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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Kiel Working Paper ; No. 2038

Classification and Topics

• Classification: 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
• Subject: long-run ; money non-super-neutrality ; non-vertical Phillips curve ; empirical evidence

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Vaona, Andrea
• Event: Veröffentlichung
• (who): Kiel Institute for the World Economy (IfW)
• (where): Kiel
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/130758
• Last update: 10.03.2025, 11:45 AM CET