Monetary Neutrality in the Nepalese Economy during 1975-2008
Published By: NRB on eSS | Published Date: November, 23 , 2011One of the methods of measuring the effectiveness of monetary policies is via inspection of
monetary neutrality in the economy. It is a concept from classical economics and it suggests that
changes in nominal variables do not have any impact on real variables. This paper studies the
presence or absence of effective monetary policy in Nepal between 1975 and 2008 by observing
money supply (nominal side), and real GDP (real). [NRB]. URL:[http://red.nrb.org.np/publications/economic_review/Economic_Review_(Occasional_Paper)--No_23,_April_2011+5_Monetary_Neutrality_in_the_Nepalese_Economy_during_1975-2008[Mukesh%20Khanal].pdf].
Author(s): Mukesh Khanal | Posted on: Dec 16, 2011 | Views(978) | Download (1329)