Does Fisher hypothesis hold for the East Asian Economies? an application of panel unit root tests

Tai-Hu Ling, Venus Liew and Syed Azizi Wafa Syed Khalid Wafa

MPRA Paper from University Library of Munich, Germany

Abstract: This study provides evidence supportive of Fisher hypothesis in East Asian economies using panel unit root tests, which allow for the consideration of cross-country interdependence of real interest rates in the estimation. One important implication of our finding is that monetary policy will be more effective in influencing long-term interest rates and long-run macroeconomic stability in these East Asian economies with regional collaboration.

Keywords: Fisher Hypothesis; macroeconomics; East Asia; panel unit root; interest rates (search for similar items in EconPapers)
JEL-codes: C13 C23 E44 N15 (search for similar items in EconPapers)
Date: 2008, Revised 2010-01
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:21601

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