Does Monetary Policy Work Effectively In 10 European Countries? New Evidence From Fisher Effect

• Main Authors: Ling, Tai-Hu, Liew, Venus Khim-Sen
• 格式: Conference or Workshop Item
• 語言: English
• 出版: 2013
• 主題: H Social Sciences (General)
• 在線閱讀: http://ir.unimas.my/id/eprint/17998/1/DOES%20MONETARY%20POLICY%20WORK%20EFFECTIVELY%20IN%2010%20EUROPEAN%20COUNTRIES%20%28abstract%29.pdf; http://ir.unimas.my/id/eprint/17998/

This study examines the Fisher effect for 10 European Union countries over a period from January 1987 to December 2012. A battery of panel unit root tests shows that the monthly real interest rates in these countries are mean reverting. The series-specific panel SURADF test of Breuer et al. (2002)...