Inhaltsverzeichnis: Anne Sey - Gruppenarbeit in Japan: Empirische und theoretische Fiktionen; Günther Distelrath - Japanforschung und Wissenschaftstheorie; Evelyn Schulz - Stadt in Japan - eine interdisziplinäre Herausforderung; Uta Hohn - Stadt in Japan - eine interdisziplinäre...

Using data from Germany, Japan, UK, and the U.S., we explore possible threshold cointegration in nominal short- and long-run interest rates with corresponding inflation rates. Traditional cointegration implies perfect mean reversion in real rates and hence confirms the Fisher hypothesis....

Motivated by economic-theory concepts - the Fisher hypothesis and the theory of the term structure - we consider a small set of simple bivariate closed-loop time-series models for the prediction of price inflation and of long- and short-term interest rates. The set includes vector...