Long Run Neutrality of Money in Mexico
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| Format: | Artículo científico |
| Sprache: | en |
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Centro de Investigación y Docencia Económicas, A.C.
2007
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| _version_ | 1876450825554886656 |
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| author | Frederick H. Wallace |
| author_facet | Frederick H. Wallace |
| contents | Long Run Neutrality of Money in Mexico Frederick H. Wallace Gary L. Shelley Economía y Finanzas Fisher Seater Test bootstrapping money neutrality The Fisher-Seater (FS) methodology is used to investigate long run money neutrality with respect to real GDP and real output in ten selected industries in Mexico. Size distortions and low power of the FS test, issues firstraised by Coe and Nason (2003, 2004), are addressed using the Coe-Nasonbootstrapping procedure. The evidence indicates that long run money neutrality can be rejected for real GDP and for up to five of the ten industrial sectors studied. These findings indicate that the effects of monetary policy arelikely to differ across sectors even in the long run. 2007 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32316202 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.2 Vol.XVI |
| format | Artículo científico |
| id | redalyc_32316202 |
| institution | Redalyc |
| language | en |
| publishDate | 2007 |
| publisher | Centro de Investigación y Docencia Económicas, A.C. |
| spellingShingle | Long Run Neutrality of Money in Mexico Frederick H. Wallace Economía y Finanzas Fisher Seater Test bootstrapping money neutrality Long Run Neutrality of Money in Mexico Frederick H. Wallace Gary L. Shelley Economía y Finanzas Fisher Seater Test bootstrapping money neutrality The Fisher-Seater (FS) methodology is used to investigate long run money neutrality with respect to real GDP and real output in ten selected industries in Mexico. Size distortions and low power of the FS test, issues firstraised by Coe and Nason (2003, 2004), are addressed using the Coe-Nasonbootstrapping procedure. The evidence indicates that long run money neutrality can be rejected for real GDP and for up to five of the ten industrial sectors studied. These findings indicate that the effects of monetary policy arelikely to differ across sectors even in the long run. 2007 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32316202 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.2 Vol.XVI |
| title | Long Run Neutrality of Money in Mexico |
| topic | Economía y Finanzas Fisher Seater Test bootstrapping money neutrality |
| url | https://www.redalyc.org/articulo.oa?id=32316202 |