The Neutrality of Money and the Classical Dichotomy in Macroeconomics

Giraldo, Andrés

Abstract

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The Neutrality of Money and the Classical Dichotomy in Macroeconomics

Andres Giraldo

Pontifical University Javeriana Inicio

November 30, 2006

Cuadernos de Economía, Vol. 25, No. 45, pp. 75-93, 2006

Abstract:
One of the key topics dealt with in macroeconomics concerns the effect of nominal variables (particularly money) on real variables. This article presents a theoretical review from the point of view of the most representative schools regarding the neutrality of money and the classical dichotomy. These are aspects incurring great repercussions from monetary policy, determining the execution such policy, together with the position adopted in the discussion about rules and/or discretion.

Note: Downloadable document is in Spanish.

Number of Pages in PDF File: 20

Keywords: macroeconomics, neutrality of money, monetary policy

JEL Classification: B22, E50

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Date posted: July 6, 2007 ; Last revised: September 8, 2010

Suggested Citation

Giraldo, Andres Felipe, The Neutrality of Money and the Classical Dichotomy in Macroeconomics (November 30, 2006). Cuadernos de Economía, Vol. 25, No. 45, pp. 75-93, 2006. Available at SSRN: http://ssrn.com/abstract=998341

Contact Information

Andrés Felipe Giraldo (Contact Author)

Pontifical University Javeriana Inicio ( email )

Carrera 7 No. 40-62
Bogotá DC
Colombia