LONG-RUN MONETARY NEUTRALITY: EVIDENCE FROM HIGH INFLATION COUNTRIES

• Authors: Telatar Erdinc , Cavusoglu Tarkan
• Languages of publication: EN

Abstracts

EN

The aim of this paper is to investigate issues of long-run neutrality and long-run superneutrality of money using data of high inflation countries (Argentina, Brazil, Ecuador, Mexico, Uruguay and Turkey). It is found that money is long-run neutral but not superneutral with respect to real output for Argentina and Uruguay indicating that money growth has a negative effect on real output. The long-run superneutrality holds for Brazil, Mexico and Turkey. The long-run neutrality is rejected for Ecuador.

Keywords

EN

HIGH INFLATION COUNTRIES; INFLATION; LONG-RUN NEUTRALITY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2005
• Volume: 53
• Issue: 9
• Pages: 895-910
• Document type: ARTICLE

Contributors

author

Telatar Erdinc

author

Cavusoglu Tarkan

• E. Telatar, Ústav slovenskej a svetovej ekonomiky SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

06SKAAAA00992298