Hiscock, Robert; Handa, Jagdish - In: Applied Financial Economics 23 (2013) 9, pp. 739-747
This article tests long-run money neutrality and superneutrality for all South American economies from 1960 to 2009. Several of these economies have experienced bouts of hyperinflation. The tests, done for <italic>M1</italic> and <italic>M2</italic>, utilize Fisher and Seater's (1993) procedure. Money neutrality could not be...