The Inverted Fisher Hypothesis : Inflation Forecastability and Asset Substitution" /
This paper examines the implications of inflation persistence for the inverted Fisher hypothesis that nominal interest rates do not adjust to inflation because of a high degree of substitutability between money and bonds. It is emphasized that the substitutability between nominal assets and capital...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2000/194 |
| Online-ссылка: | Full text available on IMF |