Ling, Tai Hu and Liew, Kang Chiang and Syed Azizi Wafa Syed Khalid Wafa (2010) Does fisher hypothesis hold for the East Asian economies an application of panel unit root tests. Comparative Economic Studies, 52 (2). pp. 273-285. ISSN 0888-7233
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Abstract
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. © 2010 ACES. All rights reserved.
| Item Type: | Article |
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| Keyword: | East Asian, Fisher Hypothesis, Inflation rates, Interest rates, Panel unit root tests |
| Subjects: | H Social Sciences > HC Economic history and conditions |
| Department: | SCHOOL > School of Business and Economics SCHOOL > Labuan School of International Business and Finance |
| Depositing User: | ADMIN ADMIN |
| Date Deposited: | 07 Mar 2011 17:41 |
| Last Modified: | 20 Oct 2017 15:05 |
| URI: | https://eprints.ums.edu.my/id/eprint/2074 |
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