Measurement and Inspection of Fisher Effect in China ’s Economy
Measurement and Inspection of Fisher Effect in China ’s Economy
Author：Liu Jinquan, Sui Jianli, Yan Chao Journal：Journal of Nantong University (Social Science Edition) Date：2009(1)
Keywords inflation rate; interest rate; structural transformation; Fisher Effect
Abstract
Based on the data of 1983 Q1 ~2008 Q1 of China and the estimation of sub -samples for the structural transformation point of multi-structures, the paper compares and contrasts the inflation rate, actual interest rate and nomi- nal interest rate, and finally estimates the consequences with reference to Bai and Perron’s (1998) sub -samples for the structural transformation point of multi-structures as well as the UDmax, WDmax and SupSupFT(l+1∣l) testing methods. The analysis shows that there is no evident Fisher Effect in China’s economy.
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