Neutralidad monetaria a Largo plazo: El caso de Guatemala

The Fisher-Seater (1993) methodology is applied to Guatemala data (1950-2002) in order to test for long-run neutrality of money. Real GDP, consumption, investment and public expenditure, and the monetary base and M2a are found to be I(1). Given this order of integration, we applied the Fisher Seater neutrality test and we found evidence of M1 neutrality with respect to GDP, expenditure and consumption.

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Alternative title:	Long Run Money Neutrality in Guatemala
Year of publication:	2006
Authors:	Wallace, Fred ; Cabrera-Castellanos, Luis F.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Monetary Neutrality \| Guatemala

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Notes:	Published in Revista Perspectivas No. 2.Vol. I(2007): pp. 112-133
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E31 - Price Level; Inflation; Deflation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005790106