Volume 15, Issue 3 (2015)                   QJER 2015, 15(3): 135-150 | Back to browse issues page

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Pishbahar E, Rasoli Beirami Z. Testing for Long-Run Neutrality and Super Neutrality of Money in the Iranian Economy: Aggregate Level and Agricultural Sector. QJER 2015; 15 (3) :135-150
URL: http://ecor.modares.ac.ir/article-18-8048-en.html
1- Assistant Professor of Agricultural Economics, Faculty of Agriculture, University of Tabriz
2- Ph.D. candidate of Agricultural Economics, University of Tabriz
Abstract:   (8695 Views)
Fisher-Seater's approach is applied to the Iran's economic data 2008 to test the long-Run neutrality and super neutrality of money during 1988-2008. Our results support the neutrality of M2 w real GDP and real agricultural output. For nominal agricultural output neutrality of M2 is strongly rejected. The result of neutrality for the nominal GDP varies depending on the unit root test. The results also showed that the super neutrality of M2 with respect to real GDP is confirmed.
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Article Type: Research Paper | Subject: E52 - Monetary Policy|A1 - General Economics|E0 - Macroeconomics and Monetary Economics :General
Received: 2012/10/16 | Accepted: 2013/10/30 | Published: 2015/10/23

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