Long Run Neutrality of Money in Mexico

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 first raised by Coe and Nason (2003, 2004), are addressed using the Coe-Nason boots...

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Detalles Bibliográficos
Autores principales: Frederick H. Wallace, Gary L. Shelley
Formato: Artículo científico
Publicado: Centro de Investigación y Docencia Económicas, A.C. 2007
Materias:
Acceso en línea:http://www.redalyc.org/articulo.oa?id=32316202
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32316202oai
Aporte de:
id I16-R122-32316202oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
money neutrality
Fisher-Seater Test
bootstrapping
spellingShingle Economía y Finanzas
money neutrality
Fisher-Seater Test
bootstrapping
Frederick H. Wallace
Gary L. Shelley
Long Run Neutrality of Money in Mexico
topic_facet Economía y Finanzas
money neutrality
Fisher-Seater Test
bootstrapping
description 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 first raised by Coe and Nason (2003, 2004), are addressed using the Coe-Nason bootstrapping 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 are likely to differ across sectors even in the long run.
format Artículo científico
Artículo científico
author Frederick H. Wallace
Gary L. Shelley
author_facet Frederick H. Wallace
Gary L. Shelley
author_sort Frederick H. Wallace
title Long Run Neutrality of Money in Mexico
title_short Long Run Neutrality of Money in Mexico
title_full Long Run Neutrality of Money in Mexico
title_fullStr Long Run Neutrality of Money in Mexico
title_full_unstemmed Long Run Neutrality of Money in Mexico
title_sort long run neutrality of money in mexico
publisher Centro de Investigación y Docencia Económicas, A.C.
publishDate 2007
url http://www.redalyc.org/articulo.oa?id=32316202
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32316202oai
work_keys_str_mv AT frederickhwallace longrunneutralityofmoneyinmexico
AT garylshelley longrunneutralityofmoneyinmexico
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