Results 251 to 260 of about 181,046 (295)
Some of the next articles are maybe not open access.
Monetary Aggregation and the Neutrality of Money
Economic Inquiry, 2001This article tests the long‐run neutrality of money proposition using quarterly U.S. data over the period from 1960:1 to 1996:2 and the methodology suggested by King and Watson (1997), paying particular attention to the integration and cointegration properties of the variables. Comparisons are made among simple sum, Divisia, and currency equivalent (CE)
A Serletis, Z Koustas
openaire +1 more source
A Microeconomic Test of Money Neutrality
The Review of Economics and Statistics, 1984Conventional empirical studies of money neutrality have focussed on the response of aggregate economic measures to anticipated and unanticipated money supply shocks. The present paper uses data from the U.S. pork industry to test for money neutrality at the microeconomic level.
Enders, Walter, Falk, Barry
openaire +1 more source
Journal of Political Economy, 1973
The neutrality of changes in the monetary base and reserve requirements is examined assuming the existence of two forms of money and an arbitrary number of other financial assets. Necessary and sufficient conditions for a policy to be neutral are developed.
openaire +1 more source
The neutrality of changes in the monetary base and reserve requirements is examined assuming the existence of two forms of money and an arbitrary number of other financial assets. Necessary and sufficient conditions for a policy to be neutral are developed.
openaire +1 more source
Is the "Neutralized Money Stock" Unbiased?: Comment
The Journal of Finance, 1976IT IS GENERALLY ACCEPTED that observed measures of the money stock do not completely reflect the policy actions of the Federal Reserve in controlling economic activity [1, 3, 5]. The reason is that the observed money supply is composed of two components: (1) an exogeneous or policy induced component which represents the attempt of the monetary ...
Barth, James R, Bennett, James T
openaire +1 more source
1987
‘Neutrality of money’ is a shorthand expression for the basic quantity-theory proposition that it is only the level of prices in an economy, and not the level of its real outputs, that is affected by the quantity of money which circulates in it. Thus the notion — though not the term — goes back to early statements of the quantity theory, such as the ...
openaire +1 more source
‘Neutrality of money’ is a shorthand expression for the basic quantity-theory proposition that it is only the level of prices in an economy, and not the level of its real outputs, that is affected by the quantity of money which circulates in it. Thus the notion — though not the term — goes back to early statements of the quantity theory, such as the ...
openaire +1 more source
2010
This Handbook looks through the lens of the latest generation of scholars at the main propositions believed by so-called ‘Austrians’. Each contributing author addresses key tenets of the school of thought, and outlines its ongoing contribution to economics and to the social sciences.
openaire +1 more source
This Handbook looks through the lens of the latest generation of scholars at the main propositions believed by so-called ‘Austrians’. Each contributing author addresses key tenets of the school of thought, and outlines its ongoing contribution to economics and to the social sciences.
openaire +1 more source
What is the neutrality of money?
Economics Letters, 1994Abstract Two objections are made to the concept of superneutrality of money. It is not the logical counterpart to static neutrality of money. Secondly, it would be preferable to focus on the impact of real balances not solely on the capital-labor ratio and the real rate but on a broader range of real variables.
openaire +1 more source
European Journal of Political Economy, 1989
Abstract The paper is concerned with tests for Granger causality and for cointegration between (log) money and (log) output in Germany. Augmented Dickey—Fuller tests show that only second differences of both variables are stationary and only first differences (and not levels) are cointegrated. Furthermore it is shown that there is most times feedback
openaire +1 more source
Abstract The paper is concerned with tests for Granger causality and for cointegration between (log) money and (log) output in Germany. Augmented Dickey—Fuller tests show that only second differences of both variables are stationary and only first differences (and not levels) are cointegrated. Furthermore it is shown that there is most times feedback
openaire +1 more source
Money Multiplier and Velocity Playing for Money Neutrality
SSRN Electronic Journal, 2014Quantitative theory of money appears as having the most to say about the today money - e.g. this is a genuinely and largely developed and even developing theory of economics, a theory searching for relating the money base to real economy (i.e. national product or income) plus it verifies, as its basic equation (MV = PT) on long term.
openaire +1 more source
The Realization of Neutral Money
1989Our minds are accustomed to money as we know it. Neutral money has had little chance to unfold its own variety of forms in practice. Theoretical fantasy usually cannot compete with the manifoldness of reality. Thus it is difficult to predict what will happen once development of “neutral” transaction technologies has started.
openaire +1 more source