haku: @indexterm inflation rates / yhteensä: 77
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| Tekijä: | Shrestha, K. Chen, S.-S. Lee, C.-f. |
| Otsikko: | Are expected inflation rates and expected real rates negatively correlated? A long-run test of the Mundell-Tobin hypothesis |
| Lehti: | Journal of Financial Research
2002 : FALL, VOL. 25:3, p. 305-320 |
| Asiasana: | Financial models Inflation policy Inflation rates |
| Kieli: | eng |
| Tiivistelmä: | Empirical evidence suggests that the expected interest and expected inflation rates are negatively correlated. The authors reinvestigate this negative relation (the Mundel-Tobin hypothesis) from a long-term point of view using cointegration analysis. They also obtain similar results using the real interest rate on index-linked gilt traded in the United Kingdom. |
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