## Abstract Most empirical evidence suggests that the Fisher effect, stating that inflation and nominal interest rates should cointegrate with a unit slope on inflation, does not hold, a finding at odds with many theoretical models. This paper argues that these results can be attributed in part to
Testing for cointegration: the effects of mis-specifying the lag length
β Scribed by Ronald Bewley; Minxian Yang
- Publisher
- Elsevier Science
- Year
- 1995
- Tongue
- English
- Weight
- 272 KB
- Volume
- 39
- Category
- Article
- ISSN
- 0378-4754
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract A necessary condition for the existence of a circuit of any specified length in a connected planar graph is developed and several applications of this result are given. This necessary condition is a direct generalization of the KosyrevβGrinberg condition for the existence of a Hamiltoni
This paper reports estimates of the long-and short-run elasticities of residential demand for electricity in Australia using the bounds testing procedure to cointegration, within an autoregressive distributive lag framework. In the long run, we find that income and own price are the most important d