Afat, Dinçer; Gómez-Puig, Marta; Sosvilla-Rivero, Simón - Asociación Española de Economía y Finanzas … - 2015
In this paper, we test three popular versions of the monetary model (flexible price, forward-looking and real interest … purchasing power parity as the reason for the failure of the monetary model, our analysis indicates that invalidity of Keynesian …