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The Fisher Effect: A Survey

Citation

Cooray, AV, The Fisher Effect: A Survey, Singapore Economic Review, 48, (2) pp. 135-150. ISSN 0217-5908 (2003) [Refereed Article]

DOI: doi:10.1142/S0217590803000682

Abstract

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 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.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Economic Theory
Research Field:Macroeconomic Theory
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Monetary Policy
Author:Cooray, AV (Dr Arusha Cooray)
ID Code:28412
Year Published:2003
Deposited By:Economics and Finance
Deposited On:2003-08-01
Last Modified:2004-03-24
Downloads:0

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