The Long-Run Superneutrality of Money Revised: the Extended European Evidence
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00090798" target="_blank" >RIV/00216224:14560/16:00090798 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1515/revecp-2016-0012" target="_blank" >http://dx.doi.org/10.1515/revecp-2016-0012</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1515/revecp-2016-0012" target="_blank" >10.1515/revecp-2016-0012</a>
Alternative languages
Result language
angličtina
Original language name
The Long-Run Superneutrality of Money Revised: the Extended European Evidence
Original language description
This article investigates the validity of the money superneutrality concept for the large panel of European economies. While focusing exclusively on endogenous growth theories including the Mundell-Tobin effect, we examine the long-run response of real output to a permanent inflation shock in every studied country using a structural vector autoregressive framework. For the majority of countries in our sample, the long-run superneutrality concept is confirmed since the original increase/decrease in output growth fades in time. We also test the additional hypothesis of whether the group of countries with smaller in-sample inflation mean forms the exception to the long-run money superneutrality. As the result, modern economies might be better described from the viewpoint of Sidrauski.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50602 - Public administration
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Review of Economic Perspectives - Národohospodářský obzor
ISSN
1804-1663
e-ISSN
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Volume of the periodical
16
Issue of the periodical within the volume
3
Country of publishing house
DE - GERMANY
Number of pages
17
Pages from-to
187-203
UT code for WoS article
000406945000002
EID of the result in the Scopus database
2-s2.0-84992110989