Validity of the short-and long-run fisher relationships: an empirical analysis

Keshab Shrestha, Sheng Syan Chen

Research output: Contribution to journalArticleResearchpeer-review

Abstract

In this paper we analyze the short-and long-run Fisher relationships for US, UK, Canada and Japan. using monthly data on Eurocurrency interest rates and inflation rates. We show that the long-run Fisher relationship holds for all four countries. We also show that the short-run Fisher relationship holds for UK and Japan, but not for Canada. As for the US, the short-run Fisher relationship is significant only atthe 10 percent level.

Original languageEnglish
Pages (from-to)65-77
Number of pages13
JournalManagerial Finance
Volume24
Issue number8
DOIs
Publication statusPublished - 1998
Externally publishedYes

Keywords

  • Accounting research
  • Canada
  • Inflation
  • Interest rates
  • Japan
  • United Kingdom
  • USA

Cite this