Arbeitspapier
The long-run relationship between interest rates and inflation: some cross-country evidence
This paper analyzes the effect of anticipated inflation on nominal interest rates, paying special attention to the stability of this relationship over various regimes. These regimes are analyzed to find out whether the inflation forecastability proposition recently advanced by Barsky explains the observed poor performance of the Fisher equation with historical data. The analyses make use of the so-called threshold and digression models and data from 11 western countries for 1875 - 1984. The main result of this paper is that the forecastability proposition does not explain the weakness of the anticipated inflation effect on interest rates. Rather, various institutional factors seem to be of more importance.
- Sprache
-
Englisch
- ISBN
-
951-686-207-1
- Erschienen in
-
Series: Bank of Finland Discussion Papers ; No. 20/1989
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Virén, Matti
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
1989
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Virén, Matti
- Bank of Finland
Entstanden
- 1989
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