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Original Articles

Short-term interest rate and inflation in the long run: a study of the US and UK from 1803 to 1990

Pages 445-448 | Published online: 05 Oct 2010

References

  • Cheung , K. Y. 1993 . Short-term interest rates as predictors of inflation revisited: a signal extraction approach . Applied Financial Economics , 3 : 113 – 118 .
  • Fama , E. 1975 . Short term interest rates as predictors of inflation . American Economic Review , 65 : 269 – 282 .
  • Fama , E. F. and Gibbons , R. 1982 . Inflation, real returns and capital investment . Journal of Monetary Economics , 9 : 297 – 323 .
  • Hamilton , J. D. 1994 . Times Series Analysis , Princeton University Press .
  • Nelson , C. R. and Schwert , G. W. 1977 . Short-term interest rates as predictors of inflation: on testing the hypothesis that the real rate of interest is constant . American Economic Review , 67 : 478 – 485 .
  • Siegel , J. J. 1992 . The real rate of interest from 1800–1990: a study of the US and UK . Journal of Monetary Economics , 29 : 227 – 252 .

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