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...

In this paper we derive several new results with respect to the Gini index for a quadratic Pen’s parade, building upon recent results by Mussard et al. (2011). To ensure that our results are relevant to many applied settings we impose only the parameter restrictions that guarantee the...