Neutrality of money

Superneutrality of money is a stronger property than neutrality of money. It holds that not only is the real economy unaffected by the level of the money supply but also that the rate of money supply growth has no effect on real variables. In this case, nominal wages and prices remain proportional…#donpatinkin #davidhume #friedrichhayek #phillips #miltonfriedman #robertelucas #lucas #lucasian #newkeynesian #postkeynesian

Source: Reuters: Health - March 11, 2024 Category: Consumer Health News Source Type: news