Ling, Tai-Hu and Venus, Khim-Sen Liew and Syed Khalid Wafa, Syed Azizi Wafa (2008): Does Fisher hypothesis hold for the East Asian Economies? an application of panel unit root tests. Forthcoming in: Comparative Economic Studies
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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:||MPRA Paper|
|Original Title:||Does Fisher hypothesis hold for the East Asian Economies? an application of panel unit root tests|
|Keywords:||Fisher Hypothesis; macroeconomics; East Asia; panel unit root; interest rates|
|Subjects:||C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: General
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C23 - Models with Panel Data; Longitudinal Data; Spatial Time Series
N - Economic History > N1 - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations > N15 - Asia including Middle East
E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy
|Depositing User:||Venus Khim-Sen Liew|
|Date Deposited:||24. Mar 2010 16:52|
|Last Modified:||12. Feb 2013 20:59|
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