Talk:Neutrality of money
Script error: No such module "Banner shell".
Neutrality and super-neutrality
is neutrality and super-neutrality of money the same thing? i had both terms in a lecture but i couldn't grasp if there is any difference between the two. — Preceding unsigned comment added by 141.44.163.84 (talk • contribs) 01:20, 23 February 2005 (UTC)
- definately not the saem thing, superneutral when the rate at which the money supply changes affects the price level, neutral when the level of the money supply affects price, sorry cant explain it better.Bluemoose 08:52, 24 Feb 2005 (UTC)
Name change
I suggest changing the name of this article to Monetary neutrality. ~ UBeR 02:07, 30 October 2006 (UTC)
- All the text books I've read call it the Neutrality of Money. --AtD 15:38, 30 October 2006 (UTC)
just bakwas —Preceding unsigned comment added by 117.102.8.130 (talk) 07:13, 15 January 2010 (UTC)
Counterfeiting
If the central bank can't affect the economy - why have it? Also why then is counterfeiting illegal? Hasn't money evolved from being a commonly traded commodity which use solves the coincidence of wants problem. Which means printing extra paper money and then using it, is taking something but not producing something in return (if the paper money isn't a claim on some commodity). How can that not distort the economy in favour of the money printer?— Preceding unsigned comment added by 135.196.109.220 (talk)
- The theory of Neutrality of Money says that the central bank cannot effect the real macro-economy by changing the amount of money in circulation, as money is just paper and coin, not factories and such. It does not make any claims on other methods central banks use to control the economy. Summed up, it basically means printing money doesn't make factories and highways appear out of nowhere. Any changes in aggregate demand caused by a change in the money supply are "neutralised" by changes in the price level. The theory implies there are no long run problems caused by inflation, thus only holds true in a closed economy.
- With regards to Counterfeiting, it's illegal because it unjustly transfers wealth to the Counterfeiter. Under the NoM theory, it doesn't change the size of the macro-economy in the long run, but could change the price level. --AtD 14:10, 21 February 2007 (UTC)
- Well, the same happens when the Central Bank prints money - the money is not distributed equally to all people! It only gradually spreads throughout the economy. The effect is that the first receiving the money benefit twice: 1 when they use the money to buy the factors of production at old prices; 2 when they sell their products at new, post-inflation, prices. The idea of money neutrality is pure non-sense. The Central Bank is a legalized conterfeiter! — Preceding unsigned comment added by 86.121.5.166 (talk • contribs) 19:55, 24 December 2007 (UTC)
Citation overload
The 'evidence' section of this article contains the sentence 'Empirical studies have shown that money is neutral in the long-run.', followed by no fewer than 64 citations(!). This is utterly unnecessary. If such a result has been widely proved, it shouldn't be necessary to add so many citations to support it: a few citations to broad statements in reliable sources would be better than many citations to individual studies. At the moment, it breaks up the page and makes it harder to read, and paradoxically makes the sentence look less confidently stated due to the sheer number of citations the writer apparently felt the need to include. Robofish (talk) 17:13, 29 November 2011 (UTC)
Citation
This is ridiculous.
Template:Trim&oldid=Template:Trim I've moved the material here for reference.
[1][2][3][4][5][6][7][8] [9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30] [31][32][33] [34][35][36][37][38][39][40][41][42][43][44][45][46]
- References
<templatestyles src="Reflist/styles.css" />
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ http://www.bundesbank.de/download/volkswirtschaft/dkp/2001/200114dkp.pdf
- ↑ http://www.jstor.org/stable/2352700?&Search=yes&searchText=friedman&searchText=money&searchText=neutrality&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dmoney%2Bneutrality%2Bfriedman%26gw%3Djtx%26acc%3Don%26prq%3Dmoney%2Bneutrality%2Bfisher%2Bseater%26Search%3DSearch%26hp%3D25%26wc%3Don&prevSearch=&item=14&ttl=1551&returnArticleService=showFullText
- ↑ Script error: No such module "citation/CS1".
- ↑ http://mesharpe.metapress.com/app/home/contribution.asp?referrer=parent&backto=issue,4,4;journal,11,162;linkingpublicationresults,1:110911,1
- ↑ http://www.imes.boj.or.jp/research/papers/english/me22-3-5.pdf
- ↑ Script error: No such module "citation/CS1".
- ↑ http://research.stlouisfed.org/publications/review/99/11/9911jb.pdf
- ↑ http://www.jstor.org/stable/2601238?&Search=yes&searchText=%22Ka-Fu+Wong%22&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dau%253A%2522Ka-Fu%2BWong%2522%26wc%3Don&prevSearch=&item=1&ttl=1&returnArticleService=showFullText
- ↑ http://www.accessecon.com/pubs/eb/2006/volume5/EB-05E00006A.pdf
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ http://www.jstor.org/stable/1928168?&Search=yes&searchText=%22long-run+neutrality+of+money%22&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3D%2522long-run%2Bneutrality%2Bof%2Bmoney%2522%26gw%3Djtx%26acc%3Don%26prq%3Dmoney%2Bneutrality%2Bfriedman%26Search%3DSearch%26hp%3D25%26wc%3Don&prevSearch=&item=1&ttl=57&returnArticleService=showFullText
- ↑ http://web.econ.unito.it/bagliano/appmacro/bm_carnroch98.pdf
- ↑ Script error: No such module "citation/CS1".
- ↑ http://www.jstor.org/pss/1884277?
- ↑ http://www2.selu.edu/orgs/ijae/Journal%204/IJAE%20MARCH%202006%20Shelley,%20Wallace%20FINAL%20AUGUST%207,%202006%20RV1.pdf
- ↑ http://www.ag.ndsu.nodak.edu/capts/documents/AGReport528-P.pdf
- ↑ http://203.72.2.115/Ejournal/3042080207.pdf
- ↑ Script error: No such module "citation/CS1".
- ↑ http://yunus.hacettepe.edu.tr/~tcavus/research/TARKAN_EC.pdf
- ↑ http://research.stlouisfed.org/wp/1994/94-011.pdf
- ↑ http://www.econstor.eu/bitstream/10419/1006/1/243641567.PDF
- ↑ http://repository.cmu.edu/cgi/viewcontent.cgi?article=1289&context=tepper&sei-redir=1#search=%22long-run%20neutrality%20money%20evidence%22L
- ↑ http://www.banxico.org.mx/publicaciones-y-discursos/publicaciones/documentos-de-investigacion/banxico/%7B946C1861-A39E-AA85-6637-5DDF94A5E50B%7D.pdf
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ http://www.nobelprize.org/nobel_prizes/economics/laureates/1995/lucas-lecture.pdf
- ↑ http://www.nobelprize.org/nobel_prizes/economics/laureates/1976/friedman-lecture.pdf
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ http://www.chicagofed.org/digital_assets/publications/economic_perspectives/1979/ep_sep_oct1979_part1_gittings.pdf
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ http://web.up.ac.za/sitefiles/file/40/677/WP_2010_29.pdf
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ http://www.jstor.org/stable/1914154
- ↑ Script error: No such module "citation/CS1".
Script error: No such module "Check for unknown parameters".
When a statement (like "Empirical studies have shown that money is neutral in the long-run") is cited, the way to go about it is to find a reliable secondary source which supports it. Citing a bunch of individual studies is completely improper, and risks violating the "no original research" policy. Gabbe (talk) 10:51, 30 January 2012 (UTC)
You say that, but now when I replaced it with a single textbook reference in which the secondary source overviews the evidence, it got removed because "That doesn't constitute evidence". Tails non-neutrality wins, heads neutrality loses? Or is a reference to an ADVANCED textbook going to be sufficient? 109.145.191.56 (talk) 17:08, 10 November 2014 (UTC)