Wallace, Frederick H. - In: Revista Latinoamericana de Desarrollo Economico (2005) 5, pp. 127-138
The Fisher and Seater (1993) methodology is used to test for the long run neutrality of money in Guatemala, 1950-2001. Real GDP, real per capita GDP, and the money measures, M1 and M2, are integrated of order one [I (l)]. Given these orders of integration, the Fisher-Seater neutrality test can...