Back to Search
Start Over
IS THERE LONG-RUN MONEY NEUTRALITY UNDER DIFFERENT EXCHANGE RATE REGIMES?
- Source :
- Pacific Economic Review; Oct2005, Vol. 10 Issue 3, p361-370, 10p, 2 Charts, 8 Graphs
- Publication Year :
- 2005
-
Abstract
- This paper tests the long-run money neutrality across different exchange rate regimes, empirically extending the concept of M. E. Fisher and J. J. Seater. Strong evidence shows the non-neutrality of two forms of money for the Hong Kong economy across the two regimes. While the Hong Kong M1 is marginally non-neutral under the float, it is clearly not neutral afterwards. The M2 is non-neutral both before and after the linked exchange rate. [ABSTRACT FROM AUTHOR]
- Subjects :
- FOREIGN exchange rates
FOREIGN exchange
MONETARY policy
Subjects
Details
- Language :
- English
- ISSN :
- 1361374X
- Volume :
- 10
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Pacific Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 18406322
- Full Text :
- https://doi.org/10.1111/j.1468-0106.2005.00278.x