Can Switching Between Inflationary Regimes Explain Fluctuations in Real Interest Rates?
AbstractIt has recently been suggested that allowing for switches between different inflationary regimes produces a much better fit for the Fisher relationship between interest rates and inflation, at least for U.S. data. The paper assesses the merits of the regime-switching theory as an explanation for the apparent fluctuations in real interest rates in Australia, Canada, Germany, the United Kingdom, and the United States.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 97/131.
Date of creation: 01 Oct 1997
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- Grand Nathalie & Dropsy Vincent, 2005. "Exchange Rate And Inflation Targeting In Morocco And Tunisia," Macroeconomics 0507018, EconWPA.
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