THE FISHER EFFECT AND THE GOLD STANDARD - EVIDENCE FROM THE USA

Authors
CHOUDHRY T
Citation
T. Choudhry, THE FISHER EFFECT AND THE GOLD STANDARD - EVIDENCE FROM THE USA, Applied economics letters, 3(8), 1996, pp. 553-555
Citations number
17
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
3
Issue
8
Year of publication
1996
Pages
553 - 555
Database
ISI
SICI code
1350-4851(1996)3:8<553:TFEATG>2.0.ZU;2-W
Abstract
This paper investigates the long run relationship between nominal inte rest rate and the inflation rate (Fisher effect) in the USA during the gold standard era (1879-1913). Using Johansen cointegration tests, re sults show that there exists a Fisher effect on both the nominal short - and long-term interest rates during the stated period.