Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10001607086
In this paper we follow an empirical approach to examine the implications of the Fisher hypothesis, namely cointegration linking interest rates and inflation, and stationarity of the real interest rate implying in turn homogeneity of the potential equilibrium relation. The considered sample is...
Persistent link: https://www.econbiz.de/10010296257
In this paper the seasonal unit root test of Hylleberg et al. (1990) is generalized to cover a heterogenous panel. The procedure follows the work of Im, Pesaran and Shin (2002). Test statistics are proposed and critical values are obtained by simulations. Moreover, the properties of the tests...
Persistent link: https://www.econbiz.de/10010263471
Persistent link: https://www.econbiz.de/10002137279