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• W2100786087 abstract "Previous tests of the long-run neutrality of money hypothesis have generally relied on seasonally adjusted data and overlooked the important issues of seasonality. This paper analyses the long-run neutrality of money in Japan using quarterly seasonally unadjusted data, which permits an examination of the effects of seasonality and the robustness of previous empirical results. Fisher and Seater (1993) methodology is used with both seasonally unadjusted and adjusted Japanese real GDP and nominal money supply to test the long-run neutrality of money hypothesis. Using two measures of money stock, namely M1 and M2, it is shown that the hypothesis is supported using M2 as the measure of money supply, while it is rejected using M1." @default.
• W2100786087 created "2016-06-24" @default.
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• W2100786087 date "2008-09-01" @default.
• W2100786087 modified "2023-09-28" @default.
• W2100786087 title "An Empirical Study on Long-Run Neutrality of Money in the Japanese Economy" @default.
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• W2100786087 doi "https://doi.org/10.2753/jes1097-203x350304" @default.
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