Gelişmiş ve gelişmekte olan ülkeler için Fisher etkisinin araştırılması : sınır testi yaklaşımı:

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Tezin Türü: Yüksek Lisans

Tezin Yürütüldüğü Kurum: Orta Doğu Teknik Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü, Türkiye

Tezin Onay Tarihi: 2007

Tezin Dili: İngilizce

Öğrenci: Duygu Bacı

Danışman: ELİF AKBOSTANCI ÖZKAZANÇ

Özet:

This study investigates the Fisher Effect for a sample of ten developed countries and ten developing countries. The study examines whether the nominal interest rate adjusts to the expected inflation rate in the long run. The distinction between the developed countries and developing countries also enables to identify special conditions under which Fisher Effect is more likely to hold. To analyze the long run relationship between the nominal interest rate and expected inflation rate, Bounds test approach of Pesaran et. al. (2001) is utilized. Estimation results show that the adjustment of nominal interest rate to expected inflation is encountered mostly for the developing countries which have inflationary history in their economies.