Abstract
The relationship between inflation and the rate of interest for the United States is examined within a dynamic specification framework which yields direct estimates of the long-run as distinct from the short-run coefficients. The Fisher hypothesis as a long-run proposition is supported by the data. The results are shown to be robust with respect to the choice of the interest rate
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.