Anomalous empirical evidence on money long-run super-neutrality and the vertical long-run Phillips curve

Andrea Vaona

No 2038, Kiel Working Papers from Kiel Institute for the World Economy

Abstract: Money long-run super-neutrality and the vertical long-run Phillips curve are two widely shared beliefs in the economics profession and among economic policy-makers. The present survey is devoted to anomalous empirical evidence which challenges this view. We consider a variety of studies, differing in terms of models, estimation strategies, and countries analyzed. We conclude with a brief discussion of some future possible developments of the literature.

Keywords: long-run; money non-super-neutrality; non-vertical Phillips curve; empirical evidence (search for similar items in EconPapers)
JEL-codes: E31 E40 E50 J64 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: Anomalous empirical evidence on money long-run super-neutrality and the vertical long-run Phillips curve (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:2038

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