TY  - JOUR
TT  - Testing for the Fisher Hypothesis under Regime Shifts in Turkey: New Evidence from Time-Varying Parameters
AU  - Arısoy, Ibrahim
PY  - 2013
DA  - June
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 496
EP  - 502
VL  - 3
IS  - 2
KW  - Fisher Effect
KW  - Cointegration
KW  - Regime Shift
KW  - Time-Varying Parameters
KW  - Kalman Filter
N2  - 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.
UR  - https://dergipark.org.tr/tr/pub/ijefi/issue//351924
L1  - https://dergipark.org.tr/tr/download/article-file/362785
ER  -