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Fisher effect in nonlinear STAR framework: some evidence from Asia


  • Shabbir Ahmad

    () (University of Nizwa, Oman)


This study tests the presence of the long run Fisher effect in eight Asian economies. Using monthly data and a variety of interest rates, the paper employs a recent nonlinear methodology to capture the long run relationship between the nominal interest rate and the inflation rate. The estimation results on the basis of the new methodology are encouraging and indicate the validity of Fisher effect in almost all the examined economies.

Suggested Citation

  • Shabbir Ahmad, 2010. "Fisher effect in nonlinear STAR framework: some evidence from Asia," Economics Bulletin, AccessEcon, vol. 30(4), pages 2558-2566.
  • Handle: RePEc:ebl:ecbull:eb-10-00418

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    Cited by:

    1. Andrew Phiri & Peter Lusanga, 2011. "Can asymmetries account for the empirical failure of the Fisher effect in South Africa?," Economics Bulletin, AccessEcon, vol. 31(3), pages 1968-1979.

    More about this item


    Non-linearity; Unit Roots; Cointegration; ADF;

    JEL classification:

    • F0 - International Economics - - General
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates


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