Category

share

The Fisher Effect

The Fisher Effect

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

 
₹ 3,651

Availability: Out of stock

 

Delivery :

5% Cashback on all Orders paid using MobiKwik Wallet T&C

Free Krispy Kreme Voucher on all Orders paid using UltraCash Wallet T&C
Product Out of Stock Subscription

(Notify me when this product is back in stock)

  • Product Description
 

The Fisher effect, one of the oldest paradigms of Financial Economics, has been scrutinized for decades. Behind the large body of academic literature lies the intuitive idea that nominal interest rates should adjust to changed expectations of inflation, leaving the real rate unaffected. Despite the amount of attention the theory has received, the empirical evidence is not nearly conclusive. This book lends considerable weight in support of the Fisher Effect, by modeling the equation under realistic conditions, and relaxing some of the assumptions commonly present in the empirical literature. The assumption of Rational Expectations is circumvented through use of new survey data on inflation from the Consensus Forecast. The model also allows for active monetary policy, using four different monetary regimes: the US, Euro Area, Switzerland, and Sweden. The evidence suggests that interest rates fully adjust to changes in the expected level of inflation, and debt markets act rationally when forming expectations of inflation. This book may be of particular use to monetary or financial economists, and in financial and academic institutions.

Product Specifications
SKU :COC69367
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08
0 Review(s)