INTEREST-RATES AND INFLATIONARY EXPECTATIONS - LONG-RUN EQUILIBRIUM AND SHORT-RUN ADJUSTMENT

被引：2
|
作者：
MOAZZAMI, B
机构：
[1] Lakehead University, Thunder Bay
来源：
JOURNAL OF BANKING & FINANCE | 1990年 / 14卷 / 06期
关键词：
D O I：
10.1016/0378-4266(90)90007-O
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The relationship between inflation and the rate of interest for the United States is examined within a dynamic specification framework which yields direct estimates of the long-run as distinct from the short-run coefficients. The Fisher hypothesis as a long-run proposition is supported by the data. The results are shown to be robust with respect to the choice of the interest rate. © 1990.
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页码：1163 / 1170
页数：8
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