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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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1995.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1995/118 |
| Accesso online: | Full text available on IMF |