The Fisher Equation: A Nonlinear Panel Data Approach
學年 107
學期 1
出版（發表）日期 2018-12-19
作品名稱 The Fisher Equation: A Nonlinear Panel Data Approach
作品名稱（其他語言）
著者 Dong-Hyeon Kim, Shu-Chin Lin, Joyce Hsieh & Yu-Bo Suen
單位
出版者
著錄名稱、卷期、頁數 Emerging Markets Finance and Trade 2018 54(1),　p.162-180
摘要 This article reinvestigates the Fisher equation. Using the panel smooth transition regression (PSTR) model, it was found that there is a significant regime-switching effect concerning the impact of inflation on interest rates. Specifically, inflation is found to raise the interest rates and the effect becomes stronger in magnitude with inflation. However, the data do not provide evidence in support of the one-for-one Fisher effect. The evidence is robust to interest rates with different maturities and subsamples.
關鍵字 Fisher effects;panel smooth transition regression
語言 en_US
ISSN 1558-0938
期刊性質 國外
收錄於 SSCI ABS*
產學合作
通訊作者 Lin, Shu-chin
審稿制度 是
國別 USA
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/124339 )