Cotrending and the stationarity of the real interest rate

David A. Chapman, Masao Ogaki

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)

Abstract

This paper introduces the concept of cotrending to trend stationary series with structural breaks. We apply it to nominal interest rates and inflation in order to test the long-run Fisher effect.

Original languageEnglish
Pages (from-to)133-138
Number of pages6
JournalEconomics Letters
Volume42
Issue number2-3
DOIs
Publication statusPublished - 1993
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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