Search results for " purchasing power parity and uncovered interest parity."

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- EL EFECTO FISHER Y LA PARIDAD DE INTERÉS REAL. EVIDENCIA PARA LA ECONOMÍA ESPAÑOLA

1999

This paper provides an empirical test of the Fisher effect and of the real interest parity. The objetive is to determinate the behavior of the ex-ante real interest that condicionate the intertemporal savings and investment decisions. The method used is the time series properties of the data, which allows to separate estimation of the long-run equilibrium relationship from the nuisance parameters that characterize the short-run dynamics. The results find support inthe long run for a tax-adjusted Fisher hypothesis but not for the real interest parity. En este trabajo se contrasta empíricamente el cumplimiento de la hipótesis de Fisher y de la paridad de interés real para el caso español. El …

Economics and EconometricsAccountingFinanceDiferenciales de inflación tipo de interés cointegración vector de corrección de error paridad del poder de compra y paridad no cubierta del tipo de interés Inflation differentials interest rates cointegration vector error correction purchasing power parity and uncovered interest parity.
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