Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters

Ibrahim Arısoy

EN

Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters

Abstract

This paper examines the validity of Fisher hypothesis in Turkey for the time period 1987Q1-2010Q3. For this purpose, we employ cointegration test with a structural break as well as time varying parameters approach (TVP) that takes into account the effects of regime or policy changes on the relation between interest rate and inflation rate. The empirical results show that weak form of the Fisher hypothesis holds in Turkish economy.

Keywords

Fisher Effect, Cointegration, Regime Shift, Time-Varying Parameters, Kalman Filter

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Ibrahim Arısoy This is me

Publication Date

June 1, 2013

Submission Date

June 1, 2013

Acceptance Date

-

Published in Issue

Year 2013 Volume: 3 Number: 2

IZ

https://izlik.org/JA57CB73NX

Cite

RIS / Bibtex

APA

Arısoy, I. (2013). Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters. International Journal of Economics and Financial Issues, 3(2), 496-502. https://izlik.org/JA57CB73NX

AMA

1.Arısoy I. Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters. IJEFI. 2013;3(2):496-502. https://izlik.org/JA57CB73NX

Chicago

Arısoy, Ibrahim. 2013. “Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters”. International Journal of Economics and Financial Issues 3 (2): 496-502. https://izlik.org/JA57CB73NX.

EndNote

Arısoy I (June 1, 2013) Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters. International Journal of Economics and Financial Issues 3 2 496–502.

IEEE

[1]I. Arısoy, “Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters”, IJEFI, vol. 3, no. 2, pp. 496–502, June 2013, [Online]. Available: https://izlik.org/JA57CB73NX

ISNAD

Arısoy, Ibrahim. “Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters”. International Journal of Economics and Financial Issues 3/2 (June 1, 2013): 496-502. https://izlik.org/JA57CB73NX.

JAMA

1.Arısoy I. Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters. IJEFI. 2013;3:496–502.

MLA

Arısoy, Ibrahim. “Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters”. International Journal of Economics and Financial Issues, vol. 3, no. 2, June 2013, pp. 496-02, https://izlik.org/JA57CB73NX.

Vancouver

1.Ibrahim Arısoy. Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters. IJEFI [Internet]. 2013 Jun. 1;3(2):496-502. Available from: https://izlik.org/JA57CB73NX