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Although empirical confidence intervals yield evidence in favour of LRMN, Monte Carlo experiments reveal the power of this test is near its size. Thus, this test is unlikely to detect important deviations from LRMN. These problems arise because the long\u2010horizon regression test of LRMN relies on estimates of the covariance of long\u2010horizon output growth and long\u2010horizon money growth. Copyright \u00a9 2004 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.749","type":"journal-article","created":{"date-parts":[[2004,6,7]],"date-time":"2004-06-07T15:22:55Z","timestamp":1086621775000},"page":"355-373","source":"Crossref","is-referenced-by-count":19,"title":["Long\u2010run monetary neutrality and long\u2010horizon regressions"],"prefix":"10.1002","volume":"19","author":[{"given":"Patrick J.","family":"Coe","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"James M.","family":"Nason","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2004,6,7]]},"reference":[{"key":"e_1_2_7_2_1","doi-asserted-by":"publisher","DOI":"10.2307\/1913623"},{"key":"e_1_2_7_3_1","doi-asserted-by":"publisher","DOI":"10.2307\/2951574"},{"key":"e_1_2_7_4_1","volume-title":"Financial Markets and Financial Crises","author":"Bernanke 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