File(s) not publicly available
The Fisher Effect: A Survey
journal contribution
posted on 2023-05-16, 14:42 authored by Cooray, AVThe 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 theories of rational expectations and efficient markets. With the incorporation of these theories in the Fisher hypothesis, the methodological advances involved examining the time series properties of the variables in question. This survey reviews previous work from this perspective. In addition, the studies pertaining to developing economies and possible explanations for the failure of the Fisher effect are also reviewed.
History
Publication title
Singapore Economic ReviewVolume
48Pagination
135-150ISSN
0217-5908Department/School
TSBEPublisher
World Scientific Publishing Co Pte LtdPlace of publication
SingaporeRepository Status
- Restricted