Long-run neutrality and superneutrality of money in South American economies

Robert Hiscock and Jagdish Handa

Applied Financial Economics, 2013, vol. 23, issue 9, 739-747

Abstract: This article tests long-run money neutrality and superneutrality for all South American economies from 1960 to 2009. Several of these economies have experienced bouts of hyperinflation. The tests, done for M1 and M2 , utilize Fisher and Seater's (1993) procedure. Money neutrality could not be rejected for both monetary aggregates for Brazil, Chile, Colombia, Guyana, Suriname, Uruguay and Venezuela, but was rejected for Argentina, Bolivia, Ecuador, Paraguay and Peru. Of the countries for which superneutrality could be tested, it was not rejected for both monetary aggregates for Bolivia, Brazil, Chile and for M2 for Colombia, Guyana, and Uruguay, but was rejected for Argentina and Peru.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/09603107.2012.744132 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:taf:apfiec:v:23:y:2013:i:9:p:739-747

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAFE20

DOI: 10.1080/09603107.2012.744132

Access Statistics for this article

Applied Financial Economics is currently edited by Anita Phillips

More articles in Applied Financial Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().