Money neutrality, super-neutrality, and non-neutrality

One way to learn macroeconomics is to figure out when money is neutral, super-neutral, and non-neutral, and when it is not. Money is said to be neutral when a once-and-for-all change in the money supply or money demand has no real effects. Money is super-neutral when a change in the growth rate of the money … Continue reading Money neutrality, super-neutrality, and non-neutrality