The Neutrality of Money and the Classical Dichotomy in Macroeconomics

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

20 Pages Posted: 6 Jul 2007 Last revised: 30 Dec 2016

See all articles by Andres Giraldo

Andres Giraldo

Pontificia Universidad Javeriana

Date Written: November 30, 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.

Keywords: macroeconomics, neutrality of money, monetary policy

JEL Classification: B22, E50

Suggested Citation

Giraldo, Andrés 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: https://ssrn.com/abstract=998341

Andrés Felipe Giraldo (Contact Author)

Pontificia Universidad Javeriana ( email )

Carrera 7 No. 40 B-36
Piso 7
Bogotá DC
Colombia

HOME PAGE: http://https://sites.google.com/view/afgiraldoeco/

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