Fisher hypothesis: East Asian evidence from panel unit root tests
This study finds evidence supportive of Fisher hypothesis in East Asian economies using panel unit root tests, which allow for cross-country variations in the estimation. Among others, one important implication is that monetary policy will be more effective in influencing long-term interest rates an...
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| Main Authors: | , , |
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| Format: | E-Article |
| Language: | English |
| Published: |
Munich University Library
2007
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/18645/7/Fisher%20hypothesis%20%28abstract%29.pdf http://ir.unimas.my/id/eprint/18645/ https://mpra.ub.uni-muenchen.de/5432/ |
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| Summary: | This study finds evidence supportive of Fisher hypothesis in East Asian economies using panel unit root tests, which allow for cross-country variations in the estimation. Among others, one important implication is that monetary policy will be more effective in influencing long-term interest rates and long-run macroeconomic stability in these East Asian economies under regional collaboration. |
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