Is Money Neutral in the Long Run?

Burton Alan Abrams () and Russell Settle
Additional contact information
Russell Settle: Department of Economics,University of Delaware

No 05-04, Working Papers from University of Delaware, Department of Economics

Abstract: The traditional neoclassical open-economy flexible exchange rate model is expanded to include a “credit channel” by incorporating a bank loan market. The new “credit view” model provides substantially different predictions concerning the neutrality of money and the types of autonomous shocks that might affect the real exchange rate.

Keywords: Credit Channel; Monetary policy; Fixed Exchange Rates; Money Neutrality (search for similar items in EconPapers)
JEL-codes: F41 E51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-fmk, nep-ifn, nep-mac and nep-mon
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.lerner.udel.edu/economics/WorkingPapers/2005/UDWP2005-04.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:dlw:wpaper:05-04

Access Statistics for this paper

More papers in Working Papers from University of Delaware, Department of Economics
Contact information at EDIRC.
Series data maintained by Saul Hoffman ().