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Long Run Money Neutrality: The Case of Guatemala

Author

Listed:
  • Wallace, Frederick H.

    (Universidad de Quintana Roo, Chetumal, México)

Abstract

The Fisher and Seater (1993) methodology is used to test for the long run neutrality of money in Guatemala, 1950-2001. Real GDP, real per capita GDP, and the money measures, M1 and M2, are integrated of order one [I (l)]. Given these orders of integration, the Fisher-Seater neutrality test can be applied. The evidence suggests that M1 and M2 are neutral with respect to real GDP. Furthermore, the test indicates that M1, but not M2, is neutral with respect to real per capita GDP as well.

Suggested Citation

  • Wallace, Frederick H., 2005. "Long Run Money Neutrality: The Case of Guatemala," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 5, pages 127-138, Octubre.
    • Handle: RePEc:ris:revlde:0505
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    Citations

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    Cited by:

    1. Aleksandar Vasilev, 2022. "A business cycle model with money-in-utility (MIU) and government sector: the case of Bulgaria (1999–2020)," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 40(5), pages 1205-1217, April.
    2. Amusa, Kafayat & Gupta, Rangan & Karolia, Shaakira & Simo-Kengne, Beatrice D., 2013. "The long-run impact of inflation in South Africa," Journal of Policy Modeling, Elsevier, vol. 35(5), pages 798-812.
    3. Tang, Maggie May-Jean, 2016. "A Review of the Literature on Monetary Neutrality," MPRA Paper 70113, University Library of Munich, Germany.
    4. Wallace, Fred & Cabrera-Castellanos, Luis F., 2006. "Neutralidad monetaria a Largo plazo: El caso de Guatemala [Long Run Money Neutrality in Guatemala]," MPRA Paper 4025, University Library of Munich, Germany, revised 2006.

    More about this item

    Keywords

    Money; Ecomomic; Guatemala; Neutrality;
    All these keywords.

    JEL classification:

    • Z00 - Other Special Topics - - General - - - General

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