Long-Run Neutrality in an Arima Framework: Some Further Evidence

Patrick Coe

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: Ìn this paper I explore the long-run monetary neutrality using the framework developed by Fisher and Seater (1993). I show that their rejection of long-run neutrality in the United States for the 1870-1975 period is not robust to a change in the money aggregate or country.

Keywords: ECONOMIC CRISIS; FINANCIAL POLICY (search for similar items in EconPapers)
JEL-codes: E4 E5 N1 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:9605

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