Is there a nonlinear long-run relation in the U.S. interest rate and inflation?

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Is there a nonlinear long-run relation in the U.S. interest rate and inflation?

Recent advances in nonlinear cointegration analysis find evidence for a nonlinear long-run relation between the U.S. interest rate and inflation. Employing the Breitung's (2001) rank tests for nonlinear cointegration, we find herein little evidence for cointegration in the U.S. data. We also pr...

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Bibliographic Details
Main Authors:	lee, Hwa-tae, Khim-Sen Liew, Venus, Gawon, Yoon
Format:	Article
Language:	English
Published:	Economics Bulletin 2013
Subjects:	HC Economic History and Conditions
Online Access:	http://ir.unimas.my/id/eprint/15931/ http://ir.unimas.my/id/eprint/15931/1/EB-13-V33-I1-P10%20%28abstrak%29.pdf

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