Many researchers have used a cointegration approach to test for the Fisher effect. This note argues that the cointegration of the nominal interest rate and the inflation rate is consistent with any theory implying a stationary ex post real interest rate and so is not a sufficient condition for...

This paper takes up Goldberger's suggestion to investigate the links across generations using nonmonetary measures of status. It is found that the links in educational attainment are somewhat stronger than, and statistically significant from, those in income even if the income data are adjusted...