Logo
Munich Personal RePEc Archive

A Review of the Literature on Monetary Neutrality

Tang, Maggie May-Jean (2016): A Review of the Literature on Monetary Neutrality.

[thumbnail of MPRA_paper_70113.pdf]
Preview
PDF
MPRA_paper_70113.pdf

Download (61kB) | Preview

Abstract

Long-run monetary neutrality (LRMN) is an idea expressed from the quantity theory of money, which posits that a permanent change in money stock has no real effect in the long-run. The LRMN theory is an empirical matter with regard to monetary policy, where it helps to define the monetary transmission and is able to identify the effectiveness of monetary policy by investigating the role of money in the long run. As a result, the study of LRMN has attracted great interest for a long period of time.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.