¿Existe un efecto Fisher en el largo plazo? Evidencia para la economía española, 1962-1996
In this paper we provide an empirical test of the long-run Fisher effect for the Spanish case, using quarterly data for the period 1962-1996. To this end, we make use of some new techniques on unit roots and cointegration, where the presence of possible structural changes in the trend of the series is explicitly considered. The results indicate the existence of a partial Fisher effect in the long-run, with a transmission to the nominal interest rate of roughly one third for each point increase in the inflation rate.
|Date of creation:||1998|
|Publication status:||Published in Revista Española de Economía, vol.15., 1998, pp. 149-166|
|Contact details of provider:|| Postal: Campus de Arrosadía - 31006 Pamplona (Spain)|
Phone: 34 948 169340
Fax: 34 948 169 721
Web page: http://www.econ.unavarra.es
|Order Information:|| Postal: Papers are not sent in a centralized mode. You can download them with ftp, or contact the authors.|
When requesting a correction, please mention this item's handle: RePEc:nav:ecupna:9810. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Javier Puértolas)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.