Kasman, Saadet; Kasman, Adnan; Turgutlu, Evrim - In: Emerging Markets Finance and Trade 42 (2006) 6, pp. 59-76
This paper investigates the validity of the Fisher hypothesis using data from thirtythree developed and developing countries. Conventional cointegration tests do not provide strong evidence for a relation between nominal interest rates and inflation. Therefore, we use fractional cointegration...