A Review of the Literature on Monetary Neutrality

Maggie Tang

MPRA Paper from University Library of Munich, Germany

Abstract: Long-run monetary neutrality (LRMN) is an idea expressed from the quantity theory of money, which posits that a permanent change in money stock has no real effect in the long-run. The LRMN theory is an empirical matter with regard to monetary policy, where it helps to define the monetary transmission and is able to identify the effectiveness of monetary policy by investigating the role of money in the long run. As a result, the study of LRMN has attracted great interest for a long period of time.

Keywords: Long-run monetary neutrality; literature review (search for similar items in EconPapers)
JEL-codes: E4 (search for similar items in EconPapers)
Date: 2016-03-18
New Economics Papers: this item is included in nep-mac and nep-mon
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