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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... Full description

1st Person: Peng, Wensheng
Type of Publication: Book
Published: Washington, D.C. International Monetary Fund 1995, 1995
Series: IMF Working Papers; Working Paper
Keywords: Germany
United Kingdom
United States
Monetary Authorities
Nominal Interest Rates
Inflation Rates
Nominal Interest Rate
Online: Volltext
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