The Fisher effect on long-term U.K. interest rates in alternative monetary regimes: 1844-2018

Simple item page
buir.contributor.authorBerument, Hakan
buir.contributor.orcidBerument, Hakan|0000-0003-2276-4741
dc.citation.epage3809en_US
dc.citation.issueNumber33en_US
dc.citation.spage3795en_US
dc.citation.volumeNumber53en_US
dc.contributor.authorBerument, Hakan
dc.contributor.authorFroyen, R. T.
dc.date.accessioned2022-02-15T06:12:35Z
dc.date.available2022-02-15T06:12:35Z
dc.date.issued2021-02-28
dc.departmentDepartment of Economicsen_US
dc.description.abstractThe Fisher Effect is one of the most widely studied relationships in monetary economics. Previous studies have found little evidence of a Fisher effect in pre-World War I data for the United Kingdom. An explanation for this is the near white noise property of the inflation rate under the Classical Gold Standard. There is more evidence of a Fisher effect in the post-World War II years when the inflation rate showed more persistence. This paper studies the evidence on the Fisher effect over the time period 1844-2018. This period covers several distinct monetary regimes. The monetary regime is an important factor determining the time series behavior of the inflation rate which, in turn, has been shown to be crucial to the strength of the Fisher effect. Distinctive features of the study are the focus on the long-term interest rate and coverage of the current inflation targeting regime in the United Kingdom.en_US
dc.description.provenanceSubmitted by Mustafa Er (mer@bilkent.edu.tr) on 2022-02-15T06:12:35Z No. of bitstreams: 1 The_Fisher_effect_on_long-term_U.K._interest_rates_in_alternative_monetary_regimes_1844-2018.pdf: 853188 bytes, checksum: 145f99118051057a0e0315eae326c3e9 (MD5)en
dc.description.provenanceMade available in DSpace on 2022-02-15T06:12:35Z (GMT). No. of bitstreams: 1 The_Fisher_effect_on_long-term_U.K._interest_rates_in_alternative_monetary_regimes_1844-2018.pdf: 853188 bytes, checksum: 145f99118051057a0e0315eae326c3e9 (MD5) Previous issue date: 2021-02-28en
dc.identifier.doi10.1080/00036846.2021.1886239en_US
dc.identifier.eissn1466-4283
dc.identifier.issn0003-6846
dc.identifier.urihttp://hdl.handle.net/11693/77341
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttps://doi.org/10.1080/00036846.2021.1886239en_US
dc.source.titleApplied Economicsen_US
dc.subjectFisher effecten_US
dc.subjectInflation anchorsen_US
dc.subjectInflation targetingen_US
dc.subjectLong-term Interest Rateen_US
dc.titleThe Fisher effect on long-term U.K. interest rates in alternative monetary regimes: 1844-2018en_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
The_Fisher_effect_on_long-term_U.K._interest_rates_in_alternative_monetary_regimes_1844-2018.pdf
Size:
833.19 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.69 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Department of Economics