Bajo-Rubio, Oscar; Díaz-Roldán, Carmen; Esteve, Vicente - Centro de Estudios Andaluces, Government of Andalusia - 2003
In this paper we provide an empirical test of the Fisher effect using cointegration techniques, where the existence of instabilities in the cointegrating or long-run relationships is explicitly tested. The analysis was applied to the UK, a country that has been subject to potentially stronger...