Serletis, Apostolos; Zestos, George - 2004
previously taken to support the Gibson paradox, using quarterly data over the 1957:1 - 1994:4 period on nominal interest rates … rate-price level contemporaneous correlations are weak, thereby punching a hole in the Gibson paradox. Evidence is also … presented, based on the integration properties of the data, that standard Gibson paradox regressions are spurious …