The Fisher Hypothesis and Inflation Persistence : Evidence From Five Major Industrial Countries

Evidence From Five Major Industrial Countries

The Fisher Hypothesis and Inflation Persistence : Evidence From Five Major Industrial Countries
This paper presents an empirical evaluation of the strength of the Fisher effect which predicts a positive relationship between the nominal interest rate and inflation in the postwar period in the five major industrial countries, utilizing recently developed time series techniques. The results suggest that the Fisher effect is stronger in... READ MORE...

Publication date: November 1995
ISBN 9781451940824
$15.00

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