The empirical methodology developed by King and Watson (1992) is employed to test for a vertical long-run Phillips curve amnong the EU countries, using quarterly data spanning the last thirty years.

The empirical methodology developed by King and Watson (1992) is employed to test the validity of a number of long-run neutrality propositions in the Canadian context. We test for long-run money neutrality, the vertical long-run Phillips curve, and the long-run Fisher relationship using...

Tests for fractional conintegration are employed to provide evidence on the validity of the long-run Fisher effect. We use post-war monthly data for the 3-, 6-, 12-month US Treadury bill rate. We conclude that the rejection of a "full" Fisher effect that results from the use of tests for integer...