Does Fisher Hypothesis Hold for the East Asian Economies&quest; 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:	2010
Authors:	Ling, Tai-Hu ; Liew, Venus Khim-Sen ; Wafa, Syed Azizi Wafa Syed Khalid
Published in:	Comparative Economic Studies. - Palgrave Macmillan, ISSN 0888-7233. - Vol. 52.2010, 2, p. 273-285
Publisher:	Palgrave Macmillan

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008520488