A Review of Literature on Monetary Neutrality - The case of India

Tai Hock Kuek

MPRA Paper from University Library of Munich, Germany

Abstract: This paper reviews the literature on monetary neutrality in India from empirical perspectives. Based on monetary neutrality proposition, increment in money supply has no effect on real variables in the long-run. In another words, monetary injection into the economy by the government will not trigger or promote real economic growth as in real gross domestic product (GDP) in the long-run. With monetary neutrality proposition, effectiveness of the current monetary policies in an economy can be examined. For the case of India, mixed results have been obtained on the issue of monetary neutrality.

Keywords: Monetary neutrality; literature review; India (search for similar items in EconPapers)
JEL-codes: E4 (search for similar items in EconPapers)
Date: 2016-06-13, Revised 2016-06-13
New Economics Papers: this item is included in nep-mac, nep-mon and nep-net
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:71962

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