Does Fisher Hypothesis Hold for the East Asian Economies? An Application of Panel Unit Root Tests

Tai-Hu Ling and VENUS KHIM-SEN LIEW 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. 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.

Item Type:	Article
Keyword:	Fisher Hypothesis, East Asian, panel unit root tests, interest rates, inflation rates
Subjects:	H Social Sciences > HG Finance > HG1-9999 Finance > HG201-1496 Money H Social Sciences > HG Finance > HG1-9999 Finance > HG3810-4000 Foreign exchange. International finance. International monetary system
Department:	FACULTY > Labuan Faculty of International Finance
Depositing User:	JUNAINE JASNI -
Date Deposited:	23 Sep 2025 09:32
Last Modified:	23 Sep 2025 09:32
URI:	https://eprints.ums.edu.my/id/eprint/45130

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