Singularity Theory (ST), Comparative Statics (CS) and Comparative Dynamics (CD) all deal with the displacement of equilibrium of trajectory caused by a slight change of some parameter, with CS focusing particularly on comparing static equilibria, CD on comparing dynamic paths and ST on...

We use post-war quarterly data from Belgium, Canada, France, Germany, Greece, Ireland, Japan, theNetherlands, the United Kingdom, and the United States to examine the Fisherian link between inflation and the short-term nominal interest rates.