Lee, Hwa-taek; Liew, Venus khim-sen; Yoon, Gawon - In: Economics Bulletin 33 (2013) 1, pp. 104-112
Recent advances in nonlinear cointegration analysis find evidence for a nonlinear long-run relation between the U.S. interest rate and inflation. Employing the Breitung's (2001) rank tests for nonlinear cointegration, we find herein little evidence for cointegration in the U.S. data. We also...
