Munich Personal RePEc Archive

Neutralidad monetaria a Largo plazo: El caso de Guatemala

Wallace, Fred and Cabrera-Castellanos, Luis F. (2006): Neutralidad monetaria a Largo plazo: El caso de Guatemala. Published in: Revista Perspectivas , Vol. Vol. I, No. No. 2 (January 2007): pp. 112-133.

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Abstract

The Fisher-Seater (1993) methodology is applied to Guatemala data (1950-2002) in order to test for long-run neutrality of money. Real GDP, consumption, investment and public expenditure, and the monetary base and M2a are found to be I(1). Given this order of integration, we applied the Fisher Seater neutrality test and we found evidence of M1 neutrality with respect to GDP, expenditure and consumption.

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