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2007
- handle: 10670/1.erfbh2
- 1665-2045
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Economía Mexicana. Nueva Época
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Neutralism Neutrality--Law and legislation Specie Monetary question Money, Primitive Currency Standard of valueCiter ce document
Frederick H. Wallace et al., « Long Run Neutrality of Money in Mexico », Economía Mexicana. Nueva Época, ID : 10670/1.erfbh2
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Résumé
"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."