Rubio, Óscar Bajo; Roldán, Carmen Díaz; Esteve, Vicente - Centro de Estudios Andaluces, Government of Andalusia - 2004
In this paper we examine the role of nonlinearities in the relationship between nominal interest rates and inflation, in order to shed some additional light on the mostly unfavorable evidence on the presence of a full Fisher effect. The analysis is applied to the case of Spain for the period...