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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
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Inside Money and Monetary Neutrality [PDF]
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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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
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Money neutrality: Rethinking the myth [PDF]
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
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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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IS LONG-RUN MONETARY NEUTRAL? EVIDENCE FROM INDONESIA
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
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Modeling Credit Emission in a Growing Economy: Long-Term Effects and Excesses [PDF]
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
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Another reason for non-neutrality of financial liquidity [PDF]
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
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On the Basic Preconditions of Non-Neutrality of Money in Economic Theory
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
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