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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Formato: | Artículo científico |
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Centro de Investigación y Docencia Económicas, A.C.
2007
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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 |
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id |
I16-R122-32316202oai |
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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 |
bdutipo_str |
Repositorios |
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1764820422026592257 |