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 sugge...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1995.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1995/118 |
| 在線閱讀: | Full text available on IMF |