Neutralidad monetaria a Largo plazo: El caso de Guatemala

Long Run Money Neutrality in Guatemala

Frederick Wallace and Luis Cabrera-Castellanos

MPRA Paper from University Library of Munich, Germany

Abstract: The Fisher-Seater (1993) methodology is applied to Guatemala data (1950-2002) in order to test for long-run neutrality of money. Real GDP, consumption, investment and public expenditure, and the monetary base and M2a are found to be I(1). Given this order of integration, we applied the Fisher Seater neutrality test and we found evidence of M1 neutrality with respect to GDP, expenditure and consumption.

Keywords: Monetary Neutrality; Guatemala (search for similar items in EconPapers)
JEL-codes: E31 E52 (search for similar items in EconPapers)
Date: 2006, Revised 2006
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Published in Revista Perspectivas No. 2.Vol. I(2007): pp. 112-133

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