Is Money Neutral? Some Evidence for Italy

Gianluca Cubadda and Domenico Mignacca
Additional contact information
Domenico Mignacca: Universita di Ancona

International Finance from University Library of Munich, Germany

Abstract: The aim of this paper is to verify the hypothesis of money neutrality in the Italian experience. After a critical overview of the traditional techniques employed to verify this hypothesis, cointegration technique is used to verify: long-run neutrality, weak evidence of long-run superneutrality but absence of hyperneutrality. The absence of hyperneutrality implies that an acceleration of the growth rate of money affects real output.

JEL-codes: F3 F4 (search for similar items in EconPapers)
Date: 1994-10-20, Revised 1994-11-09
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/if/papers/9410/9410001.pdf (application/pdf)
https://econwpa.ub.uni-muenchen.de/econ-wp/if/papers/9410/9410001.ps.gz (application/postscript)

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:wpa:wuwpif:9410001

Access Statistics for this paper

More papers in International Finance from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).