Testing Long-Run Neutrality of Monetary Policy : Evidence from the U.K

The paper presents empirical evidence on the long-run neutrality of monetary policy in the UK based on the methodology developed by Fisher and Seater. Money is found to be long-run neutral with respect to real GDP and real equity prices. However, in the short to medium term permanent positive shocks to money supply seem to be positively correlated with real GDP and negatively correlated with real equity prices

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Year of publication:	2022
Authors:	Malliaropulos, Dimitris
Publisher:	[S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Schätzung \| Estimation \| Neutralität des Geldes \| Neutrality of money \| Phillips-Kurve \| Phillips curve
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Applied Economics Letters, 1995, vol. 2, pp. 347-350 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 1, 1995 erstellt Volltext nicht verfügbar
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014236923