Reflection Around the Reality of Long-run concept: application to Money Neutrality

Issaoui Fakhri

MPRA Paper from University Library of Munich, Germany

Abstract: According to my own thought I can assume that Economists often use the concept of long-term, without knowing that the said concept is the moment in which the major crises trigger. When the optimistic replaces the economic pessimism, the short-terms are born and the economic agents reproduce their stupid behavior which consists on the purchase of future transactions by the fictional creation of the money. The time, at the time of crises, increases speed by trying to settle transactions that occurred in previous periods in differentiated time horizons Present / Future.

Keywords: Time; Long run; money neutrality (search for similar items in EconPapers)
JEL-codes: E4 E41 E5 (search for similar items in EconPapers)
Date: 2016-10-15
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
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