Does Fisher hypothesis hold for the East Asian Economies? an application of panel unit root tests

This study provides evidence supportive of Fisher hypothesis in East Asian economies using panel unit root tests, which allow for the consideration of cross-country interdependence of real interest rates in the estimation. One important implication of our finding is that monetary policy will be more effective in influencing long-term interest rates and long-run macroeconomic stability in these East Asian economies with regional collaboration.

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Year of publication:	2008
Authors:	Ling, Tai-Hu ; Venus, Khim-Sen Liew ; Wafa, Syed Khalid ; Wafa, Syed Azizi
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Fisher Hypothesis \| macroeconomics \| East Asia \| panel unit root \| interest rates

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	C13 - Estimation ; C23 - Models with Panel Data ; N15 - Asia including Middle East ; E44 - Financial Markets and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008490534