Working Paper
Anomalous empirical evidence on money long-run super-neutrality and the vertical long-run Phillips curve
Kiel Working Papers, 2038
Authors
Publication Date
JEL Classification
E31
E40
E50
J64
Key Words
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.
