The Inverted Fisher Hypothesis : Inflation Forecastability and Asset Substitution" /

This paper examines the implications of inflation persistence for the inverted Fisher hypothesis that nominal interest rates do not adjust to inflation because of a high degree of substitutability between money and bonds. It is emphasized that the substitutability between nominal assets and capital...

詳細記述

書誌詳細
第一著者: Choi, Woon
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2000.
シリーズ:IMF Working Papers; Working Paper ; No. 2000/194
オンライン・アクセス:Full text available on IMF