Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130758
Authors: 
Vaona, Andrea
Year of Publication: 
2016
Series/Report no.: 
Kiel Working Paper 2038
Abstract: 
Money long-run super-neutrality and the vertical long-run Phillips curve are two widely shared beliefs in the economics profession and among economic policy-makers. The present survey is devoted to anomalous empirical evidence which challenges this view. We consider a variety of studies, differing in terms of models, estimation strategies, and countries analyzed. We conclude with a brief discussion of some future possible developments of the literature.
Subjects: 
long-run
money non-super-neutrality
non-vertical Phillips curve
empirical evidence
JEL: 
E31
E40
E50
J64
Document Type: 
Working Paper

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