Results 251 to 260 of about 11,203,193 (300)
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Industry Returns and the Fisher Effect
The Journal of Finance, 1994ABSTRACTWe investigate the cross‐sectional relation between industry‐sorted stock returns and expected inflation, and we find that this relation is linked to cyclical movements in industry output. Stock returns of noncyclical industries tend to covary positively with expected inflation, while the reverse holds for cyclical industries.
Boudoukh, Jacob +2 more
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The Postwar Stability of the Fisher Effect
The Journal of Finance, 1983ABSTRACTMost research concerning the Fisher relationship has concentrated on the magnitude and significance of the response of nominal interest rates to anticipated inflation. Recently, attention has shifted to the stability of that response. According to previous estimates, the impact of anticipated inflation on interest rates varies substantially ...
Peek, Joe, Wilcox, James A
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Fisher Effect in Pakistan [PDF]
The Pakistan Development Review, 1999 This paper attempts to test the validity of the Fisher Hypothesis (FH) in Pakistan by investigating the long-run relationship between interest rate and inflation rate applying cointegration analysis. The FH has serious implications for debtors and creditors in an inflation prone economy since inflationary expectations influence
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The Singapore Economic Review, 2003
The Fisher hypothesis has been a much debated topic. Over the years the hypothesis debated and the techniques used have changed. While the majority of early studies on the Fisher effect concentrated primarily on confirming the long and distributed lag in expectations formation, subsequent work saw the integration of the Fisher hypothesis with the ...
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The Fisher hypothesis has been a much debated topic. Over the years the hypothesis debated and the techniques used have changed. While the majority of early studies on the Fisher effect concentrated primarily on confirming the long and distributed lag in expectations formation, subsequent work saw the integration of the Fisher hypothesis with the ...
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Journal of Macroeconomics, 1995
Abstract A nonstationary ex ante real interest rate implies that the Fisher effect should be recast as a long-run equilibrium relationship between the expected inflation component of the nominal interest rate and actual inflation. The paper tests for cointegration between the quarterly inflation rate and the expectation of inflation extracted from ...
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Abstract A nonstationary ex ante real interest rate implies that the Fisher effect should be recast as a long-run equilibrium relationship between the expected inflation component of the nominal interest rate and actual inflation. The paper tests for cointegration between the quarterly inflation rate and the expectation of inflation extracted from ...
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Taxes and the Fisher Effect: A Clarifying Analysis
The Journal of Finance, 1983ABSTRACTSupply and demand functions for loanable funds are postulated for a no‐inflation economy and equilibrium levels of saving, investment, and the interest rate are specified. Certainty and nondepreciating assets are assumed. An exogenous inflation rate is imposed upon this same economy and new equilibrium values for these same variables are ...
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Structural Breaks and the Fisher Effect
The B.E. Journal of Macroeconomics, 2011There is scant empirical support in the literature for the Fisher effect in the long run, though it is often assumed in theoretical models. We argue that a break in the cointegrating relation introduces a spurious unit root that leads to a rejection of cointegration.
Alfred A Haug +2 more
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Further evidence on the Fisher effect
Applied Economics, 1996The strong form of the Fisher hypothesis states that the nominal rate of interest fully adjusts to anticipated inflation. Weaker forms of the hypothesis identify circumstances where the nominal interest rate either overadjusts or underadjusts. Previous tests of the hypothesis using Australian data and error correction techniques have found conflicting ...
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Patch-size and isolation effects in the Fisher–Kolmogorov equation
Journal of Mathematical Biology, 2008We examine the classical problem of the existence of a threshold size for a patch to allow for survival of a given population in the case where the patch is not completely isolated. The surrounding habitat matrix is characterized by a non-zero carrying capacity. We show that a critical patch size cannot be strictly defined in this case.
Artiles, W. +2 more
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The Fisher Effect: Graphical Treatment and Some Econometric Implications
The Journal of Finance, 1977IN RECENT YEARS, various economists have presented econometric evidence measuring the influence which commodity price inflation exerts upon market interest rates. Judging from the number of papers devoted to the subject, it has become, in Friedman's words, "a dynamic growth industry." Each author has inevitably acknowledged the pioneering work of ...
Bomberger, W A, Makinen, G E
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