scholarly journals Inside Money and Monetary Neutrality

10.3386/w1890 ◽  
1986 ◽  
Author(s):  
Peter Hartley ◽  
Carl Walsh
1991 ◽  
Vol 13 (3) ◽  
pp. 395-416 ◽  
Author(s):  
Peter R. Hartley ◽  
Carl E. Walsh

2015 ◽  
Vol 53 (2) ◽  
pp. 1108-1131 ◽  
Author(s):  
Gilberto Tadeu Lima ◽  
Jaylson Jair Silveira

PLoS ONE ◽  
2014 ◽  
Vol 9 (8) ◽  
pp. e104219 ◽  
Author(s):  
Charles D. Brummitt ◽  
Rajiv Sethi ◽  
Duncan J. Watts
Keyword(s):  

Author(s):  
Doh-Khul Kim

<p class="MsoBodyText" style="line-height: normal; margin: 0in 0.5in 0pt;"><span style="font-family: Times New Roman;"><span style="font-size: 10pt;">According to a recent paper by Fisher and Huh (200</span><span style="font-size: 10pt; mso-fareast-language: KO;">2</span><span style="font-size: 10pt;">), in contrast to a long-run neutrality hypothesis, nominal shocks have long-run effects on a country&rsquo;s real exchange rate</span><span style="font-size: 10pt; mso-fareast-language: KO;"> and trade balance.</span><span style="font-size: 10pt;"> However employing </span><span style="font-size: 10pt; mso-fareast-language: KO;">a </span><span style="font-size: 10pt;">similar method (VAR) with identical restrictions (</span><span style="font-size: 10pt; mso-fareast-language: KO;">long-run neutrality and </span><span style="font-size: 10pt;">short-run recursive</span><span style="font-size: 10pt; mso-fareast-language: KO;"> hypotheses</span><span style="font-size: 10pt;">), </span><span style="font-size: 10pt; mso-fareast-language: KO;">this paper </span><span style="font-size: 10pt;">show</span><span style="font-size: 10pt; mso-fareast-language: KO;">s</span><span style="font-size: 10pt;"> that the effects on the real exchange rate are much shorter</span><span style="font-size: 10pt; mso-fareast-language: KO;"> in this G-7 country study</span><span style="font-size: 10pt;"> than what </span><span style="font-size: 10pt; mso-fareast-language: KO;">Fisher and Huh (2002) contend.</span><span style="font-size: 10pt;"> Further, the trade balance improves for a short period of time, from which </span><span style="font-size: 10pt; mso-fareast-language: KO;">it can</span><span style="font-size: 10pt;"> conclude there is a shorter existence of the depreciation effect in response to </span><span style="font-size: 10pt; mso-fareast-language: KO;">expansionary</span><span style="font-size: 10pt;"> monetary shocks, which supports the long-run neutrality hypothesis</span><span style="font-size: 10pt; mso-fareast-language: KO;"> in an open macroeconomic framework</span><span style="font-size: 10pt;">.<span style="mso-spacerun: yes;">&nbsp; </span></span></span></p>


1998 ◽  
Author(s):  
Andrés Felipe Arias ◽  
Martha Misas A.

1997 ◽  
Vol 76 (2) ◽  
pp. 177
Author(s):  
Richard N. Cooper ◽  
Jeffrey Robinson

2002 ◽  
Vol 16 (2) ◽  
pp. 115-128
Author(s):  
SANG-MOON HAHM
Keyword(s):  

Sign in / Sign up

Export Citation Format

Share Document