193
Views
2
CrossRef citations to date
0
Altmetric
Original Articles

A re-examination of the Fisher effect using an alternative approach

Pages 855-858 | Published online: 10 Feb 2011

References

  • Crowder , W. J. and Wohar , M. E. 1999 . Are tax effects important in the long-run Fisher relationship? Evidence from the municipal bond market . Journal of Finance , 54 : 307 – 17 .
  • Darby , M. R. 1975 . The financial and tax effects of monetary policy on interest rates . Economic Inquiry , 13 : 266 – 76 .
  • Evans , M. and Lewis , K. 1995 . Do expected shifts in inflation affect estimates of the long-run Fisher relation? . Journal of Finance , 50 : 225 – 53 .
  • Fama , E. and Gibbons , M. R. 1982 . Inflation, real returns, and capital investment . Journal of Monetary Economics , 9 : 297 – 324 .
  • Fisher , I. 1930 . The Theory of Interest , New York : Macmillan .
  • Fisher , M. and Seater , J. 1993 . Long-run neutrality and super-neutrality in an ARIMA framework . American Economic Review , 83 : 402 – 15 .
  • Fried , J. and Howitt , P. 1983 . The effects of inflation on real interest rates . American Economic Review , 73 : 968 – 79 .
  • Hacker , R. S. and Hatemi-J , A. 2009 . ContagT: GAUSS module to implement a pairwise bootstrap test for contagion . Statistical Software Components number G00007, Boston College Department of Economics ,
  • Hatemi-J , A. 2009 . The international Fisher effect: theory and application . Investment Management and Financial Innovations , 6 : 117 – 21 .
  • Hatemi-J , A. and Hacker , R. S. 2005 . An alternative method to test for contagion with an application to the Asian financial crisis . Applied Financial Economics Letters , 1 : 343 – 7 .
  • Hatemi-J , A. and Irandoust , M. 2008 . The Fisher effect: a Kalman filter approach to detecting structural change . Applied Economics Letters , 15 : 619 – 24 .
  • Huizinga , J. and Mishkin , F. S. 1986 . Monetary policy regime shifts and the unusual behavior of real interest rates . Carnegie-Rochester Conference Series on Public Policy , 24 : 231 – 74 .
  • Kandel , S. , Ofer , A. and Sarig , O. 1996 . Real interest rates and inflation: an ex-ante empirical analysis . Journal of Finance , 51 : 205 – 25 .
  • King , R. G. and Watson , M. W. 1997 . Testing long-run neutrality . Federal Reserve Bank of Richmond Economic Quarterly , 83 : 69 – 101 .
  • Modigliani , F. and Cohn , R. 1979 . Inflation, rational valuation, and the market . Financial Analysts Journal , 35 : 24 – 44 .
  • Serletis , A. and Koustas , Z. 1998 . International evidence on the neutrality of money . Journal of Money, Credit, and Banking , 30 : 1 – 25 .
  • Summers , L. 1983 . “ Symposium in Memory of Arthur Okun ” . In The non-adjustment of nominal interest rates: a study of the Fisher effect , Edited by: Tobin , J. 201 – 44 . Washington, DC : Brookings Institution .
  • Tanzi , V. 1980 . Inflationary expectations, economic activity, taxes and interest rates . American Economic Review , 70 : 12 – 21 .
  • Tobin , J. 1969 . A general equilibrium approach to monetary theory . Journal of Money, Credit, and Banking , 1 : 15 – 29 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.