Can Switching Between Inflationary Regimes Explain Fluctuations in Real Interest Rates? /
It has recently been suggested that allowing for switches between different inflationary regimes produces a much better fit for the Fisher relationship between interest rates and inflation, at least for U.S. data. The paper assesses the merits of the regime-switching theory as an explanation for the...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1997.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1997/131 |
| 在線閱讀: | Full text available on IMF |