Kugler, Peter; Neusser, K - In: Journal of Applied Econometrics 8 (1993) 2, pp. 163-74
This paper investigates the dynamic behavior of monthly ex post real interest rates from several countries over the period 1980 to 1991. It is found that real interest rates are stationary over this period and that deviations from real interest parity are significant in the short run but...