Anomalous empirical evidence on money long-run super-neutrality and the vertical long-run Phillips curve.

Money long-run super-neutrality and the vertical long-run Phillips curve are two widely shared beliefs in the economics profession and among economic policy-makers. The present survey is devoted to anomalous empirical evidence which challenges this view. We consider a variety of studies, differing in terms of models, estimation strategies, and countries analyzed. We conclude with a brief discussion of some future possible developments of the literature.

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Year of publication:	2015-04
Authors:	Vaona, Andrea
Institutions:	Dipartimento di Scienze Economiche, Facoltà di Economia
Subject:	long-run \| money non-super-neutrality \| non-vertical Phillips curve \| empirical evidence

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 17/2015 0 pages long
Classification:	E31 - Price Level; Inflation; Deflation ; E40 - Money and Interest Rates. General ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011250962