Wallace, Frederick H.; Shelley, Gary L.; Castellanos, … - In: El Trimestre Económico LXXI (3) (2004) 283, pp. 613-624
The Fisher-Seater (1993) methodology is applied to Nicaraguan data in order to test for long-run neutrality of money. Both the monetary base and M2a are found to be I(2) variables while real GDP is I(1). Given these orders of integration, the neutrality hypothesis cannot be rejected under their...