality of money is one of the reasons of long-period cycles.
Sergey Y. MALKOV   +1 more
doaj   +1 more source

Another reason for non-neutrality of financial liquidity [PDF]

open access: yesPanoeconomicus, 2019
This paper reinterprets the non-neutrality of financial liquidity under a general equilibrium model with multiple financial liquidities, but without price stickiness.
Lee Jong-Eun
doaj   +1 more source

On the Basic Preconditions of Non-Neutrality of Money in Economic Theory

open access: yesЖурнал институциональных исследований, 2021
Based on the experimental calculations carried out with the help of the shifting mode reproduction model, as well as on the theoretical studies of Marx, Schumpeter, Keynes and his followers - representatives of the post-Keynesian direction, two ...
Vladimir I. Maevsky
doaj   +1 more source

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