In this paper we use a bivariate, fractionally integrated, autoregressive, moving average
(ARFIMA) model of money and real output to extend Fisher and Seater's [Long-run neutrality …

Many rational expectations models state that an economic variable is determined as the
present value of future variables. These restrictions have traditionally been tested on VARs …

This paper re-examines recent international evidence on monetary neutrality based on long,
low-frequency data and the reduced-form tests of Fisher and Seater [Am. Econ. Rev. 83 …

In this article we test the purchasing power parity (PPP) hypothesis during the recent floating
exchange rate period, using quarterly data for 21 OECD countries. In doing so, we use the …

This paper evaluates the hypothesis of long-run super-neutrality of money (LRSN) within the
context of the South African economy. The long-run impact of inflation on the interest rate …

This paper investigates the long-run neutrality of money using quarterly data of South Korea
and Taiwan and the methodology of King and Watson (1997); particular attention is given to …

The Fisher and Seater [Fisher, ME and Seater, JJ, 1993. Long run neutrality and
superneutrality in an ARIMA framework. American Economic Review 83, 402–415.] …

A prominent test of long‐run monetary neutrality (LRMN) involves regressing long‐horizon
output growth on long‐horizon money growth. We obtain limited support for LRMN with this …

This article considers the long‐run relationship between nominal exchange rates and
fundamentals from a different perspective. We apply a long‐horizon regression approach …

This paper comprehensively investigates long-run monetary neutrality in Japan, with due
consideration to the order of integration of the money stock and real output, mainly using …