characteristics of each variable are rigorously investigated. This is followed by application of the long run neutrality test …, introduced by Fisher and Seater (1993), to each real expenditures series. Results support long run neutrality of both M2 and M3 …

neutrality away. …

The main aim of this article is to investigate the sources of non- neutrality in policy games involving one or more …

The main aim of this article is to investigate the sources of non- neutrality in policy games involving one or more … frameworks. We show that there are common roots in the non-neutrality results so far obtained in apparently different contexts as … finally show that there are other cases where the non-neutrality result can arise. …

The Fisher-Seater methodology is used to investigate long run money neutrality in Mexico from 1932-2001. Long run … neutrality is rejected for the full sample period. However, evidence suggests that the rejection is the result of a severe …, downward shift in the mean growth rate of real GDP occurring at 1982. Neutrality is not rejected if post-1981 real GDP is …