Arbeitspapier
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.
- Sprache
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Englisch
- Erschienen in
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Series: Kiel Working Paper ; No. 2038
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
Money and Interest Rates: General
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Unemployment: Models, Duration, Incidence, and Job Search
- Thema
-
long-run
money non-super-neutrality
non-vertical Phillips curve
empirical evidence
- Ereignis
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Geistige Schöpfung
- (wer)
-
Vaona, Andrea
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Vaona, Andrea
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2016